Understand Your Shares of the DeFi Amusement Park: Ownership, Investment, and VIP

Unveil the benefits of 💵 eUSD3CRV-f, 💶 cvxeUSD3CRV-f, and 💷 stkcvxeUSD3CRV-f.

Our last post explains Enso Finance’s solving transaction with 116 steps. In the description, you can find some of the tokens having the longest names:

💵 eUSD3CRV-f, 💶 cvxeUSD3CRV-f, 💷 stkcvxeUSD3CRV-f.

These 3 tokens play a critical role in the complicated transaction.

What are they? And how do they work together?

Please allow me to take you on a roller coaster ride in an amusement park to understand.

💵 eUSD3CRV-f: The Ownership Certificate

a ticket that represents ownership in a shared amusement park

eUSD3CRV-f can be likened to a ticket that represents ownership in a shared amusement park, allowing you to earn profits from park activities. Here are its roles.

Ownership Ticket

When you invest money (eUSD and 3CRV stablecoins) in the amusement park (liquidity pool), you receive a ticket (eUSD3CRV-f).

This ticket certifies that you own a portion of the amusement park, reflecting your investment in it.

Earning Profits

Just as owning a portion of an amusement park allows you to earn a share of the profits from park activities (entrance fees, rides, concessions), holding the eUSD3CRV-f token allows you to earn a share of the trading fees generated by the liquidity pool.

Redeeming Ownership

At any time, you can use your ticket to redeem your original investment and any additional profits you’ve earned. Similarly, you can use your eUSD3CRV-f token to withdraw your share of the liquidity pool, getting back your eUSD and 3CRV, along with any accrued fees.

Summary

The amusement park represents the liquidity pool; your investment in the park is the liquidity you provide (eUSD and 3CRV), and the ownership ticket is the eUSD3CRV-f token. This token certifies your share in the pool and entitles you to a portion of the profits, just like how a ticket would certify your ownership in an amusement park and entitle you to a share of its earnings.

💶 cvxeUSD3CRV-f: The Investment Certificate

investment bank

cvxeUSD3CRV-f represents staked eUSD3CRV-f tokens on Convex Finance, earning boosted rewards. Let's extend the amusement park analogy to understand this in a real-world context.

cvxeUSD3CRV-f can be likened to a certificate of deposit (CD) from a special investment bank for amusement park ownership. Here’s the detailed breakdown:

Special Investment Bank

You deposit your ownership ticket (eUSD3CRV-f) from the amusement park into a special investment bank (Convex Finance).

The bank gives you a certificate (cvxeUSD3CRV-f) representing your deposited ownership ticket.

Boosted Profits

By depositing your ticket in this special bank, you continue to earn your share of the amusement park’s profits and receive additional boosted rewards from the bank’s investment programs.

This means you get more benefits than you would by simply holding onto the original ticket.

Flexible Management:

You can manage your certificate (cvxeUSD3CRV-f) just like any other asset, potentially earning higher returns due to the boosted rewards from the special bank.

Summary

In this analogy, the special investment bank represents Convex Finance, where you deposit your original amusement park ownership ticket (eUSD3CRV-f). The certificate you receive (cvxeUSD3CRV-f) represents your staked position, providing you with your share of the amusement park’s profits and additional rewards from the bank.

💷 stkcvxeUSD3CRV-f: The VIP Certificate

Photo by Jesse Schoff on Unsplash

additional yields on Convex Finance. Let’s continue the analogy.

stkcvxeUSD3CRV-f can be likened to a special VIP certificate from an exclusive club within the investment bank. Here are the benefits of this VIP certificate.

Exclusive Club Membership

You take your certificate (cvxeUSD3CRV-f) from the special investment bank and deposit it into an exclusive VIP club within the bank (another staking mechanism on Convex Finance).

The club gives you a special VIP certificate (stkcvxeUSD3CRV-f) representing your deposited certificate.

Additional VIP Benefits

By joining this exclusive VIP club, you receive even more benefits and additional yields on top of the already boosted rewards you were getting from the special investment bank.

This means you are maximizing your returns by taking advantage of all possible rewards.

Enhanced Earnings

Your special VIP certificate (stkcvxeUSD3CRV-f) allows you to earn the highest possible returns by leveraging both the bank’s and the club’s reward mechanisms.

Summary

In this analogy, the exclusive VIP club represents the additional staking mechanism within Convex Finance. The VIP certificate (stkcvxeUSD3CRV-f) you receive represents your further staked position, providing the highest level of benefits and rewards. This certificate signifies that you are maximizing your returns by participating in multiple layers of the investment and reward programs.

Read the post below to find out more certificates or tokens to see what benefits you can get. 👇

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