What is CLever (CLEV)? Overview of the CLever . project

• What is Clever?
• Clever's mechanism of action
• Clever token Token Information
• Some information to know about CLEV token token
• Utility of the CLEV . token
• summary

What is CLever?

CLever is a yielding platform that offers attractive profit-making strategies, allowing users to deposit tokens into the project to receive interest in return. You can use profits to farm, deposit with high leverage on CLever. The project brings two advantages as follows:

• Offers high returns on several asset classes accepted by the protocol, such as CVX, FXS and CRV.
• CLever allows users to use the profits earned from depositing tokens for farming and staking for additional profits (a form of leveraged use of the protocol).

CLever's mechanism of action

Users lock in their collateral tokens in CLever's profit strategy, then can instantly claim their share of future returns in the form of clevToken at zero cost (minus gas fees). clevToken can be farmed or swapped for equivalent tokens using the Curve or Furnace liquidity pool. To create leverage, users can deposit their tokens back to earn more.

The mechanism of action of CLever is as follows:

Step 1 : Users deposit assets such as CVX, FXS or CRV into the CLever platform. In this article will use CVX as an example.

Step 2 : The platform will send CVX to Convex to receive vlCVX and also collect clevCVX - the asset that represents the user's profit in the future.

Step 3 : Users can continue to deposit this clevCVX back to CLever to receive another part of the profit (in the form of leverage). Besides, users can bring more clevCVX to the liquidity pool to earn more profit.

Step 4 : Users can exchange clevCVX to CVX through 2 ways: swap on Curve Finance or burn 1 clevCVX in exchange for 1 CVX in The Future on CLever platform.

clevToken are synthetic versions of their associated real tokens, representing the future returns of the strategies CLever offers. Each clevToken is backed by one or more equivalent real tokens in the system. These tokens can be farmed in the CLever liquidity pool or swapped for additional initial tokens.

CLever's source of revenue will come from sharing a part of the profits of CVX, FXS or CRV holders, such as with CVX 20% of the profit earned by CVX holders, and with FXS 10% .

Information about the token of CLever

Some information to know about CLEV token token

• Token Name: CLever
• Code: CLEV
• Blockchain: Ethereum
• Token classification: ERC 20
• Contract: 0xad67…8b94fb1
• Total supply: 1,000,000,000 CLEV

Utility of the CLEV . token

Here are a few ways you can use CLEV to earn and manage:

• Provide liquidity in CLEV-ETH pool on Curve and staking LP tokens on CLever to earn liquidity mining rewards.
• Vote the CLEV key to earn up to 2.5x increased liquidity mining rewards. CLever will distribute 75% of their revenue to veCLEV holders.  
• Lock CLEV tokens to gain voting rights and participate in community governance.

Currently, investors can buy CLEV tokens on MEXC and Hotbit exchanges .

summary

CLever is one of the protocols related to Convex Wars. So, when this war officially breaks out and CLever has a chance to become the winner of this tough battle, the CLEV token price will grow strongly. However, any investment is risky. Therefore, readers need to research carefully before investing in this project. 

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