CLever gives CVX holders a continuous, automated way to harvest bribes and rewards AND allows users to claim their future bribes and rewards today.
CLEVCVX is a synthetic token minted against real CVX (or vlCVX) in the Clever system, and each clevCVX token is backed by at least one CVX or vlCVX in the system. clevCVX can be redeemed for CVX 1:1 using the Furnace (where there may be a delay, see below) or immediately in the clevCVX/CVX pool on Curve.
Users lock their CVX and can immediately claim 50% of their future yields as clevCVX, for zero cost. Users can swap clevCVX for CVX using either the Curve liquidity pool or the clevCVX Furnace. For users that want to create leverage, they may re-deposit their CVX to claim and swap even more, looping as much as they wish to a maximum of ~2X their initial CVX deposit. All CVX locked with CLever will itself be vote-locked with Convex and used to vote for maximum bribe income, with all bribes swapped to CVX and claimable as more clevCVX.
