CortexDAO, a DeFi index platform, announced today it has listed its CXD token on the MEXC Exchange. CXD is now available in a USDT trading pair to MEXC’s over 6 million users, with the launch of CortexDAO’s Convex Index right around the corner.
The CXD token can be locked to earn vlCXD and receive the full benefits of CortexDAO. So far, roughly 24% of the circulating supply has been locked for an average of 1.54 years. These lockers earn fee distributions, protocol boosts, and voting power.
“With our upcoming launch of the Convex Index, it’s important we increase the reach of CXD. Listing on MEXC is an important step for the growth of CortexDAO.” – Will Shahda, CortexDAO Founder and Core Contributor
The MEXC listing is CortexDAO’s first centralized exchange listing. Previously, CXD was only available on the decentralized exchange Curve.fi.
CortexDAO aims to make it simple for users to get diversified exposure to complex DeFi protocols. Their upcoming launch of the Convex Index focuses on the Curve/Convex ecosystem, providing broad exposure to Convex-boosted Curve pools.