CORE

cVault.financeCORE

Rank #433
Token
On 6,737 watchlists

cVault.finance Price (CORE)

$4,562.34
4.14%

0.09152 BTC3.04%

2.8214 ETH0.36%

Low:$4,425.54
High:$4,810.98
24h
CORE  cVault.finance COREPrice: $4,562.34 4.14%
Market Cap
$45,623,406
4.14%
Fully Diluted Market Cap
$45,623,406
4.14%
Volume
24h
$759,255
32.65%
Circulating Supply
10,000 CORE
Max Supply
--
Total Supply
10,000
 

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About cVault.finance

The live cVault.finance price today is $4,562.34 USD with a 24-hour trading volume of $759,255 USD. cVault.finance is down 4.14% in the last 24 hours. The current CoinMarketCap ranking is #433, with a live market cap of $45,623,406 USD. It has a circulating supply of 10,000 CORE coins and the max. supply is not available.

The top exchanges for trading in cVault.finance are currently Uniswap (V2), Gate.io, Bilaxy, and Hotbit. You can find others listed on our crypto exchanges page.

What Is cVault.finance (CORE)?

CVault.finance is a decentralized finance protocol with a deflationary governance token, CORE, that users can stake and use to yield farm. The platform also plans to introduce "Automated Strategy Vaults," which will allow for the automatic execution of profit-generating strategies for staked tokens.

Aiming to be completely decentralized, cVault.finance calls its governance model "the strongest and most involved in DeFi." CORE token holders vote as a community to implement changes to the protocol, including the creation of new liquidity pools or the elimination of existing ones.

The platform was launched on the Ethereum mainnet in September 2020, with CORE debuting on Uniswap seven days later.

Who Are the Founders of cVault.finance?

CVault.finance was launched in September 2020 by two pseudonymous developers known as "0xRevert" and "X 3." The two have a history of working in traditional software development, but cVault.finance is their first crypto-related project. The co-founders have stated that they decided to create the platform after witnessing DeFi yield farming operations "fantastically implode due to poor economic decisions" such as minting new tokens as part of the farming process.

In October 2020, cVault.finance brought on another pseudonymous individual, "0xdec4f," to join its leadership team as head of operations. Prior to assuming an official role with cVault.finance, 0xdec4f was an active community member and moderator of the platform's Telegram channel.

What Makes cVault.finance Unique?

The main way in which cVault.finance seeks to differentiate itself from other DeFi protocols is through its focus on deflationary yield farming. The project believes that minting new tokens to reward liquidity providers — a process carried out by many DeFi protocols — is unsustainable in the long term, as it devalues the token. It has referred to this form of incentivization as "flawed and short minded."

CVault.finance offers what it calls "deflationary farming" in which no new tokens are ever minted. Rather, a 1% fee is charged on token transfers, and the fees are used to reward liquidity providers. In addition, the protocol prevents the withdrawal of liquidity from Uniswap, which it says guarantees a stable market. These built-in measures, it argues, will ensure the sustainability of the platform.

The cVault.finance development team receives 7% of token transfer fees, while the remaining 93% is redistributed as rewards to liquidity providers.

Learn more about UNI, the governance token of the Uniswap platform.

Learn about yearn.finance, a DeFi project that skyrocketed in popularity in 2020.

Interested in using Uniswap yourself? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on DeFi, yield farming and more with the CoinMarketCap Blog.

How Many cVault.finance (CORE) Coins Are There in Circulation?

CVault.finance has a fixed supply of 10,000 tokens. All 10,000 CORE was minted in September 2020 during the project's initial seven-day "liquidity generation event," or LGE, during which participants contributed over 3,759 Ether (ETH) — valued at $1.41 million at the time — that was used to create a CORE/ETH Uniswap liquidity pool, with contributors receiving liquidity pool tokens. A second LGE was held in October 2020, this time accepting Wrapped Bitcoin (WBTC) and receiving over $5 million in value. The project plans to hold a third event centered around a stablecoin.

Unlike typical Uniswap pairs, these LP tokens cannot be redeemed for their underlying asset, thus permanently locking liquidity into the protocol. This has led to the creation of a secondary market where users trade LP tokens for other assets. The development team of cVault.finance has also stated that this results in a so-called "price floor," meaning that CORE can never drop below a certain price.

According to cVault.finance, the development team does not receive any CORE tokens as a part of its LGEs.

How Is the cVault.finance Network Secured?

CORE is an ERC-20 token — although it has proposed a new ERC-95 standard — meaning that it relies on the Ethereum blockchain to validate CORE transactions. Ethereum uses a proof-of-work consensus algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

According to co-founder X 3, because cVault.finance's liquidity generation events use open-source smart contracts and liquidity is permanently locked in Uniswap, there is no way for the developers to carry out a "rug-pulling" event in which the development team makes off with users' funds — thus making it more secure than other DeFi projects.

The project's smart contract was audited in October 2020 by blockchain software development and security consulting company The Arcadia Group. The firm found that while there were no critical security flaws that required immediate attention, there were some fixes that could be implemented to improve security.

The cVault.finance team also announced in October 2020 that it was offering a $50,000 bug bounty for community members who find flaws in its upcoming changes to its code.

Where Can You Buy cVault.finance (CORE)?

CORE is primarily exchanged on Uniswap (V2), although it is also listed on Bilaxy and Hotbit. It can be traded against Ether, WETH (WETH), Tether (USDT) and Bitcoin (BTC).

Are you interested in buying CORE or other cryptocurrencies such as BTC? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

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CORE Price Statistics

cVault.finance Price Today
cVault.finance Price$4,562.34
Price Change24h$-197.02
4.14%
24h Low / 24h High
$4,425.54 /
$4,810.98
Trading Volume24h$759,255.48
32.65%
Market DominanceNo Data
Market Rank#433
cVault.finance Market Cap
Market Cap$45,623,406.31
4.14%
Fully Diluted Market Cap$45,623,406.31
4.14%
cVault.finance Price Yesterday
Yesterday's Low / High
$4,289.64 /
$4,831.56
Yesterday's Open / Close
$4,445.62 /
$4,582.64
Yesterday's Change

3.08%

Yesterday's Volume$702,047.33
cVault.finance Price History
7d Low / 7d High
$3,868.65 /
$5,776.17
30d Low / 30d High
$3,770.82 /
$6,884.82
90d Low / 90d High
$2,836.20 /
$6,884.82
52 Week Low / 52 Week High
$2,836.20 /
$8,057.36
All Time High
Oct 17, 2020 (4 months ago)
$8,057.36
43.38%
All Time Low
Dec 24, 2020 (2 months ago)
$2,836.20
60.86%
cVault.finance ROI

92.36%

cVault.finance Supply
Circulating Supply10,000 CORE
Total Supply10,000 CORE
Max SupplyNo Data

cVault.finance Markets

#

Source

Pairs

Price

Volume

Volume %

Liquidity

Confidence

Updated

1

Uniswap (V2)

$4,573.93

$237,562

31.29%

815

High

Recently

2

Hotbit

* $4,697.70

$159,014

20.94%

19

High

Recently

3

Hotbit

* $4,630.46

$158,564

20.88%

26

High

Recently

4

Hotbit

* $4,729.61

$158,368

20.86%

16

High

Recently

5

Gate.io

* $4,365.44

$39,219

5.17%

15

High

Recently

6

Gate.io

$4,408.57

$17,581

2.32%

22

High

Recently

* Price Excluded

About cVault.finance

The live cVault.finance price today is $4,562.34 USD with a 24-hour trading volume of $759,255 USD. cVault.finance is down 4.14% in the last 24 hours. The current CoinMarketCap ranking is #433, with a live market cap of $45,623,406 USD. It has a circulating supply of 10,000 CORE coins and the max. supply is not available.

The top exchanges for trading in cVault.finance are currently Uniswap (V2), Gate.io, Bilaxy, and Hotbit. You can find others listed on our crypto exchanges page.

What Is cVault.finance (CORE)?

CVault.finance is a decentralized finance protocol with a deflationary governance token, CORE, that users can stake and use to yield farm. The platform also plans to introduce "Automated Strategy Vaults," which will allow for the automatic execution of profit-generating strategies for staked tokens.

Aiming to be completely decentralized, cVault.finance calls its governance model "the strongest and most involved in DeFi." CORE token holders vote as a community to implement changes to the protocol, including the creation of new liquidity pools or the elimination of existing ones.

The platform was launched on the Ethereum mainnet in September 2020, with CORE debuting on Uniswap seven days later.

Who Are the Founders of cVault.finance?

CVault.finance was launched in September 2020 by two pseudonymous developers known as "0xRevert" and "X 3." The two have a history of working in traditional software development, but cVault.finance is their first crypto-related project. The co-founders have stated that they decided to create the platform after witnessing DeFi yield farming operations "fantastically implode due to poor economic decisions" such as minting new tokens as part of the farming process.

In October 2020, cVault.finance brought on another pseudonymous individual, "0xdec4f," to join its leadership team as head of operations. Prior to assuming an official role with cVault.finance, 0xdec4f was an active community member and moderator of the platform's Telegram channel.

What Makes cVault.finance Unique?

The main way in which cVault.finance seeks to differentiate itself from other DeFi protocols is through its focus on deflationary yield farming. The project believes that minting new tokens to reward liquidity providers — a process carried out by many DeFi protocols — is unsustainable in the long term, as it devalues the token. It has referred to this form of incentivization as "flawed and short minded."

CVault.finance offers what it calls "deflationary farming" in which no new tokens are ever minted. Rather, a 1% fee is charged on token transfers, and the fees are used to reward liquidity providers. In addition, the protocol prevents the withdrawal of liquidity from Uniswap, which it says guarantees a stable market. These built-in measures, it argues, will ensure the sustainability of the platform.

The cVault.finance development team receives 7% of token transfer fees, while the remaining 93% is redistributed as rewards to liquidity providers.

Learn more about UNI, the governance token of the Uniswap platform.

Learn about yearn.finance, a DeFi project that skyrocketed in popularity in 2020.

Interested in using Uniswap yourself? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on DeFi, yield farming and more with the CoinMarketCap Blog.

How Many cVault.finance (CORE) Coins Are There in Circulation?

CVault.finance has a fixed supply of 10,000 tokens. All 10,000 CORE was minted in September 2020 during the project's initial seven-day "liquidity generation event," or LGE, during which participants contributed over 3,759 Ether (ETH) — valued at $1.41 million at the time — that was used to create a CORE/ETH Uniswap liquidity pool, with contributors receiving liquidity pool tokens. A second LGE was held in October 2020, this time accepting Wrapped Bitcoin (WBTC) and receiving over $5 million in value. The project plans to hold a third event centered around a stablecoin.

Unlike typical Uniswap pairs, these LP tokens cannot be redeemed for their underlying asset, thus permanently locking liquidity into the protocol. This has led to the creation of a secondary market where users trade LP tokens for other assets. The development team of cVault.finance has also stated that this results in a so-called "price floor," meaning that CORE can never drop below a certain price.

According to cVault.finance, the development team does not receive any CORE tokens as a part of its LGEs.

How Is the cVault.finance Network Secured?

CORE is an ERC-20 token — although it has proposed a new ERC-95 standard — meaning that it relies on the Ethereum blockchain to validate CORE transactions. Ethereum uses a proof-of-work consensus algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

According to co-founder X 3, because cVault.finance's liquidity generation events use open-source smart contracts and liquidity is permanently locked in Uniswap, there is no way for the developers to carry out a "rug-pulling" event in which the development team makes off with users' funds — thus making it more secure than other DeFi projects.

The project's smart contract was audited in October 2020 by blockchain software development and security consulting company The Arcadia Group. The firm found that while there were no critical security flaws that required immediate attention, there were some fixes that could be implemented to improve security.

The cVault.finance team also announced in October 2020 that it was offering a $50,000 bug bounty for community members who find flaws in its upcoming changes to its code.

Where Can You Buy cVault.finance (CORE)?

CORE is primarily exchanged on Uniswap (V2), although it is also listed on Bilaxy and Hotbit. It can be traded against Ether, WETH (WETH), Tether (USDT) and Bitcoin (BTC).

Are you interested in buying CORE or other cryptocurrencies such as BTC? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

How do you feel about cVault.finance today?

Vote to see community results

cVault.finance News

Read more