CLever Token
Crypto Overview
Purpose and Utility
CLever Token (CLEV) is a cryptocurrency that serves as the governance token for CLever, a DeFi protocol built on the Ethereum blockchain. The protocol aims to provide leveraged exposure to Convex Finance's native token (CVX) through its cvxCLEV token and offers vote-escrowed CLEV (veCLEV) for protocol governance.
Business Model
The platform allows users to participate in governance decisions and earn rewards through staking. The protocol's main utility comes from providing leveraged exposure to CVX tokens and governance rights. Users who stake CLEV receive veCLEV, which grants voting power over protocol parameters and fee distribution.
Real-World Adoption
CLever has maintained active development and community engagement since its launch. The protocol has integrated with major DeFi platforms like Convex Finance and has demonstrated consistent usage for its intended purposes of governance and leveraged exposure.
Platform Development
The project maintains regular development activity with ongoing protocol improvements and updates. The team has consistently delivered on their roadmap items and maintains transparent communication through their documentation and social channels.
Token Distribution
The token distribution includes allocations for community incentives, team members, and protocol treasury. There are vesting schedules in place for team tokens to ensure long-term alignment of interests.
Crypto Impact
To assign a comfort level investing in CLever Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to CLever Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.