Buy Conic (CNC)
What is Conic?
Conic, with the symbol CNC, is a decentralised finance (DeFi) protocol designed to facilitate liquidity providers on Curve Finance. The protocol enables users to earn yields from various liquidity pools specific to stablecoin exchanges, thereby diversifying their financial exposure.
How does Conic work?
Conic operates by leveraging blockchain technology, particularly the Ethereum blockchain, to manage liquidity pools and execute smart contracts for allocating funds across the Curve protocol. Users can provide liquidity into a Conic Omnipool that distributes funds according to pool weights controlled by the protocol. Conic aims to enhance security through encrypted transactions, with additional layers introduced in the Conic v2 update.
What are the potential use cases for Conic?
Conic offers several use cases, including liquidity provision across multiple Curve pools, yield farming optimisation, and risk management. It also supports decentralised governance through the $vlCNC token, allowing users to participate in decision-making processes related to liquidity allocation and protocol management.
What is the history of Conic?
Conic was officially launched on March 1, 2023, following a community-led funding initiative. Significant milestones include attracting substantial liquidity and achieving a market capitalisation of $32 million. The protocol underwent a notable update with the release of Conic v2, which introduced new features to increase security and efficiency in managing liquidity pools.
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Frequently Asked Questions (FAQs)
What is the current price of Conic (CNC)?
The Conic price is $0.44513327 AUD, representing a +2.66% from the day prior.
Where is the best place to buy Conic (CNC) in Australia?
The best place to buy Conic (CNC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Conic (CNC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Conic (CNC)?
The trading volume of Conic (CNC) is $97.4K AUD in the last 24hrs, representing a +2.66% from the day prior.
How can I buy Conic (CNC)?
Conic (CNC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Conic (CNC)?
The current market cap of Conic (CNC) is $2.8M AUD.
Can I convert Conic (CNC) to cash?
Yes - With Coinstash you can convert your Conic (CNC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Conic (CNC) are there?
The current circulating supply of Conic (CNC) is 6.2M.
Is Coinstash a safe place to buy Conic (CNC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Conic (CNC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.