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Clover Finance

CLV

4.4

Price
$0.0838
10/4/2022, 12:49:14 AM
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Market

Market stats

Market cap

$37.1M

Volume (24h)

$2.7M

Circulating supply

442.8M CLV

Typical hold time

4 days

Popularity

#151

All time high

$2.17

Price change (1h)

-0.24%

Price change (24h)

+1.45%

Price change (7d)

+0.48%

Trading activity

88% Buy0% Buy
12% Sell100% Sell

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Clover Finance is on the rise this week.

The price of Clover Finance has risen by 0.48% in the past 7 days. The price increased by 1.45% in the last 24 hours. In just the past hour, the price shrunk by 0.24%. The current price is $0.08375 per CLV. Clover Finance is 96.14% below the all time high of $2.17.

The current circulating supply is 442,756,349 CLV.

About

Clover Finance is a blockchain infrastructure platform that’s focused on cross-chain compatibility for DeFi applications. The CLV token is used to pay for Clover transactions and to vote for network upgrades. Clover also aims to enable interoperability between Bitcoin and other blockchains. Note: Coinbase currently supports CLV running on Ethereum (ERC-20).

What Is Clover Finance (CLV)?

Clover Finance (CLV) is a blockchain infrastructure platform that focuses on cross-chain compatibility of decentralized finance (DeFi) applications. CLV provides a seamless gateway without requiring any central intermediary. Clover also intends to allow interoperability, i.e., sharing of data and communication, between Bitcoin and other blockchains.

Today's decentralized financial networks are isolated in silos, unable to communicate with one another in a secure manner and genuinely trade value. As a result, custodial services are increasingly offering potentially harmful products, putting the broader ecosystem at risk. Handing over the management of assets to third parties goes against the spirit on which cryptocurrency was founded. Thus, as stated in the whitepaper, Clover provides a viable solution to this issue by utilizing SPV simulation technology. This technology enables easy cross-chain communication and trustless two-way pegs across Ethereum, Bitcoin, Polkadot, and more. This two-way peg, also known as 2WP, has been developed in-house by Clover and is a critical component of Clover’s architecture. It allows an asset to be transferred smoothly from one blockchain to another and vice versa. 

In addition to its cross-chain capabilities, Clover is building a basic layer for decentralized applications (DApps) to run smoothly. This is achieved with the execution of Substrate frameworks. Substrate is Polkadot'sfoundation layer, which provides a powerful framework for quickly building customized future-proof blockchains. Using Polkadot’s Substrate framework, developers may design blockchain logic in various popular programming languages rather than having to stick to just one primary language. DApps on Clover also benefit from a variety of Substrate-based developer tools like identity-based scripting abilities, many digital signatures (multi-sig), and more. These tools seek to enhance the overall protocol security of the application.

Besides that, Clover chain seeks to improve permissionless cross-chain interactions between Ethereum and Polkadot networks using EVM (Ethereum virtual machine)-based applications, a software platform used by developers to create decentralized applications on Ethereum.

Another prominent feature offered by Clover is that it supports a gasless transaction model to streamline the user experience. Therefore, consumers don’t need to pay high costs when the network is congested, alleviating some of the scalability issues. 

Additionally, Clover Finance is an open-source project decided by the entire community. Clover's native token, CLV, is a multi-purpose asset in its ecosystem. The token is used for voting on system upgrades as well as for governance purposes. 

History of Clover Finance (CLV)

Clover Finance was founded in 2020, and its cofounders include Viven Kirby, Norelle Ng, and Burak Keçeli. The whitepaper was released on April 5, 2021. 

Viven Kirby, an experienced enterprise resource planner, is Clover Finance's project manager. Norelle Ng has a previous background in human-computer interaction and is now working as an operations lead at Clover Finance. Similarly, Burak Keçeli is a well-known computer programmer working as Clover Finance's tech lead.

How to Stake CLV

Staking is the process of receiving rewards by holding certain cryptocurrencies. Cryptos that allow staking follow a consensus mechanism known as proof of stake, which is the way they ensure that all the transactions are verified and secured without an intermediary.

By staking CLV tokens, users can help secure the network. CLV tokens are also utilized to participate in the network consensus, platform rewards, transaction fees, and network governance via staking.

Users can choose from two ways to participate in the staking process and earn rewards. One way is to stake CLV tokens by running a validator node. And the other way is staking via a nominated validator. A validator node is essentially a node that verifies the information, ensures that it is correct, and then sends it on to other nodes. Nominators share the rewards gained by validators in the active set they nominated.

This way, users can participate in the network consensus. However, it is to be noted that staked tokens can be cut down if the validator node misbehaves. 

The more tokens staked, the higher reward payouts generated.

How Many CLV Tokens Are There?

The total supply of CLV tokens is capped at 1 billion CLV.

How to Buy CLV Tokens

Clover Finance (CLV) is available Coinbase. Users can buy it from Coinbase.com as well as Coinbase app.

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Social

Clover Finance on social media.

Clover Finance was mentioned in 78 out of 1,320,040 social media posts on Twitter and Reddit on Oct 02, 2022. 201 unique individuals are talking about Clover Finance and it is ranked #591 in most mentions and activity from collected posts.

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Key indicators

Contributors

201 people

Posts

78 posts

Dominance

0.01%

Volume rank

#591

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FAQ

What is the current price of Clover Finance?

The price of 1 Clover Finance currently costs $0.0838.

What is the market cap of Clover Finance?

The current market cap of Clover Finance is $37.06M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Clover Finance?

The all-time high of Clover Finance is $2.17. This all-time high is highest price paid for Clover Finance since it was launched.

What is the 24 hour trading volume of Clover Finance?

Over the last 24 hours, the trading volume of Clover Finance is $2.73M.

What other assets are similar to Clover Finance?

Assets that have a similar market cap to Clover Finance include GXChain, StreamCoin, XeniosCoin, and many others. To see a full list, see our comparable market cap assets.

How many Clover Finance are there?

The current circulating supply of Clover Finance is 443 million.

What is the typical holding time of Clover Finance?

The median time that Coinbase customers hold Clover Finance before selling it or sending it to another account or address is 4 days.

What is the relative popularity of Clover Finance?

Clover Finance ranks 92 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Clover Finance?

Currently, 88% of Coinbase users are buying Clover Finance. In other words, 88% of Coinbase customers have increased their net position in Clover Finance over the past 24 hours through trading.

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