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logoConvex Finance (CVX)

A Yield Optimizer Built on Top of Curve Finance.
  • Convex Finance’s main utility is to increase user earnings by optimizing the gauge voting (boost) at Curve Finance for CRV distribution without requiring users to operate/decide on Curve Finance.
  • CVX is the native token of the project. The current use cases for CVX include:
    • Staking: Users can stake CVX tokens in the Convex Finance platform to receive a share of platform fees.
    • Liquidity Mining: Users can contribute CVX to liquidity pools outside of Convex Finance to earn liquidity mining rewards and a share of the DEX transaction fees (e.g. Sushiswap).
    • Voting: Users can lock CVX tokens in the Convex Finance platform to vote on the CRV emissions for Curve Finance gauges.
  • The project consists of the following major components working in conjunction:
    • Vote-escrowed CRV: Convex Finance locks all CRV deposited in the platform into Curve Finance and depositors receive cvxCRV, a tokenized version of veCRV.
    • Boosting: Utilizing the CRV deposited on its platform, Convex Finance boosts CRV emissions on all liquidity pools for Curve Finance liquidity pool stakers.
  • As at December 23rd 2021, the maximum and total token supply of CVX are 100,000,000 and 79,070,643 respectively. The current circulating supply is 42,703,004 (~42.70% of the maximum token supply).
  • Learn more about the token distribution of CVX here.