Convex Finance

CVX Rank #190

$2.27▼ 1.52%24h

Low $2.21High $2.38

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Market cap$210.87MRank #190

Fully diluted value$226.66M

Volume (24h)$8.74MVol / Mcap 4.14%

Circulating supply93.19M93.2% of max

Total supply99.99M

Max supply100.00M

All-time high$60.09Jan 1, 2022

All-time low$1.04Jul 1, 2026

What is Convex Finance?

Liquidity incentive mechanism

Convex collects liquidity-provider deposits and stakes them in supported external protocols. Its accumulated vote-escrow positions influence reward distribution in Curve and Frax. Depositors receive the rewards associated with their positions under Convex's contracts. The platform also distributes CVX incentives in relation to CRV earned.

CVX and vote locking

CVX is an Ethereum token with a maximum supply of 100 million. Its allocation includes liquidity-mining rewards, the treasury, contributors, investors and an airdrop. Staked CVX participates in the platform's fee distributions. Vote locking produces vlCVX voting power. The lock lasts at least 16 weeks, with the effective expiry aligned to the protocol's epochs. Locked holders can divide their gauge votes among eligible pools.

Governance and reward assets

Curve gauge weights determine how CRV emissions are divided between pools. Convex passes its associated voting influence to vote-locked CVX participants. Votes are collected through Snapshot, and a multisignature executes the resulting external votes. Portions of platform rewards are represented by cvxCRV and cvxFXS. These assets track Convex's locked positions in the underlying systems. Transactions involving CVX contracts use Ethereum for settlement and gas.