Convex Finance 

CVX Price

What is the Convex Finance coin?

Convex Finance is a decentralized finance (DeFi) protocol on Ethereum that lets Curve Finance liquidity providers and CRV stakers earn boosted Curve rewards without locking CRV themselves. Depositors receive cvxCRV, a receipt token that accrues boosted CRV rewards plus Curve trading fees. Beyond Curve, Convex Finance boosts rewards for Frax, Prisma and f(x)/Resupply, making it a yield-aggregation layer for Curve-ecosystem liquidity.

How does Convex Finance work?

Convex Finance pools deposited CRV into a single position and vote-locks it as veCRV. That pooled position captures the maximum Curve reward boost, which an individual staker cannot reach without locking CRV for four years. Depositors receive cvxCRV in return, and the receipt token accrues boosted CRV rewards plus a share of Curve trading fees. Convex Finance applies the same pooled-boost model to Frax, Prisma and f(x)/Resupply pools.

What is the CVX token used for?

CVX stakers earn a share of Convex platform revenue, distributed in cvxCRV. Vote-locking CVX produces vlCVX, which carries governance weight over gauge distributions on Curve, Frax, f(x) and Resupply. CVX is an ERC-20 token on Ethereum at contract 0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b, verifiable on Etherscan, with a wrapped representation on Solana.

How is the CVX token supply allocated?

Per DropsTab data, CVX has a fixed maximum supply of 100,000,000 CVX, equal to total supply. The largest buckets go to liquidity participants: Curve LP Rewards at 50% and liquidity mining at 25%. The Convex team holds 10%, the treasury 9.7%, investors 3.3%, and two veCRV holder buckets 1% each. Team plus investors represent about 13.3% of supply, so most tokens flow to liquidity providers rather than insiders.

What did the CVX TGE distribution look like?

The CVX token generation event took place on May 17, 2021. Per DropsTab data, both veCRV buckets unlocked in full that day, 2 million CVX combined, alongside initial tranches of liquidity mining (510,000), team (770,000), treasury (746,900) and investors (254,100). Ongoing distribution ran through liquidity-mining programs that paid CVX incentives to CVX/ETH and cvxCRV/CRV liquidity providers. Those programs are completed distribution rounds.

How does the CVX unlock schedule work?

Per DropsTab vesting data, the schedule holds about 90 unlock events: monthly releases of roughly 510,208 CVX from liquidity mining, 769,167 from the team, 746,092 from the treasury and 253,825 from investors. Investor tokens completed their one-year vest around May 2022. Liquidity mining emitted its 25% bucket over about four years from launch, so headline emission-driven inflation sits largely behind the schedule. Remaining unlock pressure comes from team and treasury releases.

Who invested in Convex Finance?

The project's only documented raise was a private sale of 3,300,000 CVX, vested over one year. Convex documentation states that 100% of the investment funds were used to pre-seed boost and locked forever, with no cvxCRV minted against them. The documentation and the round recorded on DropsTab name no participating investors, and no pre-sale valuation is recorded.

Where can CVX be traded?

Per DropsTab data, CVX trades across 40+ markets spanning spot, derivatives and DEX venues. Tier-1 centralized exchanges include Binance (CVX/USDT, CVX/USDC), Coinbase (CVX/USD), Kraken (CVX/USD, CVX/EUR), OKX and KuCoin. Perpetual futures trade on Binance, Bybit, OKX, KuCoin and Kraken. On-chain, Uniswap v3 and v4 host CVX/CRV, CVX/WETH and stablecoin pairs, plus a Sushiswap CVX/WETH market. Deep tier-1 spot and perp coverage keeps liquidity risk low.