Fees
Convex Finance Fee Structure
Convex for Curve
There is a 17% total fee on all CRV revenue generated by Curve LP's on the platform.
10% goes to cvxCRV stakers. This is paid out as CRV.
4.5% goes to CVX stakers. This is paid out as cvxCRV.
2% goes to treasury, which is used to obtain cvxCRV.
0.5% goes to the harvest caller. This is paid out as CRV.
Notes
Fees are taken only from CRV revenue; no fees are taken from tokens from incentivized Curve pools, nor from veCRV admin fees
Fees paid as cvxCRV remain CRV tokens while sitting in the rewards contract, until users claim their rewards individually. At the moment the user claims, the CRV tokens are locked in Convex Finance as veCRV; cvxCRV is minted 1:1, and then paid out to the user.
Convex for Frax
FXS
There is a 20% total fee on all FXS revenue generated by Frax LP's on the platform.
10% of all FXS earnings will be distributed to cvxFXS LPs as FXS
5% of all FXS earnings will be distributed to vlCVX holders, as cvxFXS
5% goes to treasury, which is used to obtain cvxFXS.
0-1% of the combined 20% fee is then taken for harvest caller.
Notes
Fees paid as cvxFXS remain FXS tokens while sitting in the rewards contract, until users claim their rewards individually. At the moment the user claims, the FXS tokens are locked in Convex Finance as veFXS; cvxFXS is minted 1:1, and then paid out to the user.
FPIS
Fees from FPIS earnings are distributed to cvxFPIS stakers. At launch, Convex aims to retain 10-20% of FPIS earnings for allocations such as, but not exclusive to, the following:
Compound additional locked FPIS without increasing supply of cvxFPIS.
Potential incentives to LPs such as cvxFPIS / FPIS
Fee structure on the FPIS portion of the protocol will remain flexible, and may be increased or decreased over time before settling to a more defined fee structure later on. The fee flexibility aims to find a good balance that attempts to offer increased returns to cvxFPIS over native locking.
Notes
For FPIS, Convex fees are derived from the base fee earnings on veFPIS.
FXN
Fees from FXN earnings are distributed to cvxFXN stakers. At launch, Convex aims to retain 20% of FXN earnings for allocations such as, but not exclusive to, the following:
Compound additional locked FXN without increasing supply of cvxFXN.
Potential incentives to LPs such as cvxFXN / FXN
Fee structure on the FXN portion of the protocol will remain flexible, and may be increased or decreased over time before settling to a more defined fee structure later on. The fee flexibility aims to find a good balance that attempts to offer increased returns to cvxFXN over native locking.
Notes
For FXN, Convex fees are derived from the base fee earnings on veFXN.
Fee Ranges
Fees can be adjusted between hard-coded ranges.
Curve Fee Parameter Ranges
10-15% for cvxCRV stakers rewards
3-6% for CVX staker rewards
0-2% for "treasury" fees. (This is an arbitrary address that can be used for various functions, thus the low limit of 2%)
0.1 - 1.0% for "caller" fees. Gas reimbursement for calling gas heavy functions to harvest and distribute rewards.
There is an absolute fee ceiling of 20%
Frax Fee Parameter Ranges
0-20% for cvxFXS / FXS LP staker rewards
0-20% for cvxFXS to vlCVX
0-20% for platform fees
0-1% for harvest caller.
There is an absolute fee ceiling of 20%.
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