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Fees

Convex Finance Fee Structure

Convex for Curve

There is a 17% total fee on all CRV revenue generated by Curve LP's on our platform.
  • 10% goes to cvxCRV stakers. This is paid out as CRV.
  • 5% goes to CVX stakers, which includes vote-locked CVX. This is paid out as cvxCRV.
  • 1% goes exclusively to vote-locked CVX. This is paid out as cvxCRV.
  • 1% 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

There is a 17% total fee on all CRV revenue generated by Curve LP's on our platform.
  • 10% of all FXS earnings will be distributed to cvxFXS LPs as FXS
  • 7% of all FXS earnings will be distributed to vlCVX holders, as cvxFXS
    • 1% of the combined 17% 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.

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%.