# Understanding cvxFXS ![](https://2181409797-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MXUXhi90m2Jg6S04DpE%2Fuploads%2FWpzjH8d0hYzoWVz2b1v0%2Fimage.png?alt=media\&token=dadefbf1-6463-4377-9924-9ad1027d943f) ### cvxFXS is tokenized veFXS * If a user deposits **FXS** into Convex, that **FXS** is locked forever on the platform as **veFXS**. * A tokenized version of **veFXS**, **cvxFXS**, is returned to the user at a 1:1 rate. * **cvxFXS conversion is 1-way.** Liquidity pools may exist that allow users to swap **cvxFXS** for **FXS** tokens. ### cvxFXS Staking * **cvxFXS** can be staked on Convex to receive fees one would get for staking their **veFXS** on Frax, as **FXS**. * Additionally, users staking **cvxFXS** may receive **FXS** from Convex staking fees as well as the platform native token **CVX**. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.convexfinance.com/convexfinance/general-information/convex-for-frax-finance/understanding-cvxfxs.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.