ConvexFinance
  • Welcome to Convex Finance
  • General Information
    • Convex for Curve.fi
      • Convex for CRV Stakers
      • Convex for Curve Liquidity Providers
      • Understanding cvxCRV
      • Voting and Gauge Weights
    • Convex for Frax Finance
      • Understanding cvxFXS
      • Understanding cvxFPIS
      • FPIS to FXS Migration
      • Convex for Frax Liquidity Providers
      • Voting and Gauge Weights
    • Convex for Prisma Finance
      • Understanding cvxPRISMA
      • Convex for PRISMA Boosts
      • Emission Votes and Gauge Weights
    • Convex for FX Protocol
      • Understanding cvxFXN
      • Voting and Governance
    • Tokenomics
    • Understanding CVX
      • Vote Locking
      • Vote Delegation
  • How-To Guides
    • Using Convex Finance
      • Staking Curve LP Tokens
      • Converting CRV + staking cvxCRV
      • Staking Frax LP Tokens
      • Staking CVX
      • Vote Locking CVX
    • Claiming Rewards
    • Claiming your Airdrop
  • FAQ
    • Platform Rewards: Current vs Projected APR
    • Contract Addresses
    • Fees
    • Risks
    • Audits
    • Convex Treasury
    • Multisig Admin Rights
    • Airdrops From Other Platforms
    • Bug Bounties
    • Known Issues
  • Links
  • Convex Finance
  • Blog
  • Github
  • Twitter
  • Curve.fi
  • Integration Docs
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  1. General Information
  2. Convex for FX Protocol

Understanding cvxFXN

Information regarding the cvxFXN and how to use it in Convex Finance

cvxFXN is tokenized veFXN

  • If a user deposits FXN into Convex, that FXN is locked forever on the platform as veFXN.

  • A tokenized version of veFXN, cvxFXN, is returned to the user at a 1:1 rate.

  • cvxFXN conversion is unidirectional. Liquidity pools may exist that allow users to swap cvxFXN for FXN tokens.

cvxFXN Staking

  • cvxFXN can be staked on Convex to receive the fees one would get for locking their veFXN on Protocol FX.

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Last updated 9 months ago

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