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 a portion of fees one would get for staking their veFXN on Prisma Finance, as FXN.
Additionally, users staking cvxFXN may receive the platform native token CVX.
Last updated