Ctrlk
For the complete documentation index, see llms.txt. This page is also available as Markdown.

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.

PreviousConvex for FX ProtocolNextVoting and Governance

Last updated

Was this helpful?