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General Information
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Tokenomics
cvxCRV (Tokenized veCRV)
- Tokenized deposits, minted 1:1 for each CRV locked in the platform.
- Stake to receive platform fees(CRV), CVX, and veCRV rewards(3Crv).
Convex Token (CVX)
- Stake to receive a share of platform fees as cvxCRV.
- In the future, CVX will be used for voting, such as gauge weights.
- CVX is minted pro-rata for each CRV token claimed by Curve LP's on Convex.
- CVX / CRV mint ratio reduces every 100k CVX
Distribution
- Max Supply: 100 million
- 50% Curve LP rewards Rewarded pro-rata for CRV received on Convex
- 25% Liquidity mining Distributed over 4 years. (Incentive programs, currently CVX/ETH and cvxCRV/CRV)
- 9.7% Treasury Vested over 1 year. Used for future incentives or other community driven activities
- 1% veCRV holders Instantly claimable airdrop
- 1% veCRV holders who vote to whitelist Convex Instantly claimable airdrop
- 3.3% Investors Vested over 1 year. 100% of investment funds used to pre-seed boost and locked forever(no cvxCRV minted).
- 10% Convex Team Vested over 1 year
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