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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On this page
  • cvxCRV (Tokenized veCRV)
  • cvxFXS (Tokenized veFXS)
  • cvxFPIS (Tokenized veFPIS) - (Sunsetted)
  • cvxFXN (Tokenized veFXN)
  • cvxPrisma (Tokenized vePrisma)
  • Convex Token (CVX)
  • Distribution

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  1. General Information

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(crvUSD).

cvxFXS (Tokenized veFXS)

  • Tokenized deposits, minted 1:1 for each FXS locked in the platform.

  • Stake to receive platform fees (FXS).

cvxFPIS (Tokenized veFPIS) - (Sunsetted)

  • Tokenized deposits, minted 1:1 for each FPIS locked in the platform.

cvxFXN (Tokenized veFXN)

  • Tokenized deposits, minted 1:1 for each FXN locked in the platform.

  • Stake to receive platform fees (wstETH, FXN).

cvxPrisma (Tokenized vePrisma)

  • Tokenized deposits, minted 1:1 for each Prisma locked in the platform.

  • Stake to receive platform fees (mkUSD, Prisma).

Convex Token (CVX)

  • Stake to receive a share of platform fees as cvxCRV.

  • CVX is used for voting on proposals, such as gauge weights or protocol changes.

  • 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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Last updated 7 months ago

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CVX Mint formula/code

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