# Tokenomics

## cvxCRV (Tokenized veCRV) <a href="#ede8" id="ede8"></a>

* 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**).&#x20;

## 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**).&#x20;

## cvxPrisma (Tokenized vePrisma)

* Tokenized deposits, minted 1:1 for each **Prisma** locked in the platform.
* Stake to receive platform fees (**mkUSD**, **Prisma**).&#x20;

## Convex Token (CVX) <a href="#fb3b" id="fb3b"></a>

* 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.&#x20;
  * **CVX** / **CRV** mint ratio reduces every 100k **CVX**
  * **CVX** Mint formula/code [here](https://docs.convexfinance.com/convexfinanceintegration/cvx-minting)

![](https://2181409797-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MXUXhi90m2Jg6S04DpE%2F-MbbBa4dR0CIVYaBDq0j%2F-MbbBcDAVBmiSfR6VXde%2Fimage.png?alt=media\&token=8bd337ae-bd98-48d8-aff7-b91bd3bab99c)

### Distribution <a href="#id-3f68" id="id-3f68"></a>

* Max Supply: 100 million
* 50% Curve LP rewards\
  \&#xNAN;*Rewarded pro-rata for CRV received on Convex*
* 25% Liquidity mining\
  \&#xNAN;*Distributed over 4 years. (Incentive programs, currently CVX/ETH and cvxCRV/CRV)*
* 9.7% Treasury\
  \&#xNAN;*Vested over 1 year. Used for future incentives or other community driven activities*
* 1% veCRV holders\
  \&#xNAN;*Instantly claimable airdrop*
* 1% veCRV holders who vote to whitelist Convex\
  \&#xNAN;*Instantly claimable airdrop*
* 3.3% Investors\
  \&#xNAN;*Vested over 1 year. 100% of investment funds used to pre-seed boost and locked forever(no cvxCRV minted).*
* 10% Convex Team\
  \&#xNAN;*Vested over 1 year*

![](https://2181409797-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MXUXhi90m2Jg6S04DpE%2F-MZX640zP-mr73tSLWvG%2F-MZX6IZVib5p7SXjLwxp%2Fcvx_2104230_comms_blog_token-allocation-forblog.png?alt=media\&token=cd263784-affb-4d49-b37e-db9e425f0cc2)