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Understanding CVX
CVX token, and how it fits in the Convex platform

CVX is the native platform token for Convex Finance.

    CVX can be staked on Convex Finance to earn a share of Curve LP's CRV earnings.
    Staked CVX will receive its portion of the fees as cvxCRV (tokenized veCRV). This is to keep CRV in the system building boost, but users can trade out their cvxCRV through the cvxCRV/CRV liquidity pool.
    Convex CRV fees that would be returned to CVX stakers are locked in veCRV, and tokenized as cvxCRV and given to the CVX stakers.
    CVX is used for voting on how Convex Finance allocates it's veCRV towards Curve.fi gauge weight votes. Users must vote-lock their CVX tokens in order to participate. Full details on the "Voting and Gauge Weights" page

Obtaining CVX tokens

    CVX is rewarded to CRV stakers and Curve.fi liquidity pools pro-rata to CRV generated by the platform. If you are in a high CRV rewards liquidity pool you will receive more CVX for your efforts.
    CVX is also distributed to cvxCRV/CRV and CVX/ETH LPs that stake their LP tokens on the Convex platform through a Masterchef staking rewards contract.
Last modified 1mo ago