Currencies27531
Market Cap$ 2.08T+1.12%
24h Spot Volume$ 53.63B+4.80%
BTC Dominance49.02%-0.73%
ETH Gas37 Gwei
Cryptorank
CryptoRankCurrenciesConvex Finance
Report issue
Convex Finance

Convex Finance CVX Price $ 4.75

Rank: 174

607 Watchlists

DeFi

CVX Price

4.75
20.4%
($ 0.807)
Price Range
LowHigh
$ 3.88$ 4.85

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Description

Convex Finance is a platform built to boost rewards for CRV stakers and liquidity providers alike, all in a simple and easy to use interface.

Convex Finance (CVX) Chart

The Convex Finance to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

CVX to USD Converter

Convex Finance (CVX)CVX

CVX Price Statistics

leaderboard

Market Cap

$ 389.53M

FDMC

$ 475.09M

ATH Market Cap

$ 2.67B

24 Trade Vol.

$ 37.29M


Vol. (24h) / MCap

0.0957

Max Supply

CVX 100,000,000

Total Supply

CVX 99,421,085

Circulating Supply

CVX 81.99M

(82% of Max Supply)

Listing Date

2 Jun 2021

All Time High

$ 60.33

1 Jan 2022


All Time Low

$ 1.82

20 Jul 2021


From ATH

92.1%

From ATL

161.1%

Convex Finance Price Analysis

What is Convex Finance (CVX)?

Convex Finance is a DeFi protocol that was launched by a team of anonymous developers. The protocol is developed on top of Curve Finance and is built to help Curve.fi (CRV) liquidity providers and CRV stakers earn higher rewards.

What are Convex Finance’s key features and how does it work?

As mentioned, Convex Finance is built on top of the Curve Finance protocol, and the two are interlinked. Curve Finance rewards its liquidity providers with CRV, its governance token, as well as platform trading fees. CRV coins can then be staked for a certain period (a maximum of 4 years), and veCRV (vote-escrowed CRV) is given in return. The longer the period of staking, the higher the number of rewards received in veCRV.

There are various tokens at play on the platform. The first is Convex Token (CVX), which is the native token of the Convex Finance platform. Users can stake CVX and receive a portion of fees generated from the platform in the form of cvxCRV, this is in order to retain CRV in the system however, it can be swapped for CRV via the platform’s cvxCRV/CRV liquidity pool

CVX is also used for voting on the platform. Such votes include deciding how Convex Finance allocates gauge weight votes. CVX coins are minted in proportion to the number of CRV tokens claimed by Curve liquidity providers on Convex. The CVX-CRV mint ratio will reduce with every 100,000 CVX generated.

The other token is cvxCRV (Tokenized veCRV). This token is used for tokenized deposits, where cvxCRV is minted 1:1 for each CRV a user has locked in the Convex platform. This token can then be staked into the platform. Rewards are given in via CRV, CVX, and veCRV from trading fees and various other incentives. 

cvxCRV can also be contributed to SushiSwap’s cvxCRV/CRV liquidity pool. Those who do this can then stake the SUSHI LP token on Convex Finance and receive rewards in the form of CVX. This is in order to incentive current users to enter the CRV ecosystem with the help of SushiSwap directly by owning cvxCRV.

Convex Finance as a service has two main target audiences. These are CRV Stakers and Liquidity Providers

For CRV Stakers, Confex offers rewards with a share of boosted CRV on the Confex platform. They are entitled to:

  • Earn convex platform fees in CRV
  • Receive trading fees from the Curve platform (3CRV)
  • Receive liquid cvxCRV
  • Receive CVX rewards
  • Earn rewards in the form of veCRV airdrops including EPS

For Liquidity Providers on Curve, Confex Finance offers a different set of rewards. These allow LPs to earn without locking CRV themselves. They are entitled to boosted CRV incentives, thanks to users who lock CRV tokens on Convex, as well as:

  • Claim CRV with high boosts (without locking CRV)
  • Earn CRX rewards
  • No deposit or withdrawal fees
  • No fees on other incentive tokens (for example SNX)

Where can you buy CVX?

CVX is available to buy on the CEXs and DEXs as listed on the market tab here. Some of the most popular exchanges include SushiSwap, Binance, and ZB.com. The price of CVX will depend on the exchange listing, as well as market interest. 

For full and up-to-date information about CVX price, including historical price charts, please view the price data on this page.

Convex Finance Price Today

Convex Finance's current price is $ 4.75, it has increased +20.4% over the past 24 hours.

Convex Finance's All Time High (ATH) of $ 60.33 was reached on 1 Jan 2022, and is currently -92.1% down.

The current circulating supply of Convex Finance is 81.99 Million tokens, and the maximum supply of Convex Finance is 100.00 Million.

Convex Finance’s 24 hour trading volume is $ 37.29 Million.

Convex Finance's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 389.53 Million.

Trending Coins and Tokens