ATH Market Cap
24 Trade Vol.
Vol. (24h) / MCap
(82% of Max Supply)
2 Jun 2021
All Time High
1 Jan 2022
All Time Low
20 Jul 2021
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.
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:
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:
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'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.