Convex Finance

Convex tokenomics

Convex has three main tokens. Each one has a different purpose, risk profile and reward stream.

Convex tokenomics

● Live Convex data

CVX price

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Total value locked

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90-day change

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Data: DefiLlama · updates automatically

CVX

CVX is the protocol's governance and reward token with a maximum supply of 100 million. Most of it is emitted to liquidity providers alongside CRV rewards, with the rest allocated to treasury, team, investors and incentives.

Infographic · CVX minted per 1 CRV as supply grows
0.000.250.500.751.000M25M50M75M100M
↑ CVX per CRVTotal CVX supply (millions) →

cvxCRV

cvxCRV is created when you convert CRV into Convex. The CRV is locked permanently as veCRV, and you receive a liquid token in return. The conversion is one-way, but cvxCRV can be traded on a Curve pool.

vlCVX

vlCVX is CVX locked for 16 weeks. It cannot be transferred, but it gives voting power over how Convex directs its veCRV votes, and it earns a share of platform fees and vote incentives.

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