Market cap
$194.36M
-0.93 %
Volume (24h)
$5.28M
-0.93 %
Circulating supply
81,990,704 CVX
Total supply
99,923,902 CVX
Max. supply
100,000,000 CVX
Convex Finance (CVX)
$ 2.09
-0.93 %
Main info
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Key data
updated $0Market cap$194.36M
Volume 24h$5.28M
Circulating supply81.99M82% of max 100M
All-time high$60.09-97% from peak · 2022-01-01
Convex Finance (CVX) is a DeFi protocol built on top of Curve, an Ethereum-based exchange focused on stablecoins and similar low-volatility assets. In plain terms, it lets users earn Curve's boosted rewards without locking up their CRV tokens long-term — Convex does the locking at scale and passes most of the benefits back. Its native token, CVX, acts as the governance token used to steer reward emissions across Curve pools.
Frequently asked questions
What is Convex Finance, and how is it different from Curve?
Curve is the exchange itself, while Convex is a reward-boosting layer built on top of it. Curve gives extra rewards to users who lock CRV for veCRV, but that lock is long and illiquid; Convex pools deposits, holds veCRV at scale, and passes boosted earnings back to participants in liquid form. The two complement each other rather than compete.
How does Convex Finance actually work under the hood?
Convex is not a standalone blockchain — it's a set of smart contracts on Ethereum, so its security comes from Ethereum's proof-of-stake network. Users deposit Curve LP tokens or CRV and receive liquid Convex receipts (such as cvxCRV) that keep earning a share of fees and emissions. The protocol also vote-locks its own CVX (vlCVX) to direct Curve gauge rewards toward pools its users benefit from.
How is CVX issued, and is the supply limited?
Yes — CVX has a hard cap of 100,000,000 tokens, so the supply can never exceed that number. New tokens were emitted on a declining schedule, with rewards stepping down over time rather than flowing at a constant rate, split mainly between liquidity providers and the treasury. The fixed ceiling makes the maximum possible supply fully predictable.
How do I store and use CVX?
CVX is a standard ERC-20 token, so any Ethereum-compatible wallet works — browser wallets like MetaMask or Rabby, or a hardware wallet such as Ledger for stronger security. Beyond holding, you can vote-lock CVX into vlCVX for up to about 16 weeks to take part in governance votes, or use it as liquidity on DeFi platforms. Always verify contract addresses and interact only with the official app to avoid scams.