Convex Finance is a decentralized protocol on Ethereum that enables Curve Finance liquidity providers and stakers to boost their CRV rewards while keeping their CVX tokens liquid. CVX is the name and ticker symbol of Convex Finance's native governance.

When a user sends CRV to Convex Finance, the deposited tokens are locked forever on the platform as veCRV. The protocol then tokenizes veCRV into cvxCRV at a 1:1 rate and returns cvxCRV to the user. The tokens can then be used for staking and providing liquidity to earn rewards.

Easily buy CVX tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is CVX/USDT . You can also swap your existing cryptocurrencies, including XRP (XRP) , Cardano (ADA) , Solana (SOL) , and Chainlink (LINK) , for CVX with zero fees and no price slippage by using OKX Convert .

Convex Finance price

CVX

3.4/5

CyberScope

4.0

05/09/2024

TokenInsight

2.8

09/11/2023

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USD

$2.5628

+1.90%

24h

All

Convex Finance price live data

The current price of Convex Finance is $2.5628. Since 00:00 UTC, Convex Finance has increased by +1.91%. It currently has a circulating supply of 81,990,704 CVX and a maximum supply of 100,000,000 CVX, giving it a fully diluted market cap of $210.06M. At present, Convex Finance holds the 160 position in market cap rankings. The Convex Finance/USD price is updated in real-time.

Convex Finance price performance in USD

Time period	Change amount	%Chg
Today	$0.048015	+1.90%
7 days	$0.054794	+2.18%
30 days	-$1.1512	-31.00%
3 months	-$0.65121	-20.27%

Convex Finance market information

24h low$2.4718

Last price $2.5628

24h high$2.5878

Heat index ranking

240

Market cap ranking

160

Market cap

$210.06M

0.29%

All-time high

$62.8000

-95.92% (-$60.2372)

Jan 2, 2022 (2 years ago)

All-time low

$2.0900

+22.62% ($0.47279)

Apr 14, 2024 (3 weeks ago)

ICO date

05/18/2021

81,990,704 CVX

$256.20M

About Convex Finance (CVX)

Convex Finance is a leading DEX liquidity pool on Ethereum that allows Curve Finance liquidity providers (LP) and stakers to earn boosted CVX and CRV, Curve DAO's native token. MixBytes audited Convex Finance before its launch to maximize security. CVX is the name and ticker symbol of Convex Finance's native platform token.

Convex Finance maintains the liquidity of all assets while maximizing rewards. Curve LP tokens earn users trading fees, CRV, and liquidity mining incentives in CVX. At the same time, CRV stakers get a share of the boosted CRV, CVX tokens, and Curve's trading fees. Curve LP tokens can be withdrawn at any time.

Additionally, users can provide liquidity to the cvxVRV/CRV and CVX/ETH liquidity pools on the SushiSwap decentralized exchange and earn SUSHI LP tokens. SUSHI LP tokens earned can be staked on Convex to earn liquidity provider rewards in CVX. With CVX, users will earn a share of Curve LP's CRV earnings. Likewise, users who stake CVX will receive cvxCRV fees. Finally, CVX holders can vote on protocol decisions.

CVX price and tokenomics

Convex Finance has a maximum supply of 100 million CVX tokens. 50% of the CVX supply is reserved as Curve LP rewards on Convex Finance. The protocol mints CVX proportional to each CRV token claimed by Curve LPs on Convex Finance. The CVX/CRV mint ratio reduces every 100,000 CVX, thus impacting CVX price.

25% of the CVX supply is reserved for liquidity mining, 9.7% is allocated to the Convex Finance treasury, 3.3% for investors, and 10% will go to the Convex Finance team. The treasury, investor holdings, and Convex Finance team tokens will follow a one-year vesting schedule. As vesting tokens are unlocked, CVX price charts will be impacted. The remaining 2% of tokens is airdropped to veCRV holders.

About the founders

Convex Finance was launched in May 2021 and is supported by the Curve Finance team. Additionally, convex Finance has partnerships with Frax Finance, BadgerDAO, and Zerion, which allows users to track Convex Finance positions on their platform.