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Convex Finance
CVX

$2.41
Market Cap
+1.43% $232,477,497
Fully diluted market cap
$240,710,350
Circulating supply
96,375,322 CVX
Total supply
96,375,322 CVX
Max. supply
-
Volume 24h
-1.81% $47,590,412
Volume/Market cap (24h)
+20.47%

Ratings

Average ratings from the community
4.5
81 Ratings
Average ratings from the community
This content is for informational purposes only

logo
Convex Finance
CVX

$2.41
1D
7D
1M
3M
1Y
ALL
Market Cap
+1.43% $232,477,497
Fully diluted market cap
$240,710,350
Circulating supply
96,375,322 CVX
Total supply
96,375,322 CVX
Max. supply
-
Volume 24h
-1.81% $47,590,412
Volume/Market cap (24h)
+20.47%

CVX Price Calculator

CVX
USD
1 CVX equals $2.41 United States Dollar
Last updated 2024/11/21 11:00:09 (UTC)

Ratings

Average ratings from the community
4.5
81 Ratings
Average ratings from the community
This content is for informational purposes only

CVX Market

CVX Market Stats

24h Low & High
Lowest Price
$2.29
Highest Price
$2.64
All Time High
$62.68
Price Change(1h)
+1.43%
Price Change(24h)
-3.10%
Price Change(7d)
+23.73%

CVX Price Live Data

The live price of Convex Finance is $2.41 per (CVX/USD) today with 24-hour trading volume is $47.59M USD. CVX to USD price is updated in real-time. Convex Finance is -3.10% in the last 24 hours.

CVX Price Performance

24DAYS
$-0.10
-4.07%
30DAYS
$0.58
+31.96%
90DAYS
$0.0055
+0.23%
1YEAR
$-1.04
-30.19%

About Convex Finance (CVX)



Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.


## Who Are the Founders of Convex Finance?

Convex Finance was developed by a team of anonymous developers. However, unlike many shitcoins, Convex Finance is considered one of the most important and influential protocols in decentralized finance and thus a fairly low-risk investment.


## What Makes Convex Finance Unique?

Convex Finance plays a key role in the Curve wars thanks to its unique incentive structure. Its sole use case is to accumulate as much TVL as possible to achieve the protocol’s goal of controlling as big a stake of Curve Finance as it can. In other words, Convex Finance targets only CRV holders and Curve liquidity providers and does so in two ways:



1. CRV holders receive cvxCRV for staking the CRV.
2. Curve LPs receive boosted rewards for staking their LP tokens with Convex.

Curve Finance issues veCRV (vote-escrowed CRV) for staked CRV that liquidity providers receive as a reward. In short, veCRV are time-locked CRV tokens with boosted voting power and rewards, which are both a function of the lock-up period of the underlying CRV. You can read more about veCRV here. CRV rewards can go as high as 2.5X of the initial rewards, but the higher the liquidity deposited, the more difficult it is to attain the maximum rewards.

Put differently, it is nearly impossible for any one party to stake enough liquidity to attain the maximum boost, which is where Convex Finance comes in. Convex acts as a cartel that pools the assets of individual stakers and benefits from their aggregated liquidity. Even low-level investors can stake their Curve Finance LPs with Convex and receive boosted rewards that would otherwise not be attainable. They receive:



* The interest rate on their provided liquidity.
* A share of the Curve trading fees.
* The boosted rewards from Convex.
* CVX tokens

Furthermore, you can stake your CRV tokens and receive cvxCRV to receive:



* veCRV rewards
* Convex trading fees
* CVX tokens
* Airdrops going to veCRV token holders


## Related Pages:

Check out Solidly Exchange (SOLID) — a B2B stablecoin exchange.

Check out Redacted Cartel (BTRFLY) — a DAO offering rewards for CRV LP tokens.

Read our Guide to Crypto Donations.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.


## How Many Convex Finance (CVX) Coins Are There in Circulation?

CVX has a total supply of 100 million CVX according to the following distribution:



* 50% Curve LP rewards _Rewarded pro-rata for CRV received on Convex_
* 25% Liquidity mining _Distributed over four years. (Incentive programs, currently CVX/ETH and cvxCRV/CRV)_
* 9.7% Treasury _Vested over one year. Used for future incentives or other community driven activities_
* 1% veCRV holders _Instantly claimable airdrop_
* 1% veCRV holders who vote to whitelist Convex _Instantly claimable airdrop_
* 3.3% Investors _Vested over one year. 100% of investment funds used to pre-seed boost and locked forever(no cvxCRV minted)._
* 10% Convex Team_ Vested over one year_

cvxCRV are minted at a 1:1 ratio for every CRV staked. CVX tokens can be used to participate in proposals in the Convex Finance protocol.


## How Is the Convex Finance Network Secured?

Convex was audited by MixBytes, and the results can be found here. Its treasury is secured by a 3 of 5 multisig consisting of the following parties:



* C2tP - Convex Finance
* Winthorpe - Convex Finance
* Charlie - Curve Finance
* Tommy - Votium
* Sam - Frax Finance

However, a bug in one of the smart contracts at the beginning of March 2022 forced the team to re-deploy the vote-locking contract and caused a price drop in CVX.


## Where Can You Buy Convex Finance (CVX)?

CVX is available on Binance, OKX, Bitget, Mandala Exchange, and Hotcoin Global.

CVX To Local Currency

Last updated 2024/11/21 00:00:03 (UTC)

How To Buy Convex Finance

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Convex Finance and help you discover other cryptocurrencies similar to Convex Finance.

FAQ

Q
What is the current price of Convex Finance?
A
We update our Convex Finance to USD price in real-time. Get the live Price of Convex Finance on CoinMapAi.
Q
What is the 24 hour trading volume of Convex Finance?
A
Over the last 24 hours, the trading volume of Convex Finance is $47.59M.
Q
What is the all time high of Convex Finance?
A
The all-time high of Convex Finance is $62.68. This all-time high is highest price paid for Convex Finance since it was launched.
Q
Where can I buy Convex Finance?
A
Convex Finance can be purchased on multiple centralized exchanges. Please check our buying guide: buy Convex Finance guide.
Cryptocurrency investment activities, including actions done to buy Convex Finance online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Convex Finance instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Convex Finance purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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