CVX

Convex FinanceCVX

Rank #98
Token
On 43,934 watchlists

Convex Finance Price (CVX)

$3.96
4.19%

0.0002431 BTC4.93%

0.003346 ETH5.45%

Low:$3.90
High:$4.17
24h
CVX  Convex Finance CVX
Price:
$3.96
 4.19%
Market Cap
$284,099,273
4.17%
Market Cap / TVL Ratio
0.09545
24h Volume / Market Cap
0.0305
Fully Diluted Market Cap
$395,852,174
4.19%
Total Value Locked (TVL)
$2,976,437,262
Volume
24h
$8,674,263
37.54%
CEX Vol
$7,056,260.91
DEX Vol
$1,618,002.54
Circulating Supply
71,769,031.78 CVX
72%
Max Supply
100,000,000
Total Supply
96,135,850

Convex Finance to USD Chart

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CVX to USD Converter

CVX

Convex Finance

USD

United States Dollar

CVX Price Statistics

Convex Finance Price Today
Convex Finance Price$3.96
Price Change24h-$0.1732
4.19%
24h Low / 24h High
$3.90 /
$4.17
Trading Volume24h$8,674,263.45
37.54%
Volume / Market Cap0.03053
Market Dominance0.03%
Market Rank#98
Total Value Locked (TVL)$2,976,437,262
Convex Finance Market Cap
Market Cap$284,099,272.80
4.17%
Fully Diluted Market Cap$395,852,174.33
4.19%
Convex Finance Price Yesterday
Yesterday's Low / High
$3.93 /
$4.33
Yesterday's Open / Close
$4.28 /
$3.95
Yesterday's Change

7.65%

Yesterday's Volume$8,592,301.87
Convex Finance Price History
7d Low / 7d High
$3.50 /
$4.47
30d Low / 30d High
$3.48 /
$8.34
90d Low / 90d High
$3.48 /
$8.34
52 Week Low / 52 Week High
$3.12 /
$62.69
All Time High
Jan 01, 2022 (a year ago)
$62.69
93.69%
All Time Low
Jul 20, 2021 (a year ago)
$1.88
110.37%
Convex Finance ROI
No Data
Convex Finance Supply
Circulating Supply71,769,032 CVX
Total Supply96,135,850 CVX
Max Supply96,135,850 CVX

CVX to USD Converter

CVX

Convex Finance

USD

United States Dollar

CVX Price Live Data

The live Convex Finance price today is $3.96 USD with a 24-hour trading volume of $8,674,263 USD. We update our CVX to USD price in real-time. Convex Finance is down 4.19% in the last 24 hours. The current CoinMarketCap ranking is #98, with a live market cap of $284,099,273 USD. It has a circulating supply of 71,769,032 CVX coins and a max. supply of 100,000,000 CVX coins.

If you would like to know where to buy Convex Finance at the current rate, the top cryptocurrency exchanges for trading in Convex Finance stock are currently Binance, CoinW, MEXC, OKX, and Bitrue. You can find others listed on our crypto exchanges page.

What Is 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

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 USD Converter

CVX

Convex Finance

USD

United States Dollar

CVX Price Statistics

Convex Finance Price Today
Convex Finance Price$3.96
Price Change24h-$0.1732
4.19%
24h Low / 24h High
$3.90 /
$4.17
Trading Volume24h$8,674,263.45
37.54%
Volume / Market Cap0.03053
Market Dominance0.03%
Market Rank#98
Total Value Locked (TVL)$2,976,437,262
Convex Finance Market Cap
Market Cap$284,099,272.80
4.17%
Fully Diluted Market Cap$395,852,174.33
4.19%
Convex Finance Price Yesterday
Yesterday's Low / High
$3.93 /
$4.33
Yesterday's Open / Close
$4.28 /
$3.95
Yesterday's Change

7.65%

Yesterday's Volume$8,592,301.87
Convex Finance Price History
7d Low / 7d High
$3.50 /
$4.47
30d Low / 30d High
$3.48 /
$8.34
90d Low / 90d High
$3.48 /
$8.34
52 Week Low / 52 Week High
$3.12 /
$62.69
All Time High
Jan 01, 2022 (a year ago)
$62.69
93.69%
All Time Low
Jul 20, 2021 (a year ago)
$1.88
110.37%
Convex Finance ROI
No Data
Convex Finance Supply
Circulating Supply71,769,032 CVX
Total Supply96,135,850 CVX
Max Supply96,135,850 CVX