CVX

Convex Finance price

CVX
|
3.3/5
CyberScope
3.9
05/24/2024
TokenInsight
2.7
09/11/2023
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
Show more
USD
USD
$2.7181
+2.06%
1h
24h
1W
1M
1Y
All

Convex Finance price live data

The current price of Convex Finance is $2.7181. Since 00:00 UTC, Convex Finance has increased by +2.07%. 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 $222.85M. At present, Convex Finance holds the 137 position in market cap rankings. The Convex Finance/USD price is updated in real-time.

Convex Finance price performance in USD

Time periodChange amount%Chg
Today$0.055001 +2.06%
7 days$0.36005 +15.26%
30 days-$0.10995 -3.89%
3 months-$2.1829 -44.55%

Convex Finance market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$2.5941
Last price $2.7181
24h high$2.8311
Heat index ranking
227
Market cap ranking
137
Market cap
$222.85M
Favorited rate
Percentage of users who favorited this asset to all users
0.29%
All-time high
$62.8000
-95.68% (-$60.0819)
Jan 2, 2022 (2 years ago)
All-time low
$2.0900
+30.05% ($0.62805)
Apr 14, 2024 (1 month ago)
ICO date
05/18/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
81,990,704 CVX
Market cap at circulating supply
Market cap = Circulating supply × Last price
$271.80M

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.

CVX FAQ

What is CVX?

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.

How does CVX work?

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.

Where can I buy CVX?

Easily buy CVX tokens on the OKX TR cryptocurrency platform. One available trading pair in the OKX TR 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 TR Convert.

CVX calculator
USDUSD
CVXCVX
1 CVX ≈ $2.7181 USD
Trade
CVX/USDT
Spot