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CVX

Convex Finance  

#CVX

CVX Price:
$6.48
Volume:
$7.5 M
All Time High:
$60.15
Market Cap:
$0.5 B


Circulating Supply:
74,304,271
Exchanges:
32
Total Supply:
97,235,173
Markets:
39
Max Supply:
Pairs:
27



  CVX PRICE


The price of #CVX today is $6.48 USD.

The lowest CVX price for this period was $0, the highest was $6.48, and the current live price for one CVX coin is $6.47713.

The all-time high CVX coin price was $60.15.

Use our custom price calculator to see the hypothetical price of CVX with market cap of ETH or other crypto coins.


  CVX OVERVIEW


The code for Convex Finance is #CVX.

Convex Finance is 1.7 years old.


  CVX MARKET CAP


The current market capitalization for Convex Finance is $481,278,271.

Convex Finance is ranking upwards to #88 out of all coins, by market cap (and other factors).


  CVX VOLUME


The trading volume is big during the past 24 hours for #CVX.

Today's 24-hour trading volume across all exchanges for Convex Finance is $7,506,217.


  CVX SUPPLY


The circulating supply of CVX is 74,304,271 coins, which is 76% of the total coin supply.


  CVX BLOCKCHAIN


CVX is a token on the Ethereum blockchain.


  CVX EXCHANGES


CVX is integrated with many pairings with other cryptocurrencies and is listed on at least 32 crypto exchanges.

View #CVX trading pairs and crypto exchanges that currently support #CVX purchase.


  CVX RESOURCES


Websitewww.convexfinance.com
Twitterconvexfinance
TelegramconvexEthChat
Mediumconvexfinance


  CVX DEVELOPER NEWS



January 2023 Update: cvxCRV Staking Changes

Convex Finance for Curve.fi allows users to interact with the protocol from multiple fronts: by providing liquidity on Curve and staking LP tokens, staking and/or locking CVX tokens and participating in governance and gauge votes, or simply staking cvxCRV and receiving a share of LPs earned rewards. There have been multiple updates for LPs and CVX holders/lockers, but so far, there have been no major changes to cvxCRV dynamics since launch. From the docs: A new wrapper contract for staked cvxCRV is coming soon. This new wrapper contract will enable several enhancements to existing cvxCRV staking: Ability to directly add additional incentives to cvxCRV staking., Adjustable rewards, user can choose to receive only CRV and CVX, only 3CRV, or any user-adjustable weighted mix there of., ERC-20 transferable staked cvxCRV, Fee Structure Changes With these enhancements in mind, Convex will be posting a proposal soon to change the platform fees, with the goal of utilizing the new functionality of the wrapper. At the protocol level, Convex hopes to be able to divert two percent of platform fees to acquire and stake existing cvxCRV toward the new wrapper contract. The cvxCRV acquired and staked this way will add to the to wrapper’s overall rewards, while removing cvxCRV from circulation. Proposed fee changes will be as follows:Note: “Vote-locked CVX” would continue to get “CVX Stakers” fees Incentivizing cvxCRV Staker...




November 2022: Convex Goes Cross-Chain

Back in February, Curve Finance enabled boosting of pools on other chains outside of Ethereum main-net. Since then, Curve has provided a home for LPs on Arbitrum, Polygon, and Optimism just to name a few. Curve pools on other chains are eligible for gauges just like any traditional pool on Ethereum. Through the bi-weekly gauge weight votes, Convex has been providing vlCVX holders the option to vote for these pools to receive a portion of CRV emissions on other chains. However, LPs on side-chains/L2s did not previously have any ability to get the socialized boost Convex provides for LPs on Ethereum. Convex Finance is now taking the next step, and starting the expansion to additional chains as well. First stop: Arbitrum! How it works: Convex Finance on Arbitrum will look and feel very similar to Convex on Ethereum. The process for providing liquidity and staking on Convex are the same as before; provide liquidity on Curve, stake LP tokens on Convex to get the socialized boost, and claim rewards. How to get there: Visit www.convexfinance.com and filter on “Arbitrum One” pools.Toggle switch between Ethereum and Arbitrum Pools now on the “Stake” page With the addition of Arbitrum pools, convexfinance.com now has a cross-chain interface. Pools and interface elements on both Ethereum main-net and Arbitrum will both be visible. Users will be prompted to switch chains to interact with their respective pools.“Change netwo...




Post-Mortem of Events June 23

Initial Disclosure. — On June 23, 2022, on Twitter reported some abnormal activity on the Convex Finance website. Suspicious contract approvals were suspected. Shortly after this, sent a direct-message to the Convex Twitter account with the same suspicions. Convex Twitter issued this initial warning tweet as a result of the two similar notifications. — Summary of Attack. — After some initial investigation, it was confirmed that the DNS of had been hijacked, taking users to a copy of the website containing malicious contracts. The attack replaced web elements that interact with smart-contracts across varying portions of the site to new contracts under the attackers control. Unsuspecting users could have clicked familiar buttons in the UI, but been prompted to approve new, malicious contracts. Many contract addresses even contained the same first and last 4 characters, making it easier to glance at these new contracts and potentially accept them as the originals. Furthermore, the malicious contracts did not seem to be presented to all users, nor were they always presented on the same web elements. Convex used NameCheap as it’s domain registrar for . The attacker was able to access the NameCheap account, even with 2-factor authentication enabled, a strong password, and security alerts. Convex team still had access to the account; 2FA was still enabled, the password was the same, but the attacker was still abl...




Year-in-Review: Convex Turns 1!

Though it feels like a lot longer, one year has passed since the launch of Convex Finance. Let’s highlight some statistics on the growth of the protocol since last May! Over 31,000 individual wallets have interacted with Convex, and Convex has captured, on average, approximately 100% of all CRV emissions over the last year!Convex recently passed 200M CRV locked!Whitelisted DAO’s locked CRV tokens (and “Other” independent CRV lockers) CVX lockers continue to grow. Over 80% of circulating CVX tokens are vote-locked at the time of this writing. CVX lockers get to participate in governance and gauge-weight votes, and receive additional protocol fees.Note the “un-lockening” in March 2022; CVX locks continued higher afterwards! Aligned incentives for other DAOs and Convex means CVX distribution continues to expand. Continuing decentralized governance power is a net positive for the protocol!DAO-owned CVX continues to grow Convex protocol fees and rewards are distributed to ecosystem participants. Curve LPs, cvxCRV stakers, and CVX stakers/lockers all benefit from the Convex protocol’s continued success. Incentives are designed to be aligned between all participants. External incentives to CVX gauge-weight voters (via Votium or other avenues) are not included in these figures, an additional ~195M so far!Fees + reward distribution to Convex users.Convex Community The growth and success of Convex is bolstered by i...




Boosted Frax Staking Now Live!

Continuing the work between Frax Finance and Convex Finance, the Frax portion of Convex expands further today. Select Liquidity Pools from Frax Finance can now be staked on Convex, with additional pools coming soon.Vesper Orbit FRAXAave aFRAXFrax FPI/FRAXComing soon: Temple FRAX/TEMPLE Similar to the way Convex works for Curve.fi, Frax LPs can enjoy socialized (and simplified) boosting mechanics for their LP positions when staked on Convex Finance. However, Frax Finance allows LPs from various venues to participate. LPs originating from Uniswap, Sushiswap, AAVE, or any multitude of other platforms have the potential to be hosted on Frax, and, by extension, Convex. — For Liquidity Providers. — LPs who want to start staking on Convex need to do the following:Obtain LP tokens from the original source; For LPs currently staked on Frax, this means unstaking/withdrawing from Frax.Deposit + Stake your LP tokens on frax.convexfinance.com/stake. The process will be 3 transactions: Create Vault, Approve, Deposit+Stake. Full instructions here.Note: LPs on Frax may receive additional boosted FXS earnings by locking their LP tokens for durations of time. LPs must lock for a minimum of 1 day for no additional time-boost; most pools allow the user to lock for up to 3 years to receive the maximum time boost. After time-locks expire, users can remain in the pool and continue to receive socialized boosting from Convex veFXS witho...




February Update: FPI Airdrop, Multichain Incentives

Frax Finance: FPI Airdrop - In the previous update, frax.convexfinance.com went live, and allowed for users to convert FXS to cvxFXS in anticipation of the Frax Finance portion of Convex launching. As announced by Frax Finance, the FPI token airdrop snapshot will be taking place on Feb 21, 2022 at 00:00 UTC. Full details have yet to be released from Frax Finance. Users who’ve locked FXS as cvxFXS will be eligible for the maximum amount of FPI. Important note: If you have cvxFXS tokens and wish to receive the FPI airdrop, be sure to hold “vanilla” cvxFXS during the snapshot. cvxFXS tokens in liquidity pools or other contracts will not be accounted for. Simply hold cvxFXS in your wallet. You can verify your token balance by looking at your address on etherscan.io directly (under ERC20 tokens, look for cvxFXS). Alternatively, you can connect your wallet to frax.convexfinance.com, and your cvxFXS balance will display in the UI.  — @ConvexFinance After the snapshot, Convex will begin on “Phase 2” as outlined in our prior update. More information will be communicated after the FPI snapshot. — Multi-Chain Boosting and Incentives - Previously, the boosting system for Curve.fi veCRV (and cvxCRV by extension) LP provider rewards only applied to liquidity pools on Ethereum mainnet. This, in tandem, gave Convex Finance the same limitations: boosting as a service, but only for pools on Ethereum. As si...




Vote-Locked CVX Contract Migration

Today, the contract for vote-locked CVX (vlCVX) has been re-deployed. Convex Finance was recently made aware of a potential bug in the vlCVX rewards system. This bug was responsibly disclosed before anyone utilized it; no loss of funds occurred, and user deposits were not at risk. There were no instances of this being used prior to deployment of the new vlCVX contract. However, since Convex Finance contracts are immutable and non-upgradeable, a new contract had to be deployed. The new vlCVX contract has implemented a fix for this potential bug going forward. User’s who vote-lock CVX earn 5%+1% rewards in the form of cvxCRV. This bug made it possible for expired locks to relock directly to a new address, which, in turn, enabled them to claim more cvxCRV rewards than they had earned. Special thanks to the team at Popcorn for their assessment and disclosure. A bug bounty will be paid out from the Convex treasury. — Implementation and Actions for Vote-lockers. — To migrate users to the new vlCVX contract, all currently locked CVX has been unlocked from the old contract. Anyone who has vote-locked their CVX will have to withdraw their tokens from the “Lock CVX” page and re-lock in the new contract. Users will have a small grace period to move their previously-locked tokens over to the new contract. During this grace period, formerly locked CVX tokens that have not expired and have not yet been withdrawn will st...




December Update: Protocol Expansion, CVX/ETH Incentive Migration

Frax Finance and cvxFXS Convex Finance originally started out with the goal of optimizing and expanding opportunities for users of Curve.fi. Curve’s CRV token model stood out amongst the crowded DeFi space, and the success of that model combined with Convex is clear. Other protocols have begun following suit, whether that’s launching new protocols with similar token-locking models, or revamping existing tokens to include similar characteristics. Speculation over potential collaboration with Frax Finance over the past weeks can stop now: Convex Finance is expanding to include Frax Finance’s Frax Shares, FXS. Frax has adopted a similar token-locking model that is a natural fit for the Convex ecosystem. FXS can be locked as veFXS for fee sharing, governance rights, and gauge votes on Frax’s platform. We encourage users to familiarize themselves with Frax’s documentation. Not long after our launch, Frax Finance has been invested in the success of Convex, and has shown considerable interest in being a good actor for the ecosystem. It is our belief that the team at Frax Finance will make for great partners in the first expansion into new protocols. This week, we will begin a soft-launch of the new Frax portion of the Convex platform, starting with opening up deposits for FXS. — Phase 1 (this week):. — FXS deposit and convert to cvxFXS is now available at https://frax.convexfinance.com/.Since Convex will lock...




November Update: Voting Incentives, Community Contributions, Next steps

Voting Incentives: A quick primer As Convex Finance has gained a significant share of locked CRV tokens, one of the primary utilities of the CVX token has started to show its strength: Curve.fi gauge-weight votes. CVX vote-lockers on Convex can allocate their vote-weight towards Curve pools they hope to see a higher proportion of CRV token emissions directed towards. With the rise of Convex’s gauge-weight, projects like Frax, Badger, Spell, and more have shown interest in gaining CVX and incentivizing vlCVX to increase their CRV allocation. Increasing CRV rewards on gauges can drastically increase liquidity for these projects. With the launch of both bribe.crv.finance and Votium, users are able to receive incentives for allocating their vote-weight towards specific Curve pools. DAOs, projects, and individuals have the ability to post incentives, to be paid in the token of their choice, to those individuals who vote for specific pools. — What does this mean for CVX vote-lockers?. — All CVX vote-lockers have access to incentives from bribe.crv.finance. These incentives are distributed amongst all vote lockers each gauge-weight vote based on your vote-weight, regardless of whether or not you individually vote. These rewards are claimable on convexfinance.com/claim under Locked CVX -> Extra Incentives, In order to be eligible for additional incentives claimable on Votium, you must vote for those pools that ha...




September Update: Vote Locking Launch, Liquidity Provider Incentives, and more!

Vote locking is here! CVX voting is finally here! CVX holders can now have their say in how Convex Finance allocates it’s veCRV voting power in the bi-weekly Curve.fi gauge weight votes. You can lock your CVX tokens in order to participate in the voting and receive the extra 1% fee from locking (5%+1%). If you missed our previous article on the voting system and vote locking, please be sure to read it here. You can also read up in our docs to learn how the vote system functions. In summary:Lock your CVX tokens for a fixed period of time and gain voting powerVote for how Convex Finance allocates it’s veCRV votes in Curve.fi governance and gauge weight votes.Earn 20% more rewards vs. single staking CVX Important Notes as vote-locking gets startedThe first Curve.fi gauge weight vote for CVX vote-lockers will be from the 16th-21st of September. In order to participate in this vote, users will need to vote-lock their CVX before 00:00 UTC September 16th.No need to immediately un-stake existing CVX and vote-lock. There is ample time between now and the deadline to participate in the first vote.Rewards for vote-locked CVX behave in the same way as rewards on other pools; there is a trailing 7-day distribution. At launch APR will start from zero and build up over time before normalizing.Vote-locker contracts are currently under review at Code 423n4. Minor UI changes come with this updateThe “Use CVX” page is now “Lo...




  CVX NEWS


Convex Finance Launches Two URLs After Spoofing Exploit

    The Domain Name Server (DNS) of the decentralized staking platform, Convex Finance, was targeted in the latest spoofing exploit. Angel investor Alexintosh first flagged that Convex Finance was asking for user approval to an unverified smart contract address on July 23rd. This suggested that a malicious entity may have sneaked into Convex Finance's website to carry out a DNS spoofing attack. Following the incident, the staking platform confirmed the hijack of its DNS that led users to unassumingly approve malicious contracts for some interactions on the website. Convex then announced setting up two alternative domain names and asked users to use these URLs to interact with the site while they conduct the investigation. The platform marked five wallets affected by the exploit. The team, however, revealed that funds on verified contracts were not affected. The exploiter sent the stolen funds to a 'Convex Phisher Deposits' flagged wallet flagged that shows a small amount of crypto from the affected users before moving most of it to the coin mixer, Tornado Cash, to hide the tracks. Convex Finance said that it will publish a detailed post-mortem report soon. Furthermore, a crypto tracking and compliance platform MistTrack revealed that Ribbon Finance, a decentralized structured products protocol, also suffered a DNS hijacking attack, wherein a victim reportedly lost 16.5 WBTC. On-chain analysis suggests that it was the same attacker as Convex. read More



Biggest Movers: CVX Nearly 14% Higher, as RUNE Extends Friday's Ga...

    CVX was trading nearly 14% higher to start the weekend, as RUNE extended yesterday's gains, climbing by over 13% on Saturday. CVX is now up by nearly 35% this week, rising to multi-week highs in the process. Thorchain (RUNE) RUNE was one of the biggest gainers in crypto markets for a second consecutive session, as it further cemented itself as the world's 45th-largest cryptocurrency by market cap. Following a high of $9.52 on Friday, RUNE/USD rallied to a greater high of $10.26 to kick off the weekend's session. Today's peak is the highest level RUNE had traded at since December 3, when prices were falling from highs around $13. Saturday's move saw the 14-day RSI indicator once again touch its resistance point of 79.11, which hasn't been broken since November. Looking at this chart, $11.30 is the next likely destination for bulls attempting to extend recent gains, however the road to this point will likely be turbulent. Prices are overbought, and a reversal could be on the cards, despite the bullish sentiment of the last two sessions. Convex Finance (CVX) Saturday's price surge has sent CVX to its highest point in over three weeks, with the token now trading more than 35% higher in the last week. Following a low of $23.12 less than 24 hours ago, CVX/USD climbed to a peak of $27.39 during today's session. The price of CVX has now risen for 11 out of the last 13 trading days, a run which started at its support of $15.40. As a result of this rally in prices, market sentime... read More



Biggest Movers: DASH, CVX and ALGO Lead Monday's Gainers, APE Fall...

    CVX was the biggest crypto gainer to start the week, as both DASH and ALGO also climbed higher. Despite ALGO rising to its highest level in over three weeks, gains in DASH and CVX were more noticeable. This came as APE once again traded in the red. Convex Finance (CVX) Convex finance (CVX) was Monday's biggest gainer, as the world's 77th largest cryptocurrency rose by as much as 15% to start the week. Following a low of $17.90 on Sunday, CVX climbed to an intraday high above $21.56 on Monday, as prices hit a ceiling. Today's move was the highest level CVX has traded since March 2, as prices continued to move away from support at $15.50. Monday's surge saw prices near resistance of $22.00, however slipped from this point as bulls likely consolidated earlier gains by closing their positions. Looking at the chart, the 10-day (red) moving average, and the 25-day (blue) have also marginally crossed, which sets the table for further bullish momentum. If this upward trend continues, we could see a break similar to the one on March 2, where prices rose to above $30, during a flash spike. DASH DASH rose to a three month high during today's session, as it rose for a fourth consecutive session on Monday. Today's high, saw DASH/USD rally to a high of $122.83 to start the week, which follows a low below $101 on Sunday. Monday's move is the highest point DASH has reached since January 21, as markets were in free fall, dropping to as low of $79 during that week. As of writing this, DA... read More



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