Liquidity · Vaults · CVX
Convex lets Curve LPs and CRV holders earn boosted rewards without locking CRV themselves. It aggregates veCRV voting power to maximize gauge boosts and auto-compounds CRV/CVX rewards for depositors.
Boosted Curve yield without locking CRV yourself.
CVX price
$2.03
-12.7% 24h
Latest data · 15 min delay
Convex is almost entirely dependent on Curve and its veCRV vote-escrow model. A collapse in CRV value, changes to Curve's gauge/boost mechanics, or a CRV emissions wind-down would directly undermine Convex's core value proposition.
cvxCRV can depeg from CRV. Because minting cvxCRV permanently locks CRV as veCRV, the only exit is selling cvxCRV on secondary markets, where it has historically traded at a discount to CRV under sell pressure.
Governance power is concentrated in vote-locked CVX (vlCVX). Large vlCVX holders and a bribe-driven vote market (Votium) can steer Convex's very large veCRV bloc, creating vote-buying and centralization-of-influence risk over Curve emissions.
Convex is a complex system of vaults, staking wrappers and cross-protocol integrations. Despite multiple audits, bugs or exploits in Convex contracts, or in the Curve/Frax contracts it wraps, could lead to loss of deposited funds.
Convex is run by a pseudonymous team and relies on external integrations (Curve, Frax, Votium). Users depend on those parties and on Convex's own privileged contract roles behaving honestly and remaining available.
