Convex Finance (CVX)
Unlock Schedule
Convex Finance (CVX) Token Unlock & Vesting Schedule
As of October 16, 2026, 99.99 million of the 100 million CVX (99.99%) have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 4,455 CVX (all estimated) from Curve LP and cvxCRV CRV-claim rewards, worth about $8,950 at today's price (less than 0.01% of the market cap). Today's release is an estimated 179 CVX from Curve LP and cvxCRV CRV-claim rewards.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and original distribution
CVX has a maximum supply of 100 million tokens. The original distribution set aside 50% for Curve LP rewards and 25% for liquidity-mining programs. It allocated 9.7% to the treasury, 10% to the team, and 3.3% to investors. Two separate 1% allocations went to eligible veCRV holders and to veCRV holders who voted to whitelist Convex. These figures describe the project’s original allocation plan, not a measure of how many tokens any group holds now. (docs.convexfinance.com)
CVX rewards tied to Curve LP activity are minted in relation to the CRV earned through Convex. The amount of CVX created per CRV falls in steps as CVX supply increases. This links part of the token’s distribution to use of the platform while reducing that minting rate over time. Other tokens in the ecosystem serve different purposes: cvxCRV, for example, represents a CRV deposit, while CVX is the token used for Convex rewards and voting. (docs.convexfinance.com)
Fees, staking, and votes
CVX can be staked to receive a portion of platform fees, with Curve-related rewards distributed as cvxCRV under the documented fee structure. CVX holders who want to vote must lock their tokens. These vote-locked CVX, or vlCVX, positions last at least 16 full weekly periods before the tokens become available to withdraw. Locked holders can vote on matters such as the weight assigned to Curve pools and other supported protocol proposals. (docs.convexfinance.com)
Upcoming CVX Releases
| Period | Allocation | Type | Amount | Value | % of supply |
|---|---|---|---|---|---|
| Oct 16 – 31, 2026 | Curve LP and cvxCRV CRV-claim rewards | Issuance, estimated | 2.9K | $5.7K | 0.00% |
| Nov 2026 | Curve LP and cvxCRV CRV-claim rewards | Issuance, estimated | 1.6K | $3.2K | 0.00% |
| Total | 4.5K | $9K | 0.00% | ||
Values at $2.01 per CVX (October 16, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
Convex allocated half of CVX to rewards minted when users claim CRV, while its other half covers liquidity incentives, the treasury, the team, investors and two launch airdrops. The airdrops opened at launch, and the documented one-year team, investor and treasury vesting ended in May 2022; the liquidity-incentive payment amounts and revised timing remain unresolved. The issuance chart combines an estimated launch mint with growth between dated supply observations, so its monthly Curve-reward amounts are interpolated estimates rather than observed payments. The September 2026 endpoint comes from the supplied reference series, not an independently verified current-supply reading.
- Liquidity mining incentives: The sources give the amount but no release dates.
- Liquidity mining incentives: The original schedule was changed and the new timing is not yet published.
- 1. https://docs.convexfinance.com/convexfinance/general-information/tokenomics
- 2. https://docs.convexfinance.com/convexfinanceintegration/cvx-minting
- 3. https://docs.convexfinance.com/convexfinance/guides/claiming-your-airdrop
- 4. https://docs.convexfinance.com/convexfinance/faq/convex-treasury
- 5. https://github.com/convex-eth/platform/blob/main/contracts/contracts/Cvx.sol
- 6. https://github.com/convex-eth/platform/blob/main/contracts/contracts/VestedEscrow.sol
- 7. https://etherscan.io/address/0xe98984aD858075813AdA4261aF47e68A64E28fCC
- 8. https://convexfinance.medium.com/ready-set-go-69bd68019c5a
- 9. https://convexfinance.medium.com/november-2022-convex-goes-cross-chain-45e3116c33ad
- 10. https://convexfinance.medium.com/september-update-vote-locking-launch-liquidity-provider-incentives-and-more-1380f406f725
- 11. https://www.binance.com/en/research/projects/convex-finance
- 12. https://www.coingecko.com/
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 2 markets on Binance and OKX · $2.3M open interest
 HTX (CEX) | 3M | 919/1.4K |
 Binance (CEX) | 1.5M | 25K/27K |
 Coinbase (CEX) | 603K | 21K/30K |
 Curve (Ethereum) | 395K | 122K/122K |
 Kraken (CEX) | 296K | 5.6K/26K |
 KuCoin (CEX) | 243K | 4K/10K |
 OKX (CEX) | 219K | 3.8K/9.4K |
Binance (CEX) | 131K | 4.1K/4.3K |
 MEXC (CEX) | 120K | 25K/25K |
OKX (CEX) | 78K | 18K/19K |
Kraken (CEX) | 30K | 3K/10K |
 Gate.io (CEX) | 26K | 12K/16K |
 Uniswap V3 (Ethereum) | 4.1K | 2.1K/2.1K |
Uniswap V3 (Ethereum) | 2.8K | 138/138 |
Curve (Ethereum) | 270 | 112/111 |
OKX (CEX) | 243 | 381/820 |
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Estimated from the last observation onward: about 179 per day (5,437 per month), the rate between the observations of 16 May 2026 and 30 September 2026.
Description
#193
Convex Finance is a DeFi platform that optimizes the profitability of staking and liquidity provision on Curve Finance. It allows users to earn boosted CRV and CVX tokens without locking their CRV tokens or staking their liquidity on Curve.
| Sector: | Asset Management |
| Blockchain: | Ethereum |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 2 markets on Binance and OKX · $2.3M open interest
HTX (CEX) | 3M | 919/1.4K |
Binance (CEX) | 1.5M | 25K/27K |
Coinbase (CEX) | 603K | 21K/30K |
Curve (Ethereum) | 395K | 122K/122K |
Kraken (CEX) | 296K | 5.6K/26K |
KuCoin (CEX) | 243K | 4K/10K |
OKX (CEX) | 219K | 3.8K/9.4K |
Binance (CEX) | 131K | 4.1K/4.3K |
MEXC (CEX) | 120K | 25K/25K |
OKX (CEX) | 78K | 18K/19K |
Kraken (CEX) | 30K | 3K/10K |
Gate.io (CEX) | 26K | 12K/16K |
Uniswap V3 (Ethereum) | 4.1K | 2.1K/2.1K |
Uniswap V3 (Ethereum) | 2.8K | 138/138 |
Curve (Ethereum) | 270 | 112/111 |
OKX (CEX) | 243 | 381/820 |