Convex Finance (CVX)
Unlock Schedule
Convex Finance (CVX) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Convex Finance (CVX) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence CVX price performance.
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
CVX is the platform token that connects incentives to governance.
- Supply and distribution: CVX has a fixed maximum supply of 100 million tokens. The initial distribution allocated 50% to Curve LP rewards (minted as Curve rewards are harvested), 25% to liquidity mining programs over four years, 10% to the team (with vesting), 9.7% to the treasury (with vesting), 3.3% to early investors (vested; their funds pre‑seeded Convex’s boost and were locked), and two 1% airdrops for veCRV holders (including those who voted to whitelist Convex). (docs.convexfinance.com)
- Emission mechanics: New CVX is minted pro‑rata to the CRV claimed by Convex LPs. The CVX‑per‑CRV mint ratio reduces in steps with every 100,000 CVX issued, creating a declining emission curve tied to platform activity rather than to a simple block schedule. (docs.convexfinance.com)
- Utility:
- Stake CVX to share platform fees, which are routed as tokenized receipts (like cvxCRV) to compound Convex’s governance footprint. (docs.convexfinance.com)
- Lock CVX (as vlCVX) to vote on how Convex allocates its accumulated veCRV/veFXS/veFXN and other votes, and to direct bi‑weekly gauge weights across supported ecosystems. (docs.convexfinance.com)
- Earn additional fee streams linked to ecosystem integrations; for example, vlCVX holders collect a portion of FXS emissions from Convex‑staked Frax pools. (docs.convexfinance.com)
The cvxCRV receipt token also has its own utility. Stakers can opt to receive rewards in crvUSD, CRV/CVX, or a mix, giving flexibility while keeping Curve fees flowing back to Convex’s community. Conversion from CRV to cvxCRV is designed to be one‑way at the protocol level, preserving Convex’s long‑term veCRV base; users who want to “exit” typically swap cvxCRV on external liquidity pools. (docs.convexfinance.com)
Assumptions
- Modeled Curve LP Rewards (CRV-claim-linked minting) as a single linear monthly schedule from 2021-05-17 to 2025-12-31.
Actual CVX emissions depend on CRV claimed and a 100k-CVX cliff model; primary sources specify mechanism but not a time-based schedule. Linearization enables monthly charting while total tokens remain exact.
- Liquidity mining emissions start at TGE and vest linearly for exactly 4 years.
Directly from official tokenomics stating 'Distributed over 4 years'; no conflicting primary source.
- Treasury, Team, and Investor allocations vest linearly over 1 year starting at TGE.
Specified in official tokenomics; treated as continuous linear vesting from launch date.
- Total supply modeled as 100,000,000 CVX.
Official docs and code state a 100M max supply; on-chain explorers currently display ~99.93M, likely reflecting realized minting and rounding. We use the documented cap for allocation math.
- Airdrops treated as 100% cliff at launch.
Docs and Medium post state airdrops were instantly claimable at launch following the snapshot.
- 1. https://docs.convexfinance.com/convexfinance/general-information/tokenomics
- 2. https://docs.convexfinance.com/convexfinance/general-information/understanding-cvx
- 3. https://docs.convexfinance.com/convexfinanceintegration/cvx-minting
- 4. https://docs.convexfinance.com/convexfinance/guides/claiming-your-airdrop
- 5. https://convexfinance.medium.com/cvx-airdrop-details-a20ff7448075
- 6. https://etherscan.io/token/0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b
- 7. https://icodrops.com/convex-finance/
Allocations
Description
#180
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 |