$CVX CVX is the native platform token of Convex Finance. Here are some key information about CVX:

• Introduction to Convex Finance:

• Convex Finance was launched in May 2021 by the pseudonymous founder C2tp. It is a yield optimizer for the Curve protocol, enhancing the yield rates of the Curve protocol and enabling liquidity mining rewards. It is considered one of the most influential and important protocols in the DeFi industry.

• Role of CVX:

• CVX holders can earn platform fees by staking CVX and receive part of the platform fees in the form of cvxCRV (tokenized veCRV).

• CVX can be used for voting, governance, and rewards.

• CVX can also be collateralized on the Convex platform to share the CRV earnings of Curve LP and to vote on specific token allocations for the protocol.

• CVX Token Economics:

• The total supply of CVX is 100 million, with 50% allocated as rewards for users depositing CRV on the platform. The remaining 50% of the tokens are distributed through incentive programs to liquidity mining (25%), the Convex development team (10%), the Convex treasury (9.7%), investors (3.3%), and 2% is distributed to veCRV holders via airdrop.

• Each time Convex's liquidity providers claim CRV, CVX is minted. The ratio of minted CVX to claimed CRV will decrease over time until the token reaches the maximum supply of 100 million.

• Market Capitalization and Price of CVX:

• According to the latest market data, the circulating supply of CVX is 97.2195 million CVX, the total supply is 99.6776 million CVX, and the circulating market capitalization is approximately 2.643 billion RMB.

• Future Development of CVX:

• Analysts predict that CVX could potentially rise to $10.26 by the end of this year. Over a longer five-year timeline, this cryptocurrency could grow to $20.24. The expected value of CVX in 2035 is anticipated to grow by 501.88% to reach $30.51.