The current real-time price of CVXFXS is $0.3299. In the past 24 hours, CVXFXS has traded between $0.3175 and $0.3497, showing strong market activity. The all-time high of CVXFXS is $14.99, and the all-time low is $0.2046.
From a short-term perspective, the price change of CVXFXS over the past 1 hour is , over the past 24 hours is -0.09%, and over the past 7 days is -5.67%. These figures provide a quick overview of the latest price trends and market dynamics of CVXFXS on LBank.+14.04%
The live price of CVXFXS today is $0.3299, with a current market cap of $0. The 24-hour trading volume is 3K. The price of CVXFXS to USD is updated in real time.
Before deciding whether to buy or sell CVXFXS, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CVXFXS technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CVXFXS.
How much will CVXFXS be worth tomorrow, next week, or next month in ? What about your CVXFXS assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CVXFXS Price Prediction
To learn more about CVXFXS, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x34c0...58bde2  | 5.851M | 78.48% |
ethereum | 0x6a90...5636d0 | 608.085K | 8.16% |
ethereum | 0x49b4...37e31a | 285.919K | 3.84% |
ethereum | 0xd658...b5d94a | 127.215K | 1.71% |
ethereum | 0x61ba...d476aa | 92,944 | 1.25% |
Other | 489.887K | 6.57% |
cvxFXS is a tokenized representation of veFXS, which itself is the vote-locked version of Frax Finance's native token, FXS. When users deposit FXS into the Convex platform, it is locked indefinitely as veFXS, and they receive cvxFXS at a 1:1 ratio. This mechanism allows for liquid exposure to veFXS benefits. Its introduction in December 2021 by Convex Finance aimed to optimize rewards and usability for Frax users, similar to Convex's role with another major DeFi protocol.
FXS is the native token of Frax Finance. veFXS is the vote-locked version of FXS, which is non-transferable and provides governance power and boosted rewards. cvxFXS, on the other hand, is a liquid, tokenized representation of veFXS locked on the Convex platform. The key difference is that cvxFXS is transferable and can be traded, unlike veFXS, which is locked and illiquid. It provides an accessible way to gain exposure to veFXS benefits without direct locking.
While the conversion from FXS to cvxFXS on the Convex platform is generally a one-way process and irreversible within the platform itself, users are not entirely without options. Liquidity pools exist on decentralized exchanges that allow users to swap cvxFXS for FXS tokens. However, it's important to note that the conversion rates in these pools can fluctuate based on market dynamics and supply and demand, meaning a direct 1:1 redemption back to the original FXS is not guaranteed through these external markets.
Staking cvxFXS on the Convex platform offers several advantages. Users can earn a share of the fees that would typically go to veFXS stakers on Frax, often paid in FXS. Additionally, cvxFXS stakers may receive further FXS tokens from Convex's own staking fees. Beyond FXS rewards, stakers also accrue the platform's native token. Users can benefit from a share of veFRAX rewards and a portion of boosted wFRAX earnings from liquidity providers. Single-sided staking for cvxFXS is also available.
A significant risk factor for cvxFXS users stems from the locking mechanism. When FXS is deposited into the Convex platform to receive cvxFXS, it is locked indefinitely for a maximum of four years. Crucially, this conversion from FXS to cvxFXS is irreversible directly within the Convex platform. While external liquidity pools might offer an exit, their conversion rates can fluctuate, potentially leading to losses if the swap rate for FXS is unfavorable. As with any decentralized finance protocol, smart contract risks are also inherent.
While cvxFXS itself is a liquid token representing locked veFXS, its governance influence is primarily channeled through the Convex platform's native token. Holders of the platform's vote-locked native token play a crucial role. They can influence how the Convex platform allocates its aggregate veFXS holdings in Frax governance votes. This mechanism allows these vote-locked token holders to direct the voting power accumulated from all deposited FXS (represented by cvxFXS) towards specific proposals and gauge votes within the Frax ecosystem.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team
