CVX is the native token of the project. The current use cases for CVX include:
Staking: Users can stake CVX tokens in the Convex Finance platform to receive a share of platform fees.
The project consists of the following major components working in conjunction:
Vote-escrowed CRV: Convex Finance locks all CRV deposited in the platform into Curve Finance and depositors receive cvxCRV, a tokenized version of veCRV.
Boosting: Utilizing the CRV deposited on its platform, Convex Finance boosts CRV emissions on all liquidity pools for Curve Finance liquidity pool stakers.
As at December 23rd 2021, the maximum and total token supply of CVX are 100,000,000 and 79,070,643 respectively. The current circulating supply is 42,703,004 (~42.70% of the maximum token supply).
Learn more about the token distribution of CVX here.