Convex Finance

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Convex Finance's governance or utility token carries a market capitalisation of 183,7 M $US based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (183,7 M $US) is small relative to deposits secured by the protocol (722,7 M $US); a mcap/TVL multiple of 0.25× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 108,8 M $US sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Événements majeurs signalés par la communauté DeFiLlama — lancements de protocole, exploits, changements de gouvernance et programmes d'incitations.

1. Oct 27, 2023
   cvxPRISMA Launched
2. Sep 26, 2023
   cvxFXN Launched
3. Jul 30, 2023
   Curve reentrancy hack
4. Nov 6, 2022
   FTX collapse
5. Jun 10, 2022
   stETH depeg
6. May 7, 2022
   UST depeg
7. Jan 16, 2022
   MIM depeg
8. Dec 22, 2021
   cvxFXS Launched

Convex Finance operates in the Yield category of DeFi. It is deployed across 4 chains, including Ethereum, Fraxtal, Arbitrum, Polygon. The codebase has been independently audited (1 report on file). DeFiLlama tracks 8 historical events for this protocol since 2021.

Convex Finance operates on 4 networks (Ethereum, Fraxtal, Arbitrum, Polygon), keeping its surface area narrower than chain-agnostic peers. Roughly 98% of its on-chain value sits on just three networks (Ethereum, Ethereum-staking, staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (183,7 M $US) is small relative to TVL (722,7 M $US) — a mcap/TVL ratio of 0.25 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Convex Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Convex Finance is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Multipli.fi, and 3 more. These peer protocols collectively secure 4,6 Md $US in deposits, giving you a frame of reference for whether Convex Finance's own TVL is at the top, middle, or tail of the category.

Pendle

TVL 2,3 Md $US · 24h +0.37%

Spark Savings

TVL 1,4 Md $US · 24h +0.35%

Multipli.fi

TVL 342,7 M $US · 24h -0.01%

Strata Markets

TVL 259,5 M $US · 24h +0.70%

infiniFi

TVL 177 M $US · 24h +1.74%

Aster asBNB

TVL 171,2 M $US · 24h -0.10%