What is Convex?

Convex allows users to access liquidity and earn fees from Ethereum-based stablecoin exchange Curve Finance, the largest DeFi protocol with a TVL of $23 billion. Convex owns about 40% of the CRV supply so the CVX holders are receiving bribes to designate the CRV rewards to specific liquidity pools.

What is vlCVX

vlCVX or vote lock convex is the voting token that controls how Convex votes on the CRV emission distribution to Curve pools through their veCRV holdings which have more than 40% of the total, making it a powerful token.

Top vlCVX Holders

The two graphs above show the total percentage of CVX held by the top 40 holders today from 90 day ago. it seems that there has been a slight decrease in the percentage holding of top users, but mostly the same holding.

Votium Protocol

The two graphs above show the Weekly count and volume by token. Most weeks there are 0 - 3 bribes distributed to CVX holders with each program giving $50K - $500K worth of tokens. The number above shows the Total amount of vlCVX that Votium has delegated giving votium a lot of power over the CVX bribes that are distributed. Although votium is not the biggest holder of CVX it is one of the largest holders.