vlCVX wrapper

Note

This product was build during the Convergence’s era, hence the name, cvgCVX. It is now operated as a Tangent’s product via the LiquidBoost platform. Learn more about Convergence.

LiquidBoost allows Convex users to stake a liquid derivative version of vlCVX, called cvgCVX, that can be staked or unstaked anytime. The system uses a second CVX wrapper, called CVX1, that is only used for the stablepool liquidity.

cvgCVX stakers benefit from vlCVX vote incentive rewards and from CVX1’s underlying earnings. In addition, the treasury is used to further boost earnings with:

• 50% of earnings from the cvgCVX/CVX stablepool owned liquidity, distributed as cvgCVX;

Rewards are distributed every epoch (once a week) as cvgCVX.

Summary

To summarize, cvgCVX stakers can claim:

• vlCVX vote incentive rewards distributed as cvgCVX;
• CVX1’s underlying rewards distributed as cvgCVX;
• A boost from the protocol’s treasury distributed as cvgCVX.