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vlCVX wrapper

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Locking CVX for vlCVX

Section titled “Locking CVX for vlCVX ”

CVX can be locked on Convex up to 16 weeks, in order to earn voting rights over Convex’s underlying protocols. Learn more on the Convex documentation.

cvgCVX

Section titled “cvgCVX ”

cvgCVX is a liquid tokenized version of locked CVX (vlCVX). Each CVX deposited on LiquidBoost is locked forever on the Convex vote locking contract. cvgCVX is minted at a 1:1 rate each time a user deposits CVX.

Converting CVX to cvgCVX is irreversible. However, a cvgCVX/CVX1 pool exists on Curve. This pool is, and will be maintained by LiquidBoost.

Staking cvgCVX allows users to claim vlCVX vote incentives and additional rewards, distributed as cvgCVX.

cvgCVX can be swapped back to CVX (at varying market rate) in one transaction, directly on LiquidBoost.