Initial Disclosure — On June 23, 2022, @alexintosh on Twitter reported some abnormal activity on the Convex Finance website. Suspicious contract approvals were suspected. Shortly after this, @samczsun sent a direct-message to the Convex Twitter account with the same suspicions. Convex Twitter issued this initial warning tweet as a result of the…

Though it feels like a lot longer, one year has passed since the launch of Convex Finance. Let’s highlight some statistics on the growth of the protocol since last May! Over 31,000 individual wallets have interacted with Convex, and Convex has captured, on average, approximately 100% of all CRV emissions…

Continuing the work between Frax Finance and Convex Finance, the Frax portion of Convex expands further today. Select Liquidity Pools from Frax Finance can now be staked on Convex, with additional pools coming soon. Vesper Orbit FRAX Aave aFRAX Frax FPI/FRAX Coming soon: Temple FRAX/TEMPLE Similar to the way Convex…

Frax Finance: FPI Airdrop In the previous update, frax.convexfinance.com went live, and allowed for users to convert FXS to cvxFXS in anticipation of the Frax Finance portion of Convex launching. As announced by Frax Finance, the FPI token airdrop snapshot will be taking place on Feb 21, 2022 at 00:00 UTC. Full details have…

Today, the contract for vote-locked CVX (vlCVX) has been re-deployed. Convex Finance was recently made aware of a potential bug in the vlCVX rewards system. This bug was responsibly disclosed before anyone utilized it; no loss of funds occurred, and user deposits were not at risk. There were no instances…

Frax Finance and cvxFXS

Voting Incentives: A quick primer As Convex Finance has gained a significant share of locked CRV tokens, one of the primary utilities of the CVX token has started to show its strength: Curve.fi gauge-weight votes. CVX vote-lockers on Convex can allocate their vote-weight towards Curve pools they hope to see…

Vote locking is here! CVX voting is finally here! CVX holders can now have their say in how Convex Finance allocates it’s veCRV voting power in the bi-weekly Curve.fi gauge weight votes. You can lock your CVX tokens in order to participate in the voting and receive the extra 1% fee from locking (5%+1%). …

Plenty has happened since we launched Convex Finance in May, and we wanted to give a comprehensive update on everything that’s changed and what’s coming next. Additionally, we’ll provide some insight into the upcoming CVX token voting system and how that will work. We’ve seen TVL between $3.5B-$4B for over…