Convergence
  • Welcome to Convergence
  • General Information
    • Protocol Overview
  • Staking
    • Convergence for Stake DAO
      • cvgSDT staking
      • sdTKNs staking
      • LPs staking
        • Curve LPs staking
      • Understanding cvgSDT
      • veSDT boost delegation
      • Metagovernance
        • Governance votes
        • Gauge votes
    • Convergence for Convex Finance
      • cvgCVX staking
      • cvxTKNs staking
      • Understanding cvgCVX
      • Understanding CVX1
      • Metagovernance
        • Governance votes
        • Gauge votes
    • Tokenized positions
  • CVG TOKEN
    • Understanding CVG
    • Tokenomics
    • CVG Locking
      • Understanding veCVG
      • Understanding mgCVG
      • Understanding ysCVG
  • GAUGES FUNCTIONING
    • Understanding Gauges
    • Gauges Votes
  • BONDS & TREASURY
    • Bonds
      • Understanding Bonds
      • Oracles and ROI computation
        • Targeted pools
      • Tokenized bonds
    • Treasury
      • Protocol Owned Deployments
      • Protocol Due Deployments
  • Cycles
    • Understanding Cycles
      • cvgCycles
      • tdeCycles
  • Rewards
    • Stake DAO rewards
    • Convex Finance rewards
    • CVG rewards
    • Treasury rewards
  • Navigate UI
    • Staking
      • Stake DAO
        • Staking cvgSDT
          • Use SDT
          • Use cvgSDT
        • Staking sdTKNs
        • Staking LPs
      • Convex Finance
        • Staking cvgCVX
        • Staking cvxTKNs
    • Using bonds
      • Buy a bond
      • Redeem CVG
      • Bond & Lock
    • Claming rewards
      • Claim all rewards
      • Claim by position
    • Lock CVG
      • Create a locked position
      • Increase a locked position
        • Increase amount only
        • Increase time only
        • Increase amount & time
      • Delegate a locked position
        • Delegate veCVG
        • Delegate mgCVG
        • Delegate ysCVG
      • Manage delegations
        • Accept a delegation
        • Remove a delegation
        • Revoke a delegation
    • Vote on gauges
      • Display votes
      • Remove votes
  • FAQ
    • Contract Addresses
    • Treasury Addresses
    • Audits
    • Risks
    • Fees
    • Branding
  • LINKS
    • Website
    • Github
    • Discord
    • Twitter
    • Coingecko/Coinmarketcap
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  1. CVG TOKEN

Tokenomics

PreviousUnderstanding CVGNextCVG Locking

Last updated 10 months ago

Total supply: 150,000,000 CVG

Distribution:

Staking rewards (42%) 60,000,000 CVG is released over approximately 400 years every week. Every 2 years, emissions are reduced by a factor 21/22^{1/2} 21/2. Emissions decreasing stops after 20 years, to keep a tail emission until the full staking inflation is released. The initial weekly inflation is 60,576 CVG.

Bonds (30%) 40,000,000 CVG released over 240 weeks (4.6 years). 8,000,000 CVG will remain unplanned in the bonding program as an elastic reserve.

DAO (9,5%) Vested over 1.5 years, 5% available at launch. Used to deploy initial liquidity and for future incentives (airdrop, community events, etc).

Team (8,5%) Vested over 2 years.

Investors (8,5%)

  • Whitelist: 33% available at launch. The remaining 67% are vested over 3 months

  • Seed investors: 120 days cliff followed by a 5% allocation release. The remaining 95% are vested over 15 months

Partners (0,5%)

Allocation reserved to advisors and close partners. Vested on the same schedule than seed investors.

Airdrop (1%)

TBD

Global inflation overview:

Tokens distribution
Staking emissions over 50 years
Emissions over 12 years