cvgCVX staking
Last updated
Last updated
Convergence allows Convex users to stake a liquid derivative version of vlCVX, called cvgCVX, that can be staked or unstaked anytime.
cvgCVX stakers benefit from vlCVX vote incentive rewards, from 5% of cvxCRV stakers' earnings, and from CVX1's underlying earnings. CVG emissions are added on top, according to the cvgCVX gauge weight.
In addition, the treasury is used to further boost earnings with 80% of CRV and CVX harvested from the cvgCVX/CVX1 stablepool owned liquidity.
All rewards except CVG are distributed as cvgCVX.
cvgCVX rewards are distributed every 2 weeks, and CVG rewards every weeks.
To summarize, cvgCVX stakers can claim:
vlCVX vote incentive rewards;
A share of Convergence’s fees;
CVX1's underlying rewards;
A boost from the protocol’s treasury;
CVG rewards according to gauge weights.
