Convex Finance

Convex Finance

CVX #216
BB 67% Token Watch

Project Safety Score: 67%

Updated 4 minutes ago
Convex FinanceCVX
Market Cap$159914560
24hr Volume$9500007
24hr Change-6.8%
Price$1.77
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: Smart-Contract Token - scored on contract safety, liquidity, holders, team, social
Liquidity
& Market
82 A
67% · medium
Team
Credibility
54 CCC
67% · medium
Social
Behavioral
62 BB
50% · low
Contract
Mechanics
95 AAA
100% · medium
Holder
Distribution
43 CC
100% · medium

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CVX Convex Finance Details
Type
DeFi yield aggregator
Team
Anonymous

Convex Finance is a protocol designed to simplify Curve boosting. It lets Curve liquidity providers earn trading fees and claim boosted CRV without locking CRV themselves. Curve LP tokens can be deposited into Convex to receive enhanced CRV earnings and related liquidity mining rewards.

The protocol also supports CRV staking such that stakers receive trading fees and a share of boosted CRV received by liquidity providers. Curve DAO token stakers can earn additional boosted CRV and CVX tokens through Convex.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Liquidity and market dynamics score 85 out of 100. Trading liquidity looks strong with a volume-to-market-cap ratio of 3.71% (score 90) and solid near-term depth, with $5,899,437 of 24h volume (score 69). Exchange listing data is robust, showing presence on 60 exchanges, with 28 in a green category and 27 in a yellow category (score 100).

Team credibility score 50 out of 100. While there are 7 audit firm(s) on record (score 100) and the deployer address is recorded (score 70), the team is anonymous (score 25) and there is no whitepaper available (score 10). Public development signals are mixed, with 0 commits in the last 4 weeks and 182 stars (score 38). Also, no deploy or genesis date is provided (asset age not available).

Social and behavioral risk score 62 out of 100. Social audience data indicates Twitter is linked but with limited snapshot analytics (score 25), while Telegram has 1,080 members (score 25 for social audience). On behavioral risk signals, there are 0 allegations, 0 bad press, and 0 regulatory items flagged, but 1 incident is recorded (score 90). Overall, this suggests some risk events exist despite a generally clean record.

Contract mechanics and safety score 95 out of 100. The contract is verified (score 100), shows no honeypot behavior (score 100), is open source (score 100), and has owner-privilege safety checks that pass (score 100). Balances appear locked (score 100), trading tax is 0% on both buy and sell (score 100), and a hard supply cap is defined at 100,000,000 (score 100). Minting is possible (score 50), but no hidden or harmful mechanics are indicated (score 100).

Holder distribution and concentration score 43 out of 100. Concentration is a key weakness, with the top 10 wallets holding 73.2% (flag noted, base subscore 45) and the top 50 wallets holding 87.7% (score 37). The largest non-filtered wallet controls 47.0% (score 21), meaning supply is meaningfully concentrated. Despite a large holder count of 30,539 (score 75), the concentration metrics keep this bucket below the midpoint.

Inherent crypto risk for this asset: even with strong contract and liquidity metrics, the token is classified as mintable (score 50) and holder concentration is elevated (top wallets hold large portions). That combination can increase event-driven price volatility and creates dependence on the future execution of minting and custody behavior, regardless of current safety checks.

  • MixBytes 2021-04 unknown
    General contracts audit listed on Convex documentation, with year/month provided but no direct report URL found in sources.
  • Peckshield 2022-09 unknown
    Convex wrapper audit listed on Convex documentation, with month/year provided but no direct report URL found in sources.
  • Chainsecurity 2023-04 unknown
    Convex wrapper audit listed on Convex documentation, with month/year provided but no direct report URL found in sources.
  • Nomoi 2023-01 unknown
    Convex wrapper audit listed on Convex documentation, with month/year provided but no direct report URL found in sources.
  • Peckshield 2022-04 unknown
    Convex Frax audit listed on Convex documentation, with month/year provided but no direct report URL found in sources.
  • Peckshield 2022-11 unknown
    Convex sidechain audit listed on Convex documentation, with month/year provided but no direct report URL found in sources.
  • Nomoi 2023-01 unknown
    Convex sidechain audit listed on Convex documentation, with month/year provided but no direct report URL found in sources.
Quality: none
Max supply: 100000000
Team allocation: 10.0%
Investors: 3.3%
Treasury: 9.7%
  • Potential rugpull vulnerability related to Convex multisig control over locked value (uncovered during security review) 2022-04-04
    OpenZeppelin reported uncovering a vulnerability that could have given Convex multisig direct control over Convex locked value if exploited by anonymous multisig signers; the issue was later patched by the Convex team.
  • Tokenomics and distribution percentages published in Convex documentation.
  • Multiple third-party security audits listed by Convex documentation for different Convex contract components.
  • Team is anonymous
  • Token supply can be minted by the owner
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • No whitepaper found
  • Reports of a vulnerability with potential rugpull impact (mitigated/patched per OpenZeppelin).

Price Chart

Contract Security

ethereum · 0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
30630
Top 10 Hold
72.8%
Top 50: 87.7%
Top Holders
  • 0x72a19342e8f183846… 47.07%
  • 0x1389388d01708118b… 6.59%
  • 0xcf50b810e57ac33b9… 6.18%
  • 0xf977814e90da44bfa… 4.79%
  • 0x5f465e9fcffc217c5… 2.14%
  • 0xb576491f1e6e5e62f… 1.50%
  • 0x049cace6fc477cee7… 1.13%
  • 0x6ebafef59043e1b43… 1.13%
  • 0xf884e76fa85646aad… 1.13%
  • 0x8e9aaf935084e61f2… 1.13%
Source: ethplorer
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28%
Profile Status
Data completeness
Some data missing
High confidence

Market Stats

All-Time High$60.09
All-Time Low$1.3600
Circulating90360894
Total Supply99968093

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