Provider at a glance
- Category
- Liquid Lockers
- Official website
- convexfinance.com
Independent rankingchecked How it works
Details
Scored 79 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Convex Finance (cvxCRV)
Liquid wrapper for veCRV from Convex
Liquid Lockers
#1 Overall
Ranked #1 of 5 liquid lockers in the published ranking
79
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Convex Finance (cvxCRV) right for you?
Right for you if these matter most
- Who controls the votes and the bribes, and what reaches the depositor6/10; the category best is 7
- What happens if the base protocol changes or dies, and whether the wrapper can unwind at all6/10; the category best is 7
- Contract control and dated incident record of the wrapper itself8/10, the category best
Look elsewhere if these come first
- The exit that does not exist: measured discount and any contractual redemption4/10 here; Pirex (pxCVX, Redacted) scores 6
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best liquid locker shows where it lands for you.
What will Convex Finance (cvxCRV) cost you?
Not priced on this basis
- Your stake
- $32k
- Expected gross yield
- 5%
How safe is Convex Finance (cvxCRV)?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Convex Finance (cvxCRV)
Compare all 4- 2Pirex (pxCVX, Redacted)2 points below · stronger on exit realisability (6 against 4)77
- 3Yearn yCRV3 points below · weaker on exit realisability (3 against 4)76
- 4Stake DAO (sdCRV Liquid Locker)4 points below · stronger on vote and bribe pass through (7 against 6)75
For your setup
Find out if Convex Finance (cvxCRV) fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Convex Finance (cvxCRV) lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best liquid lockerNothing is inferred from clicks, popularity or commercial value.
Why it leads
Why Convex Finance (cvxCRV) ranks #1
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (18.2 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 1 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
354+4.483.06#2/5Loading evidence…
256+4.806.07#2/5Loading evidence…
206+3.845.07#2/5Loading evidence…
208+5.126.08#1/5Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin+2over Pirex (pxCVX, Redacted), #2
RobustnessHoldsacross a one-point change to each of its 4 criterion scores, the re-run scores 78–79 and stays #1
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Convex Finance (cvxCRV)’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
The exit that does not exist: measured discount and any contractual redemption 4 → 2 on its ladder · Pirex (pxCVX, Redacted) passes it−276#1 → #3
Who controls the votes and the bribes, and what reaches the depositor 6 → 4 on its ladder · Pirex (pxCVX, Redacted) passes it−277#1 → #2
What happens if the base protocol changes or dies, and whether the wrapper can unwind at all 6 → 4 on its ladder · Pirex (pxCVX, Redacted) passes it−278#1 → #2
Strengths
3 from the score dataWhere it leads
Best for readers who weight
- Who controls the votes and the bribes, and what reaches the depositor — 6/10, category best 7/10
- What happens if the base protocol changes or dies, and whether the wrapper can unwind at all — 6/10, category best 7/10
- Contract control and dated incident record of the wrapper itself — 8/10, the category best
Tradeoffs
1 from the score dataWhere it trails
Not for readers who put first
- The exit that does not exist: measured discount and any contractual redemption — 4/10 against a category best of 6/10
Record watch-outs
- The buyer should decide on one number and one structural fact. The number: 56.29%. That is what a $100,000-equivalent cvxCRV position converted to on 2026-09-28 at Ethereum block 26,074,948, against 53.02% at block 25,738,905 on 2026-08-12 — and there is no contractual alternative to it. cvxCRV cannot be redeemed: burn() is operator-gated, the operator is CrvDepositor, and CrvDepositor's source contains no burn call at all. The structural fact: Convex is not a wrapper of the Curve wars, it is the Curve wars. 421,498,943 veCRV, 54.13% of the 778,719,436 total at block 26,074,948, sits behind a receipt whose holders neither vote nor receive any vote incentive. That is a defensible trade at a 56% discount to NAV — the cash yield is real, 100% of the veCRV admin fee passes through untaxed, and the split is verifiable to the basis point from deployed getters. It is not defensible for anyone who may need principal back. Three cautions, two of them corrections to the prior draft. First, the discount is measured against a pool holding 2.51m CRV against 58.80m cvxCRV on 2026-09-28 — a 23.4:1 imbalance in which the pool IS the market; at $500,000 the discount reached 61.20%. Second, the governance stack is audited: a June 2026 audit of the on-chain voting contracts is published in the docs, and the control score is 8. Third, and cutting the other way: Votium — the operator of the vote-incentive market whose revenue never reaches cvxCRV holders — holds one of the five keys on the 3-of-5 multisig that owns the Booster, the VoterProxy and the staking wrapper. Finally, the documentation ages faster than the contracts: the fee page footer still reads 'Last updated 2 years ago', and the Tokenomics page still advertises cvxPrisma rewards in mkUSD from a protocol whose every domain now fails to resolve. Verify fee parameters from the Booster, not the docs.
Competitive position
Where Convex Finance (cvxCRV) leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 514.0 of 20 · constant here
Published criteria#1 / 513.7 of 30 · pool best
Friction#1 / 52.7 of 10 · constant here
Trust record#1 / 53.2 of 8 · constant here
Measured data#1 / 58.3 of 18 · constant here
Where Convex Finance (cvxCRV) leads
- The exit that does not exist: measured discount and any contractual redemption#2 / 5
- Who controls the votes and the bribes, and what reaches the depositor#2 / 5
- What happens if the base protocol changes or dies, and whether the wrapper can unwind at all#2 / 5
- Contract control and dated incident record of the wrapper itself#1 / 5
Where it trailsNo criterion in the bottom third of its pool.
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Pirex (pxCVX, Redacted)#2 of 5 · score 77 · 2.0 points behind
Convex Finance (cvxCRV) leads on
- Who controls the votes and the bribes, and what reaches the depositor6 vs 5
- What happens if the base protocol changes or dies, and whether the wrapper can unwind at all6 vs 4
- Contract control and dated incident record of the wrapper itself8 vs 6
Pirex (pxCVX, Redacted) leads on
- The exit that does not exist: measured discount and any contractual redemption6 vs 4
Largest single reason Convex Finance (cvxCRV) is ahead: published criteria (+2.3 display points).Scenario cost: Pirex (pxCVX, Redacted) has no verified pricing for this scenario.
Yearn yCRV#3 of 5 · score 76 · 3.0 points behind
Convex Finance (cvxCRV) leads on
- The exit that does not exist: measured discount and any contractual redemption4 vs 3
- What happens if the base protocol changes or dies, and whether the wrapper can unwind at all6 vs 5
Yearn yCRV leads onNo scored criterion
Largest single reason Convex Finance (cvxCRV) is ahead: published criteria (+3.4 display points).Scenario cost: Yearn yCRV has no verified pricing for this scenario.
Stake DAO (sdCRV Liquid Locker)#4 of 5 · score 75 · 4.0 points behind
Convex Finance (cvxCRV) leads on
- The exit that does not exist: measured discount and any contractual redemption4 vs 3
- Contract control and dated incident record of the wrapper itself8 vs 4
Stake DAO (sdCRV Liquid Locker) leads on
- Who controls the votes and the bribes, and what reaches the depositor7 vs 6
- What happens if the base protocol changes or dies, and whether the wrapper can unwind at all7 vs 6
Largest single reason Convex Finance (cvxCRV) is ahead: published criteria (+4.4 display points).Scenario cost: Stake DAO (sdCRV Liquid Locker) has no verified pricing for this scenario.
Against #2
79 vs 77 · gap 2.0Why Convex Finance (cvxCRV) ranks above Pirex (pxCVX, Redacted)
DimensionThisPirex (pxCVX, Redacted)Gap share
Availability · 23% weight · constant here14.014.0same
Published criteria · 35% weight13.712.8+2.3, better
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisPirex (pxCVX, Redacted)Points
The exit that does not exist: measured discount and any contractual redemption · w3546−2.24, worse
Who controls the votes and the bribes, and what reaches the depositor · w2565+0.80, better
What happens if the base protocol changes or dies, and whether the wrapper can unwind at all · w2064+1.28, better
Contract control and dated incident record of the wrapper itself · w2086+1.28, better
Net7977+2.0
Your scenario
Convex Finance (cvxCRV) is not priced for this scenario
The operator's cut of the rewards your stake earns — not a fee on the stake itself. Gross yield is your assumption, not ours. Change an input and every figure recomputes from the published rate; the published rank does not move.
commission/yr · default scenario — set your own
Your stake · your input$32k
Expected gross yield · your input5%
Rate read from the provider’s published pricing ↗ on 28 September 2026.
commission/yrCost is stated as commission/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 5 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
5 of 5 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 28 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessHoldsrank #1 across every one-point re-run
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 28 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
The exit that does not exist: measured discount and any contractual redemptionstrength 4 · weight 35Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Who controls the votes and the bribes, and what reaches the depositorstrength 6 · weight 25Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.What happens if the base protocol changes or dies, and whether the wrapper can unwind at allstrength 6 · weight 20Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Contract control and dated incident record of the wrapper itselfstrength 8 · weight 20Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Contract failure: the code holding the funds is exploited.Scored by What happens if the base protocol changes or dies, and whether the wrapper can unwind at all · 20% (Convex Finance (cvxCRV) 6/10)Scored by Contract control and dated incident record of the wrapper itself · 20% (Convex Finance (cvxCRV) 8/10)
- Control failure (Convex Finance (cvxCRV) 6/10): a key or vote changes the rules, freezes or mints.Scored by Who controls the votes and the bribes, and what reaches the depositor · 25%
- Exit failure (Convex Finance (cvxCRV) 4/10): you cannot get out at par, on time, or with what is yours.Scored by The exit that does not exist: measured discount and any contractual redemption · 35%
Not assessed by this ranking: Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means.
Facts
facts, not scoresWhat the record publishes
- Pricing
- Re-fetched 28 September 2026 from https://
docs .convexfinance .com /convexfinance /faq /fees (HTTP 200; the same text is served as Markdown at /convexfinance/faq/fees.md). Curve: "There is a 17% total fee on all CRV revenue generated by Curve LP's on the platform." Breakdown: "10% goes to cvxCRV stakers. This is paid out as CRV." / "4.5% goes to CVX stakers. This is paid out as cvxCRV." / "2% goes to treasury, which goes to treasury as CRV" / "0.5% goes to the harvest caller. This is paid out as CRV." Carve-out: "Fees are taken only from CRV revenue; no fees are taken from tokens from incentivized Curve pools, nor from veCRV admin fees". Mutability: "Fees can be adjusted between hard-coded ranges." with "10-15% for cvxCRV stakers rewards", "3-6% for CVX staker rewards" and "There is an absolute fee ceiling of 20%". The page lists no deposit or withdrawal fee. On-chain cross-check (eth_call, Booster 0xF403C135812408BFbE8713b5A23a04b3D48AAE31, Ethereum block 26,074,948, 2026-09-28T09:06:35Z): lockIncentive()=1000, stakerIncentive()=450, platformFee()=200, earmarkIncentive()=50, FEE_DENOMINATOR()=10000 — worked example: (1000+450+200+50)/10000 = 17.00%, the same getters as on 12 August 2026. The page footer still reads "Last updated 2 years ago".Convex Finance (cvxCRV) — official pricing page ↗ · 28 September 2026 - Prices published in
- USDConvex Finance (cvxCRV) — official pricing page ↗ · 28 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- Not published
- Supported chains
- Ethereum
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- Not published
Legal entity on file: Convex Finance, placed in 2 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Convex Finance (cvxCRV): where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
9 methodology entries
- 28 September 2026Current verified snapshot · methodology 2026.10.18Score 79, #1 of 5. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
- 16 September 2026
2026.09.15Dimension scores carry tenths, and eleven more categories are re-read from primary sources · platform-wide- changed Dimension scores resolve to tenths of a point (O-04b), and weightedTotal is rounded to six decimal places before the order is read. 518 published scores move across 107 categories that were not re-read; none of them moves by more than 4 points, and most move by 1.
- fixed 66 published scores change in the eleven re-read categories, against a verbatim source each. The largest moves are Reflexer RAI (−16), Beefy and Unrekt (−11), Aztec (−10) and Golem (+9) — all of them rows whose sources had moved since their last read.
- changed Published order moves in 38 of 119 categories and three #1s change: smart_contract_audits (Zellic → Certora) and travel_rule_compliance (Sumsub Travel Rule → CodeVASP) on the finer resolution, kyc_compliance (Veriff → Sumsub) on the re-read.
- added availabilitySource (O-04g): for a reader who states a country, a row whose availability in that country rests on a region tag its record gives no source for sorts below every sourced row. It is inert in every order published here, which states no country.
Methodology 2026.10.18, the same published run every visitor sees · receipt liquid_lockers:convex_finance_cvxcrv:2026.10.18:fb4d2ae4efaf
Are you Convex Finance (cvxCRV)? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.