A given Convexus pool has flexible swap fees, which are equal to either 0.05%, 0.3% or 1%. On top of that, the Convexus protocol can take a fraction of the swap fees and store them in the Convexus treasury. By default, when a pool is created, protocol fees are set to zero. However, CXS holders can vote to enable protocol fees on any pool through governance. Consequently, when a pool has protocol fees turned on, CXS holders will earn their share of the protocol fees for this pool.
Convexus governance has been designed in a way that will eventually let the core Convexus early contributors step out of the decision-making process entirely, achieving a truly self-sustaining and completely decentralized protocol.
Convexus won’t run any initial token offering or token sale of any kind. 1,000,000,000 CXS will be minted at genesis and emitted over a period of 4 years.
The initial four year allocation is as follows:
After the initial minting, CXS tokens will be locked in vesting contracts and distributed daily to liquidity providers, the Convexus DAO and the Convexus early contributors at the following rate:
After year 4, CXS will be inflationary at a perpetual 20,000,000 CXS per year to ensure continued incentives for liquidity providers and governance participation. The inflation rate can be modified through a governance vote.