CortexDAO
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    • CortexDAO 101
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  • Governance
    • Constitution
    • Cortex Improvement Proposal (CIP) Template
  • Tokenomics
    • Fee Distribution
    • Token Utility
    • $CXD
      • Importing CXD Into MetaMask
      • Locking CXD for vlCXD
    • Liquidity Provision
  • The Convex Index
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On this page
  • Purpose
  • Maximum Supply
  • Rewards
  • Utility
  1. Tokenomics

$CXD

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Last updated 2 years ago

Visit the CortexDAO to view all tokenomics metrics.

Purpose

Cortex DAO Token (CXD) is the platform’s native utility token, used as the primary means to govern, secure, incentivize participants, and provide a default mechanism to store and exchange value. The Cortex Token is governed by the CortexDAO.

Maximum Supply

Total Supply is 271,828,182 CXD.

Rewards

Liquidity Provider rewards for the CXD/USDC Curve pool will be paid in CXD. Rewards are issued with a liquidity gauge, keeping the doors open to earn additional CRV and CVX rewards in the future.

Other rewards include rewards for public Liquidity Mining, rewards for community initiatives and rewards for Core Contributors.

Utility

The CXD token can be for 1 week to 4 years to enable the following features:

  • DAO voting

  • Index boost

  • Fee distribution

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