- 2.A portion of revenue is used to cover protocol expenses such as deployment, staking, harvesting, and claiming.
- 3.All profits are then distributed to vlCXD holders as 3CRV.*
*Once the Convex Index token (idxCVX) is launched, profits will be distributed in idxCVX.
Each protocol harvest earns reward tokens from active strategies, which are accrued as fees to be distributed.
Each weekly epoch begins and ends on Wednesday at 8 pm EST.
A user’s vlCXD balance is checkpointed at the start of each weekly epoch, and the amount of earned fees a user will be distributed is calculated at the end.
Only vlCXD locked before the epoch (I.E. this Wednesday, 8 pm EST) will be used to calculate earned fees, claimable upon the next weekly epoch (I.E. next Wednesday, 8 pm EST).
All vlCXD holders receive fee distributions pro-rata to vlCXD total supply