$CVX
Passive income: Users can earn passive income by staking their $CVX tokens and receiving a portion of the trading fees generated on the platform.
Liquidity mining: $CVX holders can participate in liquidity mining programs and earn additional tokens as a reward for providing liquidity.
Governance: $CVX holders have voting rights and can participate in the decision-making process for the development and direction of the platform.

$cvxCRV
Increased liquidity: Users can lock their CRV tokens to mint $cvxCRV, which can then be traded on decentralized exchanges, increasing the liquidity of the token.
Leverage: By minting $cvxCRV, users can gain leveraged exposure to CRV without having to buy

Underlying $CRV demand
$CVX demand is closely tied to $CRV demand, as $CVX holders receive boosted rewards for staking $CRV on Convex. Thus, the stronger the demand for $CRV, the higher the demand for $CVX.

Protocol bribes
Convex offers yield-boosting protocol bribes to $CVX holders, providing an additional incentive to hold the token. As long as these bribes remain attractive and competitive, they should continue to drive demand for $CVX.

Convex Finance simplifies yield farming on Curve Finance by automating yield optimization and providing a user-friendly interface. Users can maximize returns on LP positions with minimal management while maintaining liquidity. Convex's popularity lies in its ability to generate high yields with low risk, making it attractive for novice and experienced investors. It's an essential platform for optimizing returns in decentralized finance.

Value accrual to token: 
$CVX captures value through its use in governance (veCRV) and yield optimization services (cvxCRV). Users must lock CVX to obtain vlCVX and receive bribes, creating demand for the token. CVX holders also receive yield from staking.

Value accrual to protocol: 
Convex Finance takes a 17% fee from its yield optimization service, which is paid to stakers. There is no treasury allocation for these fees, they simply go to CVX and derivatives stakers.

Revenue comes from: 
17% fee cut from yield optimization solutions for Curve and Frax, paid in whatever the liquidity positions are denominated in.

Revenue is denominated in: 
whatever the liquidity positions are denominated in.

Revenue goes to: 
CVX and derivatives stakers, who receive all fees, and CVX holders, who receive bribes in the form of assets to direct liquidity towards certain pools. No revenue goes to the treasury.