Liquidity depth per major asset
Convex Finance's assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Convex holds Curve LP tokens, not raw assets. Liquidity depth for LP token exits is Curve pool depth (adequate for major stablecoin and ETH pools). For cvxCRV specifically -- the derivative token representing locked CRV -- the CRV/cvxCRV Curve pool holds only ~$162K TVL with ~$280 24h volume (GeckoTerminal, 2026-05-16), making large cvxCRV exits subject to extreme slippage. cvxCRV trades at ~60% discount to CRV (CoinGecko: cvxCRV $0.1039 vs CRV ~$0.26 = 0.40 CRV per cvxCRV). This is structurally expected (one-way conversion) but is a real liquidity risk for cvxCRV holders. Scored yellow: depth adequate for underlying Curve LP exits but cvxCRV secondary liquidity is thin.
Sources #
- DocsUnderstanding cvxCRV - Convex Finance DocsConvex docs: cvxCRV conversion is 1-way; CRV deposited locked permanently as veCRV in VoterProxy; liquidity pools may facilitate cvxCRV-to-CRV swaps at market rateretrieved 2026-05-16
- CRV/cvxCRV Pool - GeckoTerminalGeckoTerminal CRV/cvxCRV pool 0x9d0464996170c6b9e75eed71c68b99ddedf279e8: TVL ~$162K, 24h volume ~$280, 7 transactionsretrieved 2026-05-16
- Convex CRV (cvxCRV) - CoinGeckoCoinGecko: cvxCRV price $0.1039 USD (2026-05-16); CRV price used for ratio comparisonretrieved 2026-05-16
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →