Governance token concentration (Gini)

Convex Finance's assessment for RD-F-047 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

vlCVX governance power concentration data not quantitatively assessed (Dune Analytics not accessible). Historical context from Curve Wars (2021-2022) indicates significant vlCVX concentration by Frax, Yearn, StakeDAO and other protocols. CVX total supply ~97.5M near cap. Qualitative: governance is likely concentrated among a few large holders but no Gini coefficient available. [?]

Sources #

Docs
Convex Finance -- TokenomicsConvex governance token CVX described; vlCVX voting; no concentration data publishedretrieved 2026-05-16
Curator note
Curator note -- concentration data gapDune Analytics not accessible via WebFetch; holder Gini not derivable from available sourcesretrieved 2026-05-16

Methodology #

Compute the Gini coefficient of governance token holdings across the top-1000 holder addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol convex-finance factor RD-F-047 score gray collected_at 2026-05-16 02:41:28