> For the complete documentation index, see [llms.txt](https://docs.asymmetry.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.asymmetry.finance/afcvx-asymmetry-finance-convex/the-afcvx-token.md). # The afCVX Token afCVX is composed of two distinct parts, accessible in a single click when minting afCVX. afCVX is an [ERC-4626 Tokenized Vault Standard](https://ethereum.org/en/developers/docs/standards/tokens/erc-4626/) style token. **Part 1:** 80% of afCVX is deposited into CLever, the 2nd largest Convex wrapper in existence with over 3.3 million CVX deposited. The Asymmetry team has partnered with Aladdin DAO, the team behind CLever to ensure that all CLever CVX inside of afCVX is fully optimized to create the highest yield possible. The CVX allocated into CLever earns yield from two places. First, the CVX deposited earns Votium incentive rewards, just like any other Convex wrapper. Then, CLever’s trademark 1.5x, non liquidating, stable leverage is utilized. clevCVX is minted at a 50% LTV against the CVX deposit and deposited into the CLever Furnace, where it earns additional yield while being “burned” from clevCVX into native CVX. **Part 2:** The other 20% of afCVX is deposited into Convex’s native liquid-staked CVX (stkCVX), which receives 4.5% of Curve fees captured by Convex ($343m, and counting) and is fully liquid at all times. The combination of these two parts grants afCVX instant liquidity and more efficient yield than any other Convex Wrapper. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.asymmetry.finance/afcvx-asymmetry-finance-convex/the-afcvx-token.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.