Convex Finance

Convex Finance (CVX) is a governance token for the Convex platform, a yield optimizer for Curve Finance. Learn about its price, market cap, trading volume, historical data, and how to …

https://www.convexfinance.com/

https://www.convexfinance.com/

Convex Finance: A Boost for Curve Liquidity Providers

Convex Finance is a decentralized finance (DeFi) platform built on top of Curve. It's designed to optimize the returns for Curve Liquidity Providers (LPs) by automating the process of staking and claiming rewards.

How Convex Works

1. Deposit LP Tokens: Users deposit their Curve LP tokens (e.g., USDC/USDT) into Convex.

2. Receive cvxCRV: In exchange, users receive cvxCRV tokens, which represent their share of the pool.

3. Earn Boosted Rewards: Convex automatically reinvests CRV rewards, maximizing returns for users.