Description
Convex Finance is a DeFi platform that optimizes yields for Curve Finance liquidity providers and CRV stakers by simplifying the staking process. It allows users to earn additional DeFi tokens and boosted CRV rewards without locking their CRV. Through depositing Curve LP tokens into Convex, users receive cvxCRV tokens, benefitting from Convex's significant voting power in Curve's DAO. It introduces the CVX token to further incentivize participation. As a platform on Ethereum, Convex maximizes capital efficiency, offering a streamlined interface to increase participation in the DeFi space. With no deposit or withdrawal fees and low performance fees, Convex offers an accessible methodology for enhanced yield earnings. The circulating supply of CVX ranges between 97 and 99 million, with active trading across 225 markets. Convex's utility is bolstered with tokenized forms like cvxFXN and cvxPRISMA, underscoring its commitment to maximizing stakeholder returns and simplifying yield-optimized DeFi participation.
Convex Finance is a DeFi platform that optimizes yields for Curve Finance liquidity providers and CRV stakers by simplifying the staking process. It allows users to earn additional DeFi tokens and boosted CRV rewards without locking their CRV. Through depositing Curve LP tokens into Convex, users receive cvxCRV tokens, benefitting from Convex's significant voting power in Curve's DAO. It introduces the CVX token to further incentivize participation. As a platform on Ethereum, Convex maximizes capital efficiency, offering a streamlined interface to increase participation in the DeFi space. With no deposit or withdrawal fees and low performance fees, Convex offers an accessible methodology for enhanced yield earnings. The circulating supply of CVX ranges between 97 and 99 million, with active trading across 225 markets. Convex's utility is bolstered with tokenized forms like cvxFXN and cvxPRISMA, underscoring its commitment to maximizing stakeholder returns and simplifying yield-optimized DeFi participation.