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Convex Finance
CVX

About Convex Finance

Convex Finance is a decentralized finance (DeFi) protocol initiated by a team of anonymous developers. It is built on the Curve Finance platform and aims to enhance the rewards for liquidity providers and CRV stakers of Curve.fi (CRV). The platform functions by interlinking with Curve Finance, which rewards its liquidity providers with CRV tokens and platform trading fees. Users can stake CRV tokens for up to 4 years to receive veCRV (vote-escrowed CRV) in return—the longer the staking period, the greater the rewards in veCRV. Key tokens on the platform include the native Convex Token (CVX), which can be staked to earn a share of platform-generated fees in cvxCRV, the platform's liquidity pool token that can be swapped for CRV. CVX is also used for governance voting, influencing gauge weig...

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