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Convex Finance
Convex Finance

Convex Finance

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Convex Finance Review

Convex Finance, launched on May 17, 2021, is a DeFi protocol that enhances yield for Curve Finance users, focusing on boosting rewards for CRV token holders and liquidity providers. Founded by a group of anonymous developers, Convex quickly became popular in the DeFi space, gaining substantial value locked (TVL) and securing a strong role in Curve’s governance system. The platform’s CVX token, capped at 100 million, is used for governance and rewards, giving users the benefit of high-yield opportunities without lengthy lock-ups. With its recent expansion to Polygon, Convex now offers even lower fees and faster transactions, making it a solid choice for anyone looking to optimize their returns in the DeFi ecosystem.

TVL
$919 857 093
Blockchain
N/A
Promo bonus
No bonus for now
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Convex Finance offers

ETH
STETH
Est. APY
2.5%
Status
Available
Term
Flexible
TVL$93 295 429
Blockchain
Ethereum
Ethereum
ETH
STETH
Est. APY
2.1%
Status
Available
Term
Flexible
TVL$56 098 464
Blockchain
Ethereum
Ethereum
CVX
Est. APY
5.72%
Status
Available
Term
Flexible
TVL$28 616 216
Blockchain
Ethereum
Ethereum
USDT
USDC
DAI
Est. APY
4.73%
Status
Available
Term
Flexible
TVL$1 977 050
Blockchain
Ethereum
Ethereum
USDC
FRAX
Est. APY
5.33%
Status
Available
Term
Flexible
TVL$1 670 912
Blockchain
Ethereum
Ethereum
USDP
FRAX
Est. APY
0.02%
Status
Available
Term
Flexible
TVL$11 267
Blockchain
Ethereum
Ethereum
ETH
RETH
Est. APY
1.25%
Status
Available
Term
Flexible
TVL$101 698
Blockchain
Ethereum
Ethereum
ETH
CBETH
Est. APY
1.25%
Status
Available
Term
Flexible
TVL$259 181
Blockchain
Ethereum
Ethereum
WSTETH
RETH
Est. APY
2.76%
Status
Available
Term
Flexible
TVL$235 849
Blockchain
Ethereum
Ethereum
ETH
RETH
Est. APY
2.09%
Status
Available
Term
Flexible
TVL$158 400
Blockchain
Ethereum
Ethereum
STETH
WETH
Est. APY
1.85%
Status
Available
Term
Flexible
TVL$30 125
Blockchain
Ethereum
Ethereum
ETH
OETH
Est. APY
2.93%
Status
Available
Term
Flexible
TVL$23 277 895
Blockchain
Ethereum
Ethereum
ETH
FRXETH
Est. APY
4.36%
Status
Available
Term
Flexible
TVL$7 886 740
Blockchain
Ethereum
Ethereum
FRAX
FPI
Est. APY
0.06%
Status
Available
Term
Flexible
TVL$2 335 937
Blockchain
Ethereum
Ethereum
WETH
FRXETH
Est. APY
5.38%
Status
Available
Term
Flexible
TVL$9 855 235
Blockchain
Ethereum
Ethereum
STETH
FRXETH
Est. APY
2.41%
Status
Available
Term
Flexible
TVL$21 483 112
Blockchain
Ethereum
Ethereum
WBTC
SBTC
Est. APY
0.04%
Status
Available
Term
Flexible
TVL$484 829
Blockchain
Ethereum
Ethereum
USDT
USDC
+2
Est. APY
0.82%
Status
Available
Term
Flexible
TVL$118 903
Blockchain
Ethereum
Ethereum
ADAI
AUSDC
AUSDT
Est. APY
4.42%
Status
Available
Term
Flexible
TVL$420 392
Blockchain
Ethereum
Ethereum
RETH
FRXETH
Est. APY
8.66%
Status
Available
Term
Flexible
TVL$904 935
Blockchain
Ethereum
Ethereum
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Crypto earn alerts on Convex Finance

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Convex Finance, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Convex Finance.

Earning crypto on Convex Finance

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Convex Finance. Check the table above for all the details.

Current TVL of the Convex Finance protocol

The Convex Finance protocol's Total Value Locked (TVL) is currently $919 857 093. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Convex Finance is holding.

Convex Finance protocol type

Convex Finance is a yield-focused DeFi tool that makes it easier for users to grow their crypto assets. By using automated strategies, Convex Finance manages liquidity pools and adjusts assets based on current market trends. This means users can enjoy passive income with little effort, benefiting from a steady and reliable approach to returns in the DeFi space.

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