Convex DAO dao
Overview
Convex Finance is a decentralized finance (DeFi) protocol built on Curve Finance that allows liquidity providers and CRV stakers to earn higher rewards and trading fees. It simplifies staking and boosts yield by pooling CRV and locking it, while distributing veCRV benefits to participants. The platform is governed by its community through the Convex DAO and uses the CVX token for governance and rewards.
Within the DeFi Intel graph, Convex DAO connects to 2 tracked entities, most strongly to Convex Finance, CVX.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
governs | Convex Finance | 95% |
supports_token | CVX | 95% |
More on Convex DAO
Frequently asked questions
What does Convex do for Curve LPs?
It pools users' deposits so they receive boosted Curve rewards without individually locking CRV for veCRV.
What is cvxCRV?
A tokenised representation of a Curve position on Convex that can be staked for extra rewards while remaining transferable.
What is CVX used for?
CVX is Convex's governance token; locking it grants voting power to direct emissions on Curve, Frax and f(x) Protocol in 14-day cycles.
Related reading
Sources
Facts on this page were verified against the following sources.