Convex Finance protocol
Overview
Convex Finance is a yield-boosting layer built on top of vote-escrow DeFi protocols, principally Curve. Curve pays its highest rewards to liquidity providers who lock CRV for veCRV, which is illiquid and impractical for most users; Convex aggregates CRV into a single large veCRV position and lets ordinary liquidity providers deposit their Curve LP tokens to receive boosted rewards without locking anything themselves. Depositors earn CRV plus CVX, Convex's own token, and can claim at any time while retaining the ability to withdraw. Users who supply CRV receive cvxCRV, a liquid representation of staked Curve rewards that can itself be staked for additional yield, while CVX can be locked to direct Convex's accumulated governance power. Beyond Curve, Convex supports Frax, Prisma and f(x) Protocol, and its front page tracks total value locked, platform revenue and the veCRV, veFXS, veFXN and RSUP voting power it controls. Convex launched as a Curve yield optimiser and became one of the largest holders of veCRV voting power, a position central to the so-called 'Curve wars'. It later extended the same boosted-staking model to Frax, Prisma and f(x) Protocol.
Within the DeFi Intel graph, Convex Finance connects to 9 tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 9 of 9 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Polygon | 95% |
auto-compounds_into | Curve DEX | 95% |
deployed_on | Fraxtal | 95% |
supports_token | CVX | 95% |
governs | Convex DAO | 95% |
audited_by | MixBytes | 90% |
controls_share_of | veCRV | 85% |
Frequently asked questions
What is Convex Finance?
Convex Finance is a yield tracked in the DeFi Intel knowledge graph. It is connected to 9 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
What type of entity is Convex Finance?
Convex Finance is classified as a yield (protocol) in the DeFi Intel knowledge graph.
What is Convex Finance connected to?
In the DeFi Intel knowledge graph, Convex Finance is linked to 9 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
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