Convex Finance
Convex Finance is a yield optimization platform built on top of Curve Finance, enabling users to earn enhanced rewards from Curve LP tokens. While it doesn't directly support borrowing, Convex maximizes staking yields that can be used as collateral in other DeFi platforms. It plays a strategic role in Curve’s ecosystem and often overlaps with borrowing strategies involving leveraged yield farming.
| Convex Finance | |
|---|---|
| Type | Yield Optimization |
| Supported Assets | Stablecoins, Curve Pools |
| APY Range (%) | 5%–40% |
| Impermanent Loss Risk | Low |
| Fees | Performance Fees |
| Security Measures | Smart Contract Audits |
| Complexity | Advanced |
| Blockchain(s) | Ethereum |
| Lock-up Periods | None (but 16-week lock for max rewards) |
| Governance Token | CVX |
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