Convex Finance allows liquidity providers Curve.fi to receive trading commissions and demand an increase in CRVs without blocking the CRVs themselves. Liquidity providers can receive higher CRVs and liquidity mining rewards with minimal effort.
Contents:
About Convex Finance
Convex allows users to receive trading commissions as well as a fraction of the increased CRV, received by liquidity providers. This allows for a better balance between liquidity providers and CRV participants, as well as improving capital efficiency.
CRV members and liquidity providers get rewards for mining liquidity in the form of CVX. Convex rewards CRV members with a fraction of the increased CRV on the Convex platform, making it an ideal place for those looking to place CRV bets while remaining liquid.
Features of the platform:
| 1. | Earn a portion of the Convex platform commission fees at CRV. |
| 2. | Receive commission on trading from the Curve platform (3CRV). |
| 3. | Receive CVX rewards. |
| 4. | Require veCRV aids such as EPS. |
Convex allows liquidity providers to receive trading commissions and demand an increase in CRVs without blocking the CRVs themselves. Liquidity providers can receive higher CRVs and liquidity mining rewards with minimal effort. Convex Finance operates by using the Ethereum blockchain. To interact with the dApp, you need an Ethereum wallet like Metamask. After setting up your wallet, go to Convex Finance. From there, you can navigate to the various sections of the website and interact with it.
Where else can you find information about the DeFi project
You can get more information about the project through a special introductory document. It contains the rules of work, as well as much more. RoadMap is not available now. Check out the Medium blog for the latest articles.
From social networks, the community actively conducts:
- twitter;
- discord;
- telegram.
Subscribe to stay up to date with all news. Smart contract audit is available here.