How to Farm on Convex
Convex Finance supercharges Curve yields. Deposit Curve LP tokens to receive boosted CRV rewards plus CVX tokens, without needing to lock veCRV yourself.
Why Use Convex?
Benefits:- Maximum CRV boost (2.5x) automatically
- Additional CVX rewards
- No need to lock CRV
- Compound rewards easily
| Approach | CRV Boost | Extra Rewards |
|---|---|---|
| . . . . . | . . . . . - | . . . . . . . - |
| Direct Curve (no veCRV) | 1x | None |
| Direct Curve (veCRV) | Up to 2.5x | None |
| Convex | 2.5x | CVX tokens |
How Convex Works
- Convex holds massive veCRV
- Your deposits get max boost
- You earn CRV + CVX
- Convex takes small fee
. -
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Step-by-Step Instructions
1
Get Curve LP Tokens
First, deposit into a Curve pool to receive LP tokens.
Tips
- ✓See Curve liquidity guide for details
- ✓Popular pools: 3pool, stETH, FRAX
2
Go to Convex
Visit convexfinance.com and connect your wallet.
Warnings
- ⚠Only use convexfinance.com
- ⚠Verify URL carefully
3
Find Your Pool
Search for your Curve pool in the Stake section. Match the LP token you have.
Tips
- ✓Pools are named same as Curve
- ✓Check APY estimates
4
Stake LP Tokens
Click Deposit, enter amount, approve if needed, and confirm.
Tips
- ✓One-time approval per token
- ✓Gas can be significant on Ethereum
5
Monitor Rewards
View accruing rewards: CRV, CVX, and any pool-specific incentives.
Tips
- ✓Rewards shown in real-time
- ✓Claim anytime or let accumulate
6
Claim Rewards
Click Claim to harvest CRV and CVX. Gas cost varies with complexity.
Tips
- ✓Batch claims when possible
- ✓Consider gas cost vs reward size
7
Compound (Optional)
Sell rewards for more LP tokens to compound, or hold CRV/CVX.
Tips
- ✓CVX can be staked for vlCVX
- ✓CRV can be staked on Curve