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
Convex vs Direct Curve:
| 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
. -
Track your Convex yields with Fensory. All rewards in one view.
Start Tracking →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
