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TVL $125MAPY 1.85%low riskUpdated Feb 1, 2025

3pool Convex Deposit

Deposit Curve 3pool LP tokens into Convex for boosted yields on the foundational DAI/USDC/USDT stablecoin pool.

ProtocolConvex
Networkethereum
SymbolCVX3CRV
CategoryYield Vaults
Underlying Assets
DAIUSDCUSDTCRVCVX
Contract Address0xe4f5a6b7c8d9e0f1a2b3c4d5e6f7a8b9c0d1e2f3

What is 3pool Convex Deposit?

This vault optimizes yields for Curve's legendary 3pool through Convex Finance. The 3pool is the foundational stablecoin pool in DeFi, pairing DAI, USDC, and USDT in a single highly liquid pool that serves as the base layer for numerous metapools.

Understanding Curve's 3pool

The 3pool holds special significance in DeFi:

  1. Base Layer Pool: Many metapools pair with 3CRV rather than individual stablecoins
  2. Deep Liquidity: One of the deepest stablecoin pools in existence
  3. Fee Accumulation: Trading fees from the pool plus all metapools using 3CRV
  4. Benchmark Pool: Sets the standard for stablecoin swap efficiency

3CRV LP tokens are foundational building blocks in Curve's ecosystem.

How 3pool Works

The 3pool mechanism:

  • Equal-weighted DAI/USDC/USDT composition (targets 33% each)
  • StableSwap invariant for low-slippage trades
  • Dynamic fees based on pool imbalance
  • Virtual price increases as fees accumulate

How This Vault Works

  1. Provide DAI, USDC, and/or USDT to 3pool
  2. Stake 3CRV LP tokens in Convex vault
  3. Convex applies maximum veCRV boost
  4. Earn trading fees + CRV + CVX
Yield Sources: 3pool trading fees, metapool fee sharing, boosted CRV emissions, CVX incentives.

Fee Structure

Convex standard fees:

  • 16% of CRV rewards
  • No deposit/withdrawal fees

Curve 3pool base fee: 0.04% (dynamic adjustment).

3pool's Role in Curve Ecosystem

The 3pool serves critical functions:

  • Base layer for metapool architecture
  • Deep liquidity for stablecoin routing
  • Benchmark for stablecoin health
  • Core component of Curve's TVL

cvxCRV, vlCVX, and Protocol Mechanics

Convex's value proposition for 3pool depositors:

  • Maximum boost without individual CRV locking
  • cvxCRV stakers subsidize the boost infrastructure
  • vlCVX governance controls gauge weights
  • Sustainable yield from protocol fees

Risk Disclosures

Smart Contract Risk: Curve 3pool is one of the most battle-tested contracts in DeFi. Convex adds additional contract exposure. Stablecoin Risk: Exposure to three major stablecoins with different backing:
  • DAI: Decentralized, crypto-collateralized
  • USDC: Centralized, fiat-backed (Circle)
  • USDT: Centralized, fiat-backed (Tether)
Depeg Contagion: If one stablecoin depegs, 3pool LPs absorb losses while the pool rebalances. Regulatory Risk: USDC and USDT face regulatory scrutiny. Actions against issuers could affect liquidity. Impermanent Loss: Minimal when all three maintain peg, but depeg events cause IL. Lower APY: As a foundational pool, 3pool typically has lower APY than newer, incentivized pools.

Related Yield Vaults

USPD/USDC Convex Deposit1.34% APYDOLA/sUSDe Convex Deposit4.65% APYFRAXUSDe Convex Deposit2.50% APYYearn WETH yVault1.82% APYCurve.fi Factory Pool: stETH-ng Convex Deposit1.27% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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