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TVL $19MAPY 2.21%medium riskUpdated Feb 1, 2025

TricryptoUSDT Convex Deposit

Deposit Curve TricryptoUSDT LP tokens into Convex for boosted yields on this USDT, WBTC, and WETH tri-asset pool.

ProtocolConvex
Networkethereum
SymbolCVXCRVUSDTWBTCWETH
CategoryYield Vaults
Underlying Assets
USDTWBTCWETHCRVCVX
Contract Address0xb77ba8b4b9d981269466ee95796a9af57d4e82db

What is TricryptoUSDT Convex Deposit?

This vault optimizes yields for Curve's TricryptoUSDT pool through Convex Finance. The Tricrypto pool is one of Curve's flagship products, enabling efficient swaps between USDT, WBTC, and WETH using Curve's specialized volatile asset AMM design.

How This Vault Works

  1. Provide USDT, WBTC, and/or WETH to the Curve Tricrypto pool
  2. Stake LP tokens in this Convex vault
  3. Convex applies boosted CRV rewards
  4. Earn trading fees plus CRV and CVX
Yield Sources: Curve swap fees (higher for volatile pairs), boosted CRV emissions, CVX rewards.

Understanding the Tricrypto Pool

Curve's Tricrypto pools use a different AMM design than stablecoin pools:

  • Crypto Pool Algorithm: Designed for volatile asset pairs
  • Concentrated Liquidity: Automatically adjusts around current prices
  • Higher Fees: Typically 0.04-0.4% swap fees to compensate for impermanent loss risk
  • Three Asset Composition: Balances between major crypto assets and stablecoin

Pool Assets

USDT: Tether stablecoin providing dollar-denominated value WBTC: Wrapped Bitcoin bringing BTC exposure to Ethereum WETH: Wrapped Ether representing native ETH

This composition allows traders to efficiently swap between the three most important crypto assets.

Fee Structure

Standard Convex fees:

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

Tricrypto pools have higher base swap fees than stablecoin pools.

Risk Disclosures

Impermanent Loss Risk: Volatile asset pools have significant IL risk. Large price movements between USDT, WBTC, and WETH cause LP losses. Smart Contract Risk: Exposure to Curve's crypto pool algorithm, Convex, and all underlying asset contracts. WBTC Custody Risk: WBTC depends on BitGo custody of underlying Bitcoin. USDT Risk: Tether's reserve management and regulatory standing. Correlation Risk: Crypto assets can move together during market stress, but divergence between BTC and ETH causes additional IL. Higher Volatility: This pool is significantly more volatile than stablecoin 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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