Convex Finance
Platform that boosts Curve liquidity provider rewards without users locking CRV themselves.
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Convex Finance key facts
| Category | Yield platform |
|---|---|
| Chains | Ethereum |
| Platforms | Web |
| Custody | Non-custodial |
| Fees | 17% of CRV rewards |
| Security audits | MixBytes (2021), PeckShield (2022), Nomoi (2023), ChainSecurity (2023) |
| Token | CVX; cvxCRV |
CVX token
- Price
- $1.77 +1.0% 24h
- Market cap
- $165.3M
- Fully diluted value
- $177.4M
- 30-day change
- -14.4%
Market data: CoinGecko, updated Nov 10, 2026. Educational content, not financial advice.
What is Convex Finance?
Convex Finance lets Curve liquidity providers deposit LP tokens to earn Curve trading fees and boosted CRV without locking CRV themselves. Convex takes 17% of CRV earned on the platform: 10% to cvxCRV stakers, 4.5% to CVX stakers, 2% to the treasury and 0.5% to the harvest caller. Its docs list audits by MixBytes, PeckShield, Nomoi and ChainSecurity from 2021 to 2023.
How Convex Finance works
Convex pools veCRV voting power so that Curve LP tokens staked through it earn boosted CRV without each depositor locking CRV.
You deposit Curve LP tokens and earn Curve trading fees, boosted CRV and CVX. Convex runs the same model for Frax LPs, where it takes 20% of FXS, and for FX Protocol, where cvxFXN stakers get 75% of FX Protocol revenue.
CRV holders can instead deposit CRV, which Convex locks forever as veCRV, and receive cvxCRV 1:1; the conversion is one-way, so getting CRV back means swapping in a liquidity pool. Staked cvxCRV earns Curve admin fees, a share of CRV and CVX. The 3 of 5 multisig, with members from Convex, Llama Airforce, Votium and Frax, votes on Curve gauge weights and DAO proposals and can pause new deposits while still allowing withdrawals.
How to start with Convex Finance
- First provide liquidity on Curve to get LP tokens, then connect an Ethereum wallet to Convex.
- On the Stake tab, find the Stake Curve LP Tokens section, pick the pool and enter an amount.
- A first deposit needs an Approve transaction, then Deposit and Stake.
- You can withdraw LP tokens at any time from the pool's Withdraw tab.
Convex Finance fees and limits
- On Curve pools Convex takes 17% of CRV rewards: 10% to cvxCRV stakers, 4.5% to CVX stakers, 2% to the treasury and 0.5% to the harvest caller.
- The multisig can adjust each share within hard-coded ranges, with an absolute ceiling of 20%.
- Frax LPs pay 20% of FXS, and FXN boosted LPs pay 17%.
No fee is taken on extra incentive tokens or veCRV admin fees. Ethereum gas is extra for every approve, deposit and claim.
Risks to know before using Convex Finance
- Your position depends on Convex contracts and on Curve and Frax, which Convex says users are also exposed to.
- Convex's docs list audits by MixBytes (April 2021), PeckShield (April 2022, September 2022, November 2022), Nomoi (January 2023) and ChainSecurity (April 2023).
- Admin functions have no timelock; Convex says the multisig has no direct access to user deposits, and its pause functions still let users withdraw all funds.
Convex Finance usage
From DefiLlama (TVL) (fees users paid), updated Nov 10, 2026.
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Where Convex Finance ranks on DappAtlas
Listed next to Convex Finance
- Morpho Lending protocol
- Curve Finance Decentralized exchange
- Aerodrome Decentralized exchange
Convex Finance pros and cons
- Boosted CRV rewards with no CRV lock of your own
- Fee split published line by line
- Audits by MixBytes, PeckShield, Nomoi and ChainSecurity
- 17% fee on CRV rewards
- Depends on Curve pools and CRV emissions
- Admin multisig actions have no timelock
Convex Finance FAQ
What is Convex Finance?
Convex Finance lets Curve liquidity providers deposit LP tokens to earn Curve trading fees and boosted CRV without locking CRV themselves. Convex takes 17% of CRV earned on the platform: 10% to cvxCRV stakers, 4.5% to CVX stakers, 2% to the treasury and 0.5% to the harvest caller. Its docs list audits by MixBytes, PeckShield, Nomoi and ChainSecurity from 2021 to 2023.
How much value is locked in Convex Finance?
$493.7M according to DefiLlama on Nov 10, 2026. It is deployed on 4 chains: Ethereum, Fraxtal, Arbitrum, Polygon.
How much does Convex Finance cost?
17% of CRV rewards, according to Convex Finance’s own page (checked Sep 26, 2026).
How much do users pay Convex Finance in fees?
$2.1M over the last 30 days, according to DefiLlama on Nov 10, 2026.
Does Convex Finance have a token?
Yes, CVX. Its market cap was $165.3M on CoinGecko on Nov 10, 2026. Educational content, not financial advice.
Does Convex Finance hold my funds?
No. Convex Finance is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Convex Finance: official site, Convex Finance: Docs, Fees, Convex Finance: Docs, Audits. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.