Convex Finance company info

What does Convex Finance do?
Convex Finance (CRYPTO:CVX) stands as a prominent decentralized finance (DeFi) protocol operating within the Ethereum blockchain ecosystem. Its primary function is to enhance the rewards users earn on their Curve Liquidity Provider (LP) tokens by utilizing the Curve Finance protocol. Users deposit their Curve LP tokens into Convex Finance, which subsequently stakes these assets on Curve Finance. The rewards, referred to as "boosted rewards," are generated through the CVX token, a native token of Convex Finance. CVX token holders possess voting power, enabling them to influence the development of Convex Finance and the broader Curve ecosystem. As part of their ongoing projects, Convex Finance is actively working on a mobile app, exploring integration opportunities with other DeFi protocols, and contemplating expansion to different blockchains. Their objectives align with making DeFi participation more accessible and profitable for users, enhancing decentralized exchange liquidity, and supporting the broader development of the Curve ecosystem. Convex Finance's contributions to the DeFi landscape are noteworthy, as it plays a pivotal role in improving Curve Finance and DeFi in general. The platform's focus on boosting rewards and collaborating with other DeFi projects underscores its commitment to enhancing the decentralized financial ecosystem.
Convex Finance company media
Company Snapshot

How many people does Convex Finance employ?

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Employees
20+

What is the market cap for Convex Finance?

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Market Cap
$233.58M

Where is the head office for Convex Finance?

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Head Office
San Francisco, CA

What year was Convex Finance founded?

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Year Founded
2020
What does Convex Finance specialise in?
/DeFi

What are the products and/or services of Convex Finance?

Overview of Convex Finance offerings
Boosted Curve LP rewards: Convex Finance users can deposit their Curve LP tokens into the Convex Finance platform to earn boosted rewards. The boosted rewards are generated by Convex Finance's own token, CVX.
Convex Finance is a versatile platform that offers a variety of services to users. It is a leading player in the DeFi ecosystem and is making significant contributions to the development of Curve Finance and the broader DeFi space.
CVX staking: CVX token holders can stake their tokens on Convex Finance to earn rewards in the form of additional CVX tokens and trading fees.
Governance: Convex Finance is a decentralized protocol, and its governance is powered by its own token, CVX. CVX token holders can vote on proposals to improve Convex Finance and the Curve ecosystem.
Liquidity: Convex Finance provides liquidity to a variety of decentralized exchanges (DEXs) by staking Curve LP tokens on Curve Finance.
Voting: CVX token holders can vote on proposals to improve Convex Finance and the Curve ecosystem.
Yield farming: Convex Finance users can participate in yield farming by depositing their Curve LP tokens into Convex Finance and staking the cvxCRV tokens that they receive in return.