Convex Finance: Staking on Curve Simplified and Maximized
Source: Convex Finance
WHAT IS CONVEX FINANCE?
Convex Finance is built on top of Curve that helps boost yields for stakers and liquidity providers. When you deposit your CRV tokens on Curve, Convex Finance automatically pools the boosts with other stakers so you can maximize your rewards without having to do anything.
It simplifies and at the same time enhances what could have been a tedious process on Curve for locking up CRV in order to get boosted yields automatically.
Meanwhile, liquidity providers can get incentives from trading fees. The best part? They can claim boosted CRV without having to lock in the CRV tokens themselves.
STEPS FOR STAKING:
Deposit assets into Curve pool (You’ll receive Curve LP tokens).
Go to Convex Finance.
Stake your Curve LP tokens onto desired pool.
Tip: Use zapper.fi to track your gains from yield farming.