Convex Finance (CVX) is a DeFi protocol on the Ethereum blockchain that enhances staking rewards and yield optimization for CRV token holders and Curve liquidity providers. By staking with Convex, users can potentially receive increased CRV and liquidity mining rewards. CVX, the native platform token of Convex Finance, functions as an ERC-20 governance token. It can be staked on Convex Finance, allowing users to potentially earn a portion of Curve and Frax LP’s CRV and FXS earnings.
