Introduction
Lending Convex Finance can be a great option for those who want to hold CVX but earn yield. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Convex Finance (CVX) Tokens
To lend Convex Finance, you'll need to have it. To get Convex Finance, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a Convex Finance Lender
Once you have CVX, you'll need to choose a Convex Finance lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Convex Finance (CVX) Up to 0.5% APY 3. Earn Convex Finance
Once you've chosen a platform for earning your Convex Finance, transfer your Convex Finance into your wallet on the earning platform. Once it's deposited, it'll start earning interest. Some platforms pay interest daily, while others offer it weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Convex Finance (CVX) is currently priced at USD 0.5 with a 24-hour trading volume of USD 63.92M. The market cap of Convex Finance stands at USD 337.75M, with 81.99M CVX in circulation. For those looking to buy or trade Convex Finance, Kucoin offers avenues to do so securely and efficiently
- Market cap
- USD 337.75M
- 24h volume
- USD 63.92M
- Circulating supply
- 81.99M CVX