Earn up to
0.5% APY in Canada
An in-depth guide on how to lend Convex Finance (CVX) in Canada
We have a wealth of information on lending Convex Finance (CVX) and we are excited to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
Convex Finance (CVX) is currently priced at US$0.5 with a 24-hour trading volume of US$63.92M. The market cap of Convex Finance stands at US$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
Lending Convex Finance can be an excellent choice for Canadians looking to hold CVX while earning a yield. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.
To lend Convex Finance in Canada, you first need to acquire it. To obtain Convex Finance, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Once you have CVX, you'll need to choose a Convex Finance lending platform to lend your tokens. You can explore some options available in Canada here.
| Platform | Coin | APY |
|---|---|---|
| Kucoin | Convex Finance (CVX) | Up to 0.5% APY in Canada |
Once you've selected a platform to lend your Convex Finance, transfer your Convex Finance into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a lending platform that offers compounding interest to maximise your returns.
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
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