How to Lend Convex Finance (CVX) in the cryptocurrency market

Introduction

Lending Convex Finance can be an excellent choice for individuals looking to hold CVX while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Convex Finance (CVX) Tokens

   To lend Convex Finance, you must first possess it. To acquire Convex Finance, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   Nexo	Convex Finance (CVX)	1.76 APY
   Binance	Convex Finance (CVX)	1.76 APY
   BTSE	Convex Finance (CVX)	1.75 APY
   Coinbase	Convex Finance (CVX)	1.76 APY
   Kraken	Convex Finance (CVX)	1.76 APY
   OKX	Convex Finance (CVX)	2.23 APY

   View all 48 prices

2. 2. Select a Convex Finance lending platform

   Once you have CVX, you'll need to select a Convex Finance lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Kucoin	Convex Finance (CVX)	Up to 0.5% APY

3. 3. Lend Your Convex Finance for attractive APY returns

   After selecting a platform to lend your Convex Finance, transfer your Convex Finance into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks