How to Lend Convex Finance (CVX): A Step-by-Step Guide for Spain

Introduction

Lending Convex Finance can be an excellent choice for those looking to hold CVX while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. Acquire Convex Finance (CVX) Tokens

To lend Convex Finance, you first need to possess it. To acquire Convex Finance, you'll have to buy it. You can select from these popular exchanges available in Spain.

Plataforma	Cripto	Price
Nexo	Convex Finance (CVX)	1,77 APY
Binance	Convex Finance (CVX)	1,78 APY
BTSE	Convex Finance (CVX)	1,77 APY
Coinbase	Convex Finance (CVX)	1,77 APY
Kraken	Convex Finance (CVX)	1,76 APY
OKX	Convex Finance (CVX)	2,23 APY

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2. Select a Convex Finance Lender
Once you have CVX, you'll need to select a Convex Finance lending platform to lend your tokens. You can explore some options here.
Plataforma Cripto APY
Kucoin Convex Finance (CVX) Hasta 0,5% APY
3. Lend Your Convex Finance
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.
4. Generate Earnings
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.