How to Lend Convex Finance (CVX)

Introduction

Lending Convex Finance can be an excellent choice for those looking to hold CVX while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Convex Finance (CVX) Tokens

   To lend Convex Finance, you must first possess it. To acquire Convex Finance, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   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

   Check out all 48 prices

2. 2. Select a Convex Finance Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Kucoin	Convex Finance (CVX)	Up to 0,5% APY

3. 3. Lend Your Convex Finance in Italy

   Once you've selected a platform to lend your Convex Finance, transfer your Convex Finance into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   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 interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks