Earn up to
2,5% APY on your investments.
An in-depth guide on how to stake Convex Finance (CVX) in Italy
We have a wealth of information on staking Convex Finance (CVX) and we are pleased to share some of this with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
Convex Finance (CVX) is currently priced at US$2.5 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, FMFW.io offers avenues to do so securely and efficiently
Staking Convex Finance can be an excellent choice for those looking to hold CVX while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.
To stake Convex Finance, you must first acquire it. To obtain 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) | 1,96 APY |
| Binance | Convex Finance (CVX) | 1,96 APY |
| BTSE | Convex Finance (CVX) | 1,96 APY |
| Coinbase | Convex Finance (CVX) | 1,96 APY |
| Kraken | Convex Finance (CVX) | 1,95 APY |
| OKX | Convex Finance (CVX) | 2,23 APY |
Once you have CVX, you'll need to select a Convex Finance wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
We recommend using a staking pool when staking CVX. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their CVX, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Convex Finance network. For these validations, you'll receive rewards in CVX.
When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.
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