Where and How to Earn Convex Finance (CVX)

Introduction

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

Step-by-Step Guide

1. 1. Acquire Convex Finance (CVX) Tokens

   To lend Convex Finance, you must first acquire it. To obtain Convex Finance, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   Platform	Coin	Price
   Nexo	Convex Finance (CVX)	1.96
   Binance	Convex Finance (CVX)	1.96
   BTSE	Convex Finance (CVX)	1.96
   Coinbase	Convex Finance (CVX)	1.96
   Kraken	Convex Finance (CVX)	1.95
   OKX	Convex Finance (CVX)	2.23

   See all 48 prices

2. 2. Choose 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.

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

3. 3. Earn Convex Finance

   Once you've selected a platform to earn your Convex Finance, transfer your Convex Finance into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

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

What to be Aware of

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 have in place to secure your cryptocurrency.