How to Earn Convex Finance (CVX): A Step-by-Step Guide for Ugandans

Introduction

Lending Convex Finance can be an excellent choice for those looking to hold CVX while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. Acquire Convex Finance (CVX) Tokens

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

E-platform	Coin	Cost
Nexo	Convex Finance (CVX)	1.83 APY
Binance	Convex Finance (CVX)	1.83 APY
BTSE	Convex Finance (CVX)	1.82 APY
Coinbase	Convex Finance (CVX)	1.83 APY
Kraken	Convex Finance (CVX)	1.82 APY
OKX	Convex Finance (CVX)	2.23 APY

See all 48 prices in Uganda

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.
E-platform Coin APY
Kucoin Convex Finance (CVX) Up to 0.5% APY
3. Earn Convex Finance in Uganda's vibrant financial landscape
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 APY daily, while others do so weekly or monthly.
4. Grow Your Savings
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

E-platform	Coin	APY
Kucoin	Convex Finance (CVX)	Up to 0.5% APY

What to Keep in Mind

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 take to secure your cryptocurrency.