Where and How to Lend Convex Finance (CVX)

Introduction

Lending Convex Finance can be a great option for those who want to hold CVX but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Convex Finance (CVX) Tokens

   In order to lend Convex Finance, you need to have it. To obtain Convex Finance, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Convex Finance (CVX)	3.15
   Bitpanda	Convex Finance (CVX)	3.16
   Uphold	Convex Finance (CVX)	3.2
   Kraken	Convex Finance (CVX)	3.12
   OKX	Convex Finance (CVX)	3.16
   Binance	Convex Finance (CVX)	3.12

   See all 20 prices

2. 2. Choose a Convex Finance Lender

   Once you have CVX, you’ll need to choose a Convex Finance lending platform to lend your tokens. You can see some options here.

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

3. 3. Lend Your Convex Finance

   Once you’ve chosen a platform to lending your Convex Finance, transfer your Convex Finance into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.