How to Lend Convex Finance (CVX) in Vietnam

Introduction

Lending Convex Finance is an excellent choice for those looking to hold CVX while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Convex Finance (CVX) Tokens

   To lend Convex Finance, you must first own it. To acquire Convex Finance, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Convex Finance (CVX)	1.76
   Binance	Convex Finance (CVX)	1.76
   BTSE	Convex Finance (CVX)	1.75
   Coinbase	Convex Finance (CVX)	1.76
   Kraken	Convex Finance (CVX)	1.76
   OKX	Convex Finance (CVX)	2.23

   View all 48 prices

2. 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 find some options listed here.

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

3. 3. Lend Your Convex Finance

   After selecting a platform to lend your Convex Finance, transfer your Convex Finance into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.