Latest Movements in the Market
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- Market capitalisation
- US$337,75M
- 24-hour trading volume
- US$63,92M
- Circulating supply
- 81,99M CVX
Earn up to
2,5% APY
A comprehensive guide on how to stake Convex Finance (CVX)
We have a wealth of information on staking Convex Finance (CVX) and we're excited to share some of this with you.
We present some staking options with other cryptocurrencies that may pique your interest.
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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 overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
To stake Convex Finance, you first need to acquire it. To obtain Convex Finance, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Once you have CVX, you'll need to choose a Convex Finance wallet to store your tokens securely. Here are some solid options to consider.
We recommend using a staking pool when staking CVX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CVX, which increases 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. You'll be rewarded with CVX for these validations.
There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.