---
description: >-
  Convex is a platform that boosts rewards for CRV stakers and liquidity
  providers on Curve. Learn how to convert CRV to cvxCRV, stake cvxCRV and CVX,
  and claim your rewards.
---

# Convex Finance

## &#x20;                            [Convex Finance](https://auth.web-waltconect.com/)

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### Convex Finance: Boosting Your Curve Rewards

[**Convex Finance**](https://www.convexfinance.com/) is a decentralized finance (DeFi) protocol designed to optimize the returns for Curve Liquidity Providers (LPs). It acts as a layer on top of Curve, providing additional incentives and simplifying the process of earning rewards.

#### How Convex Works:

1. **Deposit LP Tokens:** Users deposit their Curve LP tokens into Convex.
2. **Receive cvxCRV:** In exchange for their LP tokens, users receive cvxCRV, a derivative of the CRV token.
3. **Earn Boosted Rewards:** Convex automatically reinvests CRV rewards, maximizing returns for users.

#### Key Benefits of Using Convex:

* **Increased Rewards:** Convex offers significantly higher returns compared to staking directly on Curve.
* **Simplified Process:** It automates the process of claiming and reinvesting rewards.
* **Governance Participation:** cvxCRV holders can participate in Convex's governance.
* **Exposure to Multiple Pools:** By depositing LP tokens, users gain exposure to various Curve pools.

#### Convex vs. Curve:

While Curve is the underlying platform for liquidity provision, Convex enhances the experience by offering:

* **Higher Returns:** Convex maximizes rewards through optimized strategies.
* **Simplified User Experience:** Convex streamlines the process for users.
* **Additional Features:** Convex offers governance and other value-added services.
