DeFi

Convex Finance Live On Arbitrum

Convex Finance, a curve-based yield system, announced that it is now operational on Arbitrum. Users may stake Curve LP tokens on Convex to get increased payouts on Arbitrum.

Convex Finance on Arbitrum will have a similar interface and functionality to Convex on Ethereum. The procedure for providing liquidity on Curve, staking LP tokens on Convex to receive the socialized boost, and collecting rewards is the same as before.

According to Convex, LP tokens for Convex pools on Arbitrum are transferable between addresses, and CVX awards for LPs on the platform will be given based on the proportion of votes for pools in the biweekly vlCVX gauge weight votes.

Convex will also interface with Sentiment, an Arbitrum-based lending protocol, to give users access to leveraged posits.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.