The Convex Finance ecosystem is about to get a whole lot more creative! We’re thrilled to announce the launch of our brand-new Convex Creator Collective rewards program — a six-month initiative designed to celebrate and reward the amazing content creators who help spread the word about boosted staking, governance power, and the future of DeFi yield optimization.

What is the Convex Creator Collective?

The Convex Creator Collective is our way of saying “thank you” to the creative minds who bring the Convex story to life. Whether you’re a seasoned DeFi content creator or just getting started in the space, this program offers incredible opportunities to earn CVX tokens while doing what you love most — creating engaging, educational content that helps users unlock the full potential of Convex Finance!

Community-Driven Monthly Rewards

10,000 CVX tokens distributed among the top 5 creators each month

- Expert judging panel: Core team members alongside respected community voices will evaluate submissions and vote for winners based on quality, accuracy, and impact

-Quality and engagement over quantity — we value thoughtful, well-researched content that truly resonates with the DeFi community and helps users understand the power of boosted yields

- Tiered reward structure:

- 🥇 1st Place: 5,000 CVX (50%) — The cream of the crop, the content that sets the standard

- 🥈 2nd Place: 3,000 CVX (30%) — Outstanding work that educates and inspires

- 🥉 3rd Place: 1,000 CVX (10%) — Excellent content that moves the needle

- 4th Place: 500 CVX (5%)— Great contributions to the ecosystem

- 5th Place: 500 CVX (5%) — Valuable additions to the Convex narrative

- 6-month program duration (plenty of time to create amazing content and build your audience!)

- Multiple content formats accepted — we celebrate all forms of creativity and education

What Content Qualifies?

We’re looking for authentic, engaging content that showcases Convex Finance, boosted staking, vlCVX governance, and the incredible yield opportunities across Curve, Frax, and f(x) Protocol. **All content must be actively promoted by you on social media platforms, YouTube, or other public channels** — simply submitting to Discord alone does not qualify. Here’s what we’re excited to see:

📝 Articles & Blog Posts

Deep dives into boosted staking mechanics, comprehensive guides on maximizing yields, vlCVX governance tutorials, LP strategy breakdowns, protocol comparisons, and thought-provoking pieces about the future of DeFi yield optimization

🎥 Videos

Explainer videos on how Convex works, step-by-step tutorials for depositing LP tokens, yield farming strategy guides, platform walkthroughs, governance voting tutorials, creative storytelling about the Convex ecosystem, and comparison videos with other DeFi protocols

🎙️ Podcasts

In-depth interviews with Convex users and community members, discussions about DeFi trends and Convex’s role, educational episodes breaking down complex concepts like vote-locking and gauge weights, and conversations about governance and protocol evolution

🐦 Social Media Content

Engaging Twitter threads explaining Convex features, bite-sized tips for maximizing yields, governance update summaries, compelling posts about new pool launches, and shareable content that drives awareness and education

🎨 Creative Content

Infographics visualizing how boosted rewards work, animated explainers of the Convex flywheel, comparison charts showing yield advantages, data visualizations of TVL and governance power, memes that capture the Convex spirit, and other innovative formats that make DeFi accessible

😂 Memes & Fun Content

Lighthearted, shareable content that spreads Convex awareness while keeping the community engaged and entertained — because DeFi should be fun too!

Remember: Your content must be published and promoted on public platforms to qualify for rewards! Focus on creating high-quality, engaging content that captures attention and educates your audience — our judges prioritize excellence, accuracy, and genuine engagement over volume.

How to Join the Collective

Getting started is simple:

1. Sign up using our registration form: Registration Link — New participants must register by the 15th of each month to compete in that month’s competition. Once registered, you’re automatically enrolled in all future months!

2. Create your Convex-focused content with attention to quality, accuracy, and engagement — content can be published at any time throughout the month

3. Promote it on social media, YouTube, or other public platforms — show the world what you’ve made!

4. Submit your work through our dedicated Discord channel where the community can discover and evaluate your contributions

5. Let the judges decide — our expert panel will review and vote on all submissions based on quality, educational value, engagement, and impact on the Convex ecosystem

6. Celebrate the winners — top 5 creators each month share the 10,000 CVX token pool

7. Keep creating — there’s room for everyone in the collective, and fresh opportunities every single month!

Why Join Now?

The Convex Creator Collective isn’t just about rewards (though those CVX tokens are pretty sweet, especially with $1.28B in TVL and growing!). It’s about:

✨ Building community around the most powerful yield optimization platform in DeFi

📈 Growing your audience in the rapidly expanding Convex ecosystem with over 417.6M veCRV controlled

🎓 Learning and earning while exploring cutting-edge boosted staking features and governance mechanisms

🤝 Connecting with other creators, protocol enthusiasts, and DeFi power users

🏆 Getting recognized by the Convex team and community for outstanding creative work that moves the ecosystem forward

💡 **Educating the masses** about how Convex democratizes access to boosted yields that were previously only available to whales

The Convex Advantage

With $1.28 billion in Total Value Locked, 53.13% of all veCRV, and $419.7M in platform revenue, Convex Finance is the dominant force in DeFi yield optimization. Your content will help users understand how to:

- Earn boosted rewards without locking CRV for 4 years

- Participate in governance across multiple protocols with vlCVX

- Maximize yields on Curve, Frax, and f(x) Protocol

- Navigate the complexities of gauge weights and voting

- Build sustainable DeFi strategies with proven infrastructure

Ready to Dive In?

The Convex Creator Collective is officially open and ready for your creative contributions! Whether you’re planning an in-depth analysis of gauge weight dynamics, a fun explainer video about cvxCRV staking, an engaging podcast series on DeFi governance, or a viral Twitter thread about yield optimization strategies, we can’t wait to see what you create — and more importantly, what our expert judging panel thinks of it!

Sign up now and join the collective today — let’s build the future of DeFi content together and help users around the world unlock the power of boosted yields!

Join our Discord to access the Creator Collective channel and get all the program details. Questions? Reach out to our community team — we’re here to help you succeed and create content that makes a real impact!

— -

The Convex Creator Collective: Where creativity meets yield optimization. 10,000 CVX monthly. 6 months of opportunities. Infinite possibilities.

As the DeFi landscape evolves, Convex Finance remains at the forefront, embracing changes that enhance our community’s DeFi experience. In partnership with the innovative Frax team, we are excited to integrate new developments from the rapidly expanding Frax Ecosystem into our offerings, including staking on the newly launched Fraxtal blockchain and the introduction of $FXTL points.

Frax’s Road to Singularity

Frax Finance is undergoing a transformative integration with the launch of its own blockchain, Fraxtal, and the merger of $FPIS into $FXS. This strategic move is designed to streamline operations and consolidate token functionality, paving the way for more robust governance mechanisms and improved economic efficiencies within the ecosystem. These changes are part of the broader Frax Singularity Roadmap, aiming to significantly enhance the protocol’s infrastructure and scalability.

cvxFXS Staking on Fraxtal

With the launch of Fraxtal, FXS is now lockable on a chain beyond mainnet. To align with these changes, $cvxFXS will transition to its new home on the Fraxtal Chain. Here’s what you need to know:

• Conversion and Staking: The conversion from FXS to cvxFXS remains as straightforward as ever, mirroring the process on the Ethereum mainnet. Although cvxFXS tokens cannot revert back to FXS, exchanges between the two are facilitated through liquidity pools on Curve Finance.
• Bridging: cvxFXS holders can bridge their tokens via the official Frax bridge interface, with staking available on both Ethereum mainnet and Fraxtal.
• Rewards: We will split total earnings between mainnet and Fraxtal. At start, it will be heavy on mainnet and will adjust towards Fraxtal over time

$FPIS to $veFXS merger and Sunsetting cvxFPIS

As part of Frax’s journey towards streamlined tokenomics, $FPIS will merge into $FXS, enhancing governance and utility across the board. Here are the key details:

Conversion Ratios: The final conversion ratio has been set at 1 FPIS to 1.33 veFXS for a 4-year lock, decaying to 0.33 veFXS at the lock’s end. Post-lock, the conversion on March 22, 2028, will be 2.5 FPIS to 1 FXS if not relocked.

In support of this merger, Convex will be sunsetting cvxFPIS and will convert its FPIS to veFXS. Convex will support migration of both FPIS and cvxFPIS to cvxFXS at a 3 to 1 ratio.

FXTL Points: Airdrop and Distribution

The snapshot on April 17th has set the stage for the next round of $FXTL points distribution, reflecting our commitment to rewarding our community’s active participation. Now that both March 6th & April 17th FXTL rounds have concluded, Convex will compile FXTL drop of cvxFXS & cvxFPIS holders. More information about FXTL drop will be shared when available.

Stay Connected

For the latest updates and detailed guides on navigating these changes, keep an eye on our Twitter and Discord

Together with the successful seeding event and the following launch of fxUSD, the new and innovative addition to the Convex Family, the f(x) Protocol is continuing to deliver new offerings and updates to their system while strengthening its ties with Convex.

With their new offering, fxUSD, going live, f(x) Protocol also brought a new way to manage incentives for their rebalance pools and liquidity pools moving onwards: Gauges.

As with other gauges on Convex Finance, depositors of these pools will be able to stake their Curve LP tokens through Convex for the f(x) Protocol to get the maximum boost on their FXN, CRV, and CVX incentives.

The gauge weights will determine how incentives will be distributed from a specific pool for the next epoch. Gauge weights will be determined by governance votes and will be held at a 14-day cadence. The resulting gauge weights will determine the FXN incentives for voted gauges for the next epochs.

Gauge Weight Votes are no stranger to longtime vlCVX holders; since the start, we have held regular emissions votes for Curve and lately Prisma Finance gauges for managing their incentives for their respective gauges. And the f(x) protocol will be no different. With the introduction of gauges, we are integrating the gauge weight votes into our governance to allow vlCVX holders to take part in f(x) protocol governance. Check out Convex Documentation for more information.

Starting with the first Gauge Weight Vote, experienced governance voters of vlCVX will be deciding on where FXN incentives should be distributed. As of right now, vlCVX holders control 44,92% (and increasing!) of veFXN votes, and they will be directing this new stream of 14-day emissions via their votes.

The next epoch starts on March 14th. vlCVX holders can vote through Convex Snapshot.

So, drumroll, the landing page gets a facelift, making all this new information more visible and readily available for you to munch on. Adding more valuable information about the new protocols that joined the CVX family and how they are going under the hood.

Let’s dive in:

While previously it was 100% about Curve, now the new landing page boasts much more information about Convex and how things are going. Treasury and 14-day emissions control are two new metrics right on the landing page, and more.

In continuation of our commitment to transparency, the new and improved Platform Revenue section details each earning per protocol for Convex.

While governance power was on the landing page, now it is front and center on the new landing page, right under the tooltip for “Governance Power” and in its own section down below.

Doubling down on more information about new additions to the CVX family, now with more readily available information about all cvxToken and related yield opportunities for LP’s cvxToken stakers.

As this post goes live, new users should start seeing this new landing page when they enter Convex Finance. Go check it out, play with it, and digest the new information that comes with it. And as always, feel free to drop us a note on our relevant Discord channel if you see any visible bugs or discrepancies.

A little over 2 years ago, we embarked on a mission with a clear objective: to optimize and expand opportunities for Curve.fi users through meticulous implementation and a symbiotic relationship with Curve’s veToken model. Since then, Convex Finance has evolved into a hub for protocols seeking to optimize with Curve in a mutually beneficial manner. This journey has propelled Convex to extend our model to other protocols with similar token structures, namely Frax Finance’s, Frax Shares (FXS), and Frax Price Index Shares (FPIS), as well as FX Protocol (FXN).

With that said, Convex Finance is delighted to welcome the newest entrant to our ecosystem, Prisma Finance. Prisma Finance introduces a novel DeFi primitive that concentrates on unlocking the potential of Ethereum Liquid Staking Tokens (LSTs). It achieves this by empowering users to mint a stablecoin called “mkUSD,” which derives full collateral backing from LSTs.

Convex is excited to initiate a closer collaboration with the Prisma team, working together to generate more opportunities for users of Curve, Convex, and Prisma alike.

Today, Prisma Finance is launching their PRISMA token, and we are happy to serve PRISMA holders at https://prisma.convexfinance.com/.

Things you should know before participating in the PRISMA/cvxPRISMA rollout:

• As announced by the Prisma team, PRISMA tokens will initiate distribution through an airdrop to veCRV and vlCVX holders who voted for whitelisting them in the form of “locked PRISMA.” Our integration with Prisma Finance enables all airdrop participants to claim their PRISMA tokens via Convex Finance, as cvxPRISMA. This immediate conversion facilitates liquidity and transferability.
• Similar to the CRV and cvxCRV relationship, the claimed PRISMA tokens will be automatically transformed into cvxPRISMA, and the original PRISMA tokens will be permanently locked.
• PRISMA tokens locked within Convex will remain inaccessible for the maximum lock duration in perpetuity.
• The conversion process will be unidirectional; cvxPRISMA tokens cannot be reverted back to PRISMA tokens. However, users will always retain the option to exchange between the two tokens using liquidity pools on Curve Finance. Exchange will be facilitated at the Curve Finance conversion rate.
• vlCVX users will determine how Convex Finance allocates vePRISMA vote weighting in Prisma Finance’s governance. (For further insights into Prisma governance, click here.)
• Users can stake cvxPRISMA on Convex Finance to earn a share of fees obtained by staking their vePRISMA tokens. Additionally, users may receive native CVX rewards from the platform.

For the latest updates on cvxPRISMA, keep an eye on our Twitter channel and Discord server, as well as Prisma Finance channels. Detailed information is readily available on our platform documentation and Prisma Finance documentation.

In August, we introduced our latest addition to the Convex veTKN ecosystem, cvxPRISMA. As the crypto market keeps on innovating, we keep carrying the torch at the forefront, adding new boosted staking protocols with veTKNs under our umbrella. In view of this, we are happy to announce Convex is expanding to new horizons and ready to welcome a new and innovative player in DeFi: f(x) Protocol!

What is the f(x) Protocol?

The f(x) Protocol is a solution designed to meet the demand for a stable asset while addressing concerns related to centralization risks and capital efficiency. Conceived by longstanding Curve/Convex friend Aladdin DAO, it emerged in response to the banking crisis in March and the depegging of USDC, which underscored the necessity for a fresh approach to stable assets.

In contrast to conventional stablecoins that maintain a fixed value, typically $1, the f(x) Protocol introduces a novel concept known as a “floating stablecoin,” or fETH. Unlike pegged assets, fETH’s value isn’t fixed; instead, it tracks a portion of the price movements of Ethereum (ETH). This design allows fETH to maintain its value robustly, even in volatile market conditions.

The f(x) Protocol employs a strategy for achieving stability by introducing an accompanying asset known as xETH. This asset functions as a cost-free leveraged long position on ETH, effectively absorbing the brunt of Ethereum’s price volatility. Consequently, this stabilization mechanism ensures that fETH experiences only minor fluctuations in its value, thanks to the protective layer provided by xETH.

The FXN token plays a pivotal role within the F(x) protocol by acting as its governance token. Token holders who choose to lock their tokens may engage in the decision-making processes of the protocol. Additionally, the protocol implements a revenue-sharing mechanism, aligning the interests of its users with those who hold veFXN.

Things to know before participating in cvxFXN rollout:

• $FXN token distribution will continue as stated in the tokenomics blog post. We will deploy the FXN/cvxFXN pool after their Token Generation Event (TGE).
• Similar to the CRV and cvxCRV relationship, the deposited veFXN tokens will be automatically transformed into cvxFXN, and the original FXN tokens will be permanently locked.
• FXN tokens locked within Convex will remain inaccessible for the maximum lock duration in perpetuity.
• The conversion process will be unidirectional; cvxFXN tokens cannot be reverted back to FXN tokens. Users will always have the option to exchange between the two tokens using liquidity pools on Curve Finance. (Exchange will be facilitated at the Curve Finance conversion rate.)
• vlCVX users will determine how Convex Finance allocates veFXN vote weighting in FX Protocol’s governance.
• Users can stake cvxFXN on Convex Finance to earn a share of fees obtained by staking their veFXN tokens.

It’s been 2 years since the launch of Convex Finance. As Convex celebrates birthday number 2, some reflection about the years past events, new developments in the works, and shout outs to the community of projects and contributors that continue to make Convex Finance a success.

Convex has expanded beyond the initial CRV locking, and added tokens from the Frax ecosystem. Convex currently supports conversion/locking of 3 native tokens:

• CRV as cvxCRV
• FXS as cvxFXS
• FPIS as cvxFPIS

Convex Finance <-> Curve Finance

Convex and Curve continue to work synergistically as they have from day 1. New Curve pools come and go as the ecosystem continues to evolve. Convex enables individuals to benefit from the CRV locking system without individually locking governance tokens.

Recently launched, crvUSD is the latest development from Curve Finance. crvUSD uses an innovative collateral system that involves “soft liquidation” rather than complete liquidation when a users position moves against them.

As crvUSD continues to grow, cvxCRV and vlCVX stakers aim to benefit from increased overall volumes in Curve/Convex pools generating additional fees. Details on the launch of crvUSD can be found in Curve Finance’s documentation.

cvxCRV/CRV Pool Migration

As a final reminder, the new factory pool (originally announced in the January ’23 update) has been created for cvxCRV/CRV. Incentives/rewards will be directed to this pool going forward. Users are encouraged to move liquidity to the new pool at their convenience.

Convex Finance <-> Frax Finance

Convex and Frax continue collaboration as they did throughout the last year. A quick recap of major developments so far:

cvxFXS Single-Sided Staking

cvxFXS single-staking is available as of the March ’23 Update. Users holding cvxFXS users can stake on Convex (under the FXS tab) to earn 10% of platform fees plus regular veFXS rewards.

Additionally, the Convex will soon be creating a new factory pool to replace the existing cvxFXS/FXS pool in order to support upcoming functionality regarding cvxFXS lending. Details will be posted when this process begins.

cvxFPIS Launch

Also in March this year, Convex added support for locking FPIS as cvxFPIS. As of this writing, over 1.5M FPIS have been locked in Convex as cvxFPIS. Currently, users can stake on Convex (under the FPIS tab) and earn normal veFPIS rewards. Future developments are ongoing.

Convex Finance on Twitter: "As announced in the latest Medium post, Convex has expanded its collaboration with @fraxfinance and added support for $FPIS in its locking/staking mechanism toolbox. pic.twitter.com/4epfv6oF35 / Twitter"

As announced in the latest Medium post, Convex has expanded its collaboration with @fraxfinance and added support for $FPIS in its locking/staking mechanism toolbox. pic.twitter.com/4epfv6oF35

Reminder: Frax Gauge Votes

The recurring bi-weekly gauge votes enable vlCVX holders to dictate how they want Convex’s share of veCRV and veFXS allocated in their respective gauge weight systems. This dictates how much of each protocols token emissions are allocated to each pool for the next period.

Through Convex, Curve gauge vote results are forwarded onto Frax gauge weight votes. Pools that receive vote weight from vlCVX voting get weight allocated to both the Curve pool and the Frax pools.

Convex UI Updates

Deploying Pools on Convex is now easier than ever. Pools with a gauge and non-zero vote weight will automatically be visible on https://www.convexfinance.com/create-convex-pools. Anyone can then use the interface to deploy that pool on Convex and benefit from the socialized boost.

Convex Sidechains

As of the March Update, Convex is active on both Polygon and Arbitrum, with plans for additional sidechains/L2s in the future.

Users can interact with the Arbitrum and Polygon versions of Convex Finance using the same interface on www.convexfinance.com and choosing which chain they prefer in the UI. Pools and TVL continue to expand over time.

Protocols, Integrations, and Community Projects

Convex owes a large portion of it’s continued success to the flourishing community of supporters and groups it is surrounded by. Many thanks to the continued efforts of individuals around the cryptosphere for their continued development and building around Convex Finance.

New project spotlight: The Llamas

Launched in early May 2023, The Llamas aims to bring NFT-fi to the Curve Ecosystem. The project aims to solidify the informal Llamas cultural aspect to members of the Curve/Defi ecosystem, and further promote growth and coordination. You can find more information on the NFTs, and the projects goals from their Twitter page here: https://twitter.com/wenllama

Additionally, major shout-outs to the following projects for their continued support and contributions to the overall Convex ecosystem:

LLama.Airforce continues to make data visualization around Convex vote locking exceptionally easy to understand, as well as value-add for the incentives system built up around the ecosystem.

Votium continues to enable individuals to optimize incentives for their vlCVX votes.

AladdinDAO : 0xCLever and 0xConcentrator enable yield optimization for Convex positions.

Sentiment.xyz is one of the first projects on Arbitrum to support Convex LP positions as collateral for lending markets.

Silo Finance supports Convex LP positions as collateral in a risk-isolated manner for users, and Silo integration on the Convex website for reward claiming is live now to make the process seamless for users.

Gearbox Protocol allows users to leverage their Convex LP positions and tokens.

InverseDAO ‘s new FiRM lending market allows users to borrow against collateral such as cvxCRV.

On the horizon…

• Additional expansion to other chains/L2s
• Further utility for cvxFPIS
• On-chain voting/additional efforts towards decentralized infrastructure solutions
• Additional project integrations!

In November 2022, Convex officially started the journey into side-chains/L2s when it launched on Arbitrum. Today, that footprint expands as Convex launches on Polygon!

How it works:

Just like Convex on Arbitrum, operating on Polygon will look and feel very similar to Convex on Ethereum. The process for providing liquidity and staking on Convex are the same as before; provide liquidity on Curve, stake LP tokens on Convex to get the socialized boost, and claim rewards.

How to get there:

Visit www.convexfinance.com and filter on “Polygon” pools.

Initial pools that are live for Polygon include the following:

• TUSD+amDAI+amUSDC+amUSDT
• EURS+amDAI+amUSDC+amUSDT
• amDAI+amUSDC+amUSDT
• amDAI+amUSDC+amUSD+amWBTC+amWETH
• EURT+amDAI+amUSDC+amUSDT
• aMATICb+WMATIC
• axlUSDC+USDC
• CRV+amDAI+amUSDC+amUSD+amWBTC+amWETH
• MATIC+amDAI+amUSDC+amUSD+amWBTC+amWETH

cvxFXS Single-Sided Staking

A recent convex proposal to enable single side staking of cvxFXS passed, and this change is now live! In practice, this change means the 10% platform fee has been redirected from the cvxFXS+FXS liquidity pool to single-side staking, as well as veFXS fees.

cvxFXS single-sided staking has taken over the “Convert FXS” section of the Frax page on Convex. You can stake your existing cvxFXS using the “Advanced” toggle switch the same as you would with cvxCRV on the “Convert CRV” section of the Convex staking page.

Additional updates: Arbitrum Pools Migration

On Marth 20th, Convex will be migrating the current Arbitrum pools to new pools, with the aim of aligning the code base with Polygon to prevent confusion for integrators. This update also includes changes to fix some rare edge cases, as well as features like a reward redirect.

cvxCRV/CRV Pool Migration

As mentioned in the last update, a new factory pool has been created for cvxCRV/CRV. Incentives/rewards will be directed to this pool going forward pending a passing gauge vote for the new pool. Users are encouraged to move liquidity to the new pool once that takes place.

FPIS proposal for whitelist

There is a live proposal on the FPIS forums to whitelist Convex contracts so work can begin on the creation of a cvxFPIS. Please review the proposal, and if you are a veFPIS holder, consider supporting the proposal with your vote!

As always, keep up with the latest discussions on Twitter and Discord.

Convex Finance for Curve.fi allows users to interact with the protocol from multiple fronts: by providing liquidity on Curve and staking LP tokens, staking and/or locking CVX tokens and participating in governance and gauge votes, or simply staking cvxCRV and receiving a share of LPs earned rewards. There have been multiple updates for LPs and CVX holders/lockers, but so far, there have been no major changes to cvxCRV dynamics since launch.

From the docs:

A new wrapper contract for staked cvxCRV is coming soon. This new wrapper contract will enable several enhancements to existing cvxCRV staking:

• Ability to directly add additional incentives to cvxCRV staking.
• Adjustable rewards, user can choose to receive only CRV and CVX, only 3CRV, or any user-adjustable weighted mix there of.
• ERC-20 transferable staked cvxCRV

Fee Structure Changes

With these enhancements in mind, Convex will be posting a proposal soon to change the platform fees, with the goal of utilizing the new functionality of the wrapper. At the protocol level, Convex hopes to be able to divert two percent of platform fees to acquire and stake existing cvxCRV toward the new wrapper contract. The cvxCRV acquired and staked this way will add to the to wrapper’s overall rewards, while removing cvxCRV from circulation. Proposed fee changes will be as follows:

Incentivizing cvxCRV Stakers

In addition to the fee changes to acquire and remove cvxCRV from circulation and using said cvxCRV to boost wrapper rewards, Convex will also move some of the existing CVX emissions to this wrapper to provide extra incentive to directly stake cvxCRV. Additional cvxCRV staking mechanics are also possible in the future.

cvxCRV/CRV Liquidity Pool

In the near future, Convex will create and deploy a new Factory pool for cvxCRV/CRV. This move will enable additional functionality by using the latest version of factory pools, primarily, an internal price oracle. Convex will re-direct any incentives for that pool to the new one once fully launched.

As of now, the cvxCRV/CRV pools remains Factory Pool 22, here. Convex will provide further info on the move when appropriate. Keep an eye out on Twitter and in the Discord!

Back in February, Curve Finance enabled boosting of pools on other chains outside of Ethereum main-net. Since then, Curve has provided a home for LPs on Arbitrum, Polygon, and Optimism just to name a few. Curve pools on other chains are eligible for gauges just like any traditional pool on Ethereum.

Through the bi-weekly gauge weight votes, Convex has been providing vlCVX holders the option to vote for these pools to receive a portion of CRV emissions on other chains. However, LPs on side-chains/L2s did not previously have any ability to get the socialized boost Convex provides for LPs on Ethereum. Convex Finance is now taking the next step, and starting the expansion to additional chains as well. First stop: Arbitrum!

How it works:

Convex Finance on Arbitrum will look and feel very similar to Convex on Ethereum. The process for providing liquidity and staking on Convex are the same as before; provide liquidity on Curve, stake LP tokens on Convex to get the socialized boost, and claim rewards.

How to get there:

Visit www.convexfinance.com and filter on “Arbitrum One” pools.

With the addition of Arbitrum pools, convexfinance.com now has a cross-chain interface. Pools and interface elements on both Ethereum main-net and Arbitrum will both be visible. Users will be prompted to switch chains to interact with their respective pools.

Claiming rewards from Arbitrum pools is simple as well, and centrally located on the “Claim” page.

Some notable differences on the Arbitrum version of Convex:

• An updated smart contract for distribution of LP rewards tokens means no trailing 7-day payout on pool rewards. This is possible due to gas costs on Arbitrum being orders of magnitude lower than Ethereum. This also means no need for an automated “harvester” to collect and distribute rewards as is needed on Ethereum.
• LP tokens for Convex pools on Arbitrum are transferable between addresses.
• CVX rewards will not be minted as a ratio of CRV earned as they are on Ethereum. CVX rewards for LPs on Arbitrum will be distributed according to the ratio of votes for pools in the bi-weekly vlCVX gauge weight votes. These CVX tokens will be sourced from the “Liquidity Mining” portion of tokens (see “Tokenomics” page from Convex Documentation). Further details on this dynamic below as it pertains to Ethereum main-net pools as well.

Integrations on Arbitrum

Convex Finance is bolstered by a great community. Many projects/DAOs have integrated with Convex in some fashion on Ethereum main-net over the past year and a half.

As Convex branches out onto other chains such as Arbitrum, opportunities for additional integrations open up. Projects on Arbitrum are encouraged to reach out for potential integration ideas.

Launched in October, Sentiment.xyz is a borrowing/lending market on Arbitrum. Integration with Convex is coming soon to allow users to gain access to leveraged positions. In the mean-time, you can check out their documentation and whitepaper here.

Additional Pool Incentives

When Convex launched in May 2021, the CVX token emission schedule stated that 25% of the supply was slated for Liquidity Mining rewards. At launch, these token emissions were incentivizing liquidity in two Sushiswap pools (CVX/ETH and CRV/cvxCRV). Since migrating away from the Sushiswap pools, Convex has been re-directing some of these emissions to the Curve pool equivalents instead, as well as directing some towards incentives for vlCVX voters in gauge-weight votes.

Convex is working on a framework to be able to direct a portion of these tokens to be used as additional rewards for LPs. Tentatively, these CVX tokens will be distributed to pools based on their vlCVX vote weight (not Curve.fi vote-weight) in the bi-weekly gauge weight votes on Snapshot. The additional rewards will apply to pools on Ethereum, both normal and Frax pools, as well as pools on Arbitrum (and other future chains). Full details around this system are still being worked out and subject to change.

Some older pools are unable to receive additional CVX incentives directly. Convex would like to invite projects with pool IDs below 40 to get in touch to work on a case by case solution.

Front-End Updates

Aside from the additions to accommodate Arbitrum and future cross-chain pools, further updates were made to the look and feel of convexfinance.com. Improvements to the website should help things feel more responsive and smooth. Additionally, the names of the pools on Convex should now reflect the names of the underlying tokens.

With this change comes another exciting update; pools that obtain a gauge and are added to Convex via the pool manager contract will be automatically added to the list on the website. Previously, making pools visible on the front-end required some manual intervention even after they were available on-chain.

As usual, stay up to date with the latest by following Convex Finance on Twitter, and joining the Discord!