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Convex allows Curve.fi liquidity providers to earn trading fees and claim boosted CRV without locking CRV themselves. Liquidity providers can receive boosted CRV and liquidity mining rewards with minimal effort.
If you would like to stake CRV, Convex lets users receive trading fees as well as a share of boosted CRV received by liquidity providers. This allows for a better balance between liquidity providers and CRV stakers as well as better capital efficiency.
Convex has no withdrawal fees and minimal performance fees which is used to pay for gas and distributed to CVX stakers.
CRV stakers and liquidity providers also receive liquidity mining rewards in the form of CVX.
Convex Finance is a DeFi protocol developed on top of Curve Finance to help liquidity providers and CRV stakers earn higher returns.
It’s clear that many liquidity providers are looking for ways to boost incentives when providing liquidity on Curve — and Convex is a clear winner on this front with mutual benefits for CRV holders and liquidity providers.
