Convex Finance (CVX) is a decentralised finance protocol allowing Curve liquidity providers to earn shares of trading fees on Curve (CRV). Convex Finance seeks to gain as much control as it can of the Curve Finance stablecoin exchange. The goal of gaining influence over such a prominent DeFi network is referred to as the Curve Wars, in which Convex Finance plays a key role.
Convex Finance operates in concert to pool individual assets, and then benefits from the collective liquidity, allowing individual investors to receive boosted rewards otherwise unattainable using conventional staking methods. Investors can receive an interest rate on their liquidity, shares in Curve trading fees, boosted rewards from Convex Finance, and CVX tokens.
You can buy Convex Finance (CVX) in Australia on the Swyftx Crypto Exchange.