Convex Finance

Halal Rating :
Questionable
Last Price $5.01 Last updated:
Rank 148
1D Change 0.63 %
Market Cap $470.62m
Circulating supply 93,898,267
Maximum supply 100,000,000

Crypto Overview

Categories
  • DeFi
  • Yield Aggregator

Convex is a protocol that simplifies Curve boosting experience in order to maximize yields. Convex allows Curve 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. Curve liquidity providers can deposit their LP tokens into Convex to maximize their CRV earnings with a more efficient boost. Curve DAO token stakers will be able to earn additional boosted CRV and CVX tokens through the protocol.

Crypto Impact

To assign a comfort level investing in Convex Finance from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Convex Finance.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating