Introduction: Understanding the Convex Flywheel Through the latter half of 2021, Curve and Convex were...How Convex Creates Value At the time of our last report, Convex’s value accrual was largely realized...Convex’s control over them....the Convex platform....we can estimate Convex’s emissions.

Convex takes 17% of the LP yields as fees....As a result, Convex has grown considerably, with 90% of Curve’s TVL deposited in Convex....As with how Convex controls Curve, whoever controls Convex can significantly influence Curve emissions...Boosting CRV Incentives Through Convex As Convex’s emissions have significantly scaled down, depositors...

Convex Dominated Curve’s TVL Recently, the “Curve Wars” have been a hot topic....To dive deeper, check out our latest Convex report....Convex Has the Most Influence Over Curve’s Liquidity Incentives Convex is now the single largest owner...Now that Convex dominates Curve’s voting power, protocols have focused their bribing efforts on Convex...

Despite Yearn having approximately an 8 month head start, Convex’s veCRV holdings quickly surpassed it...Convex and Yearn hold ~20% and ~9%, respectively, of the total veCRV supply....Convex’s impressive growth can be attributed to its economics....APY organically higher than Convex....The emergence of Convex on the scene has clearly accelerated this development.

Convex Finance is a Curve-focused yield optimization platform that boosts yields for liquidity providers...Specifically, that all CRV deposited into Convex is locked up forever....What does Convex’s value accrual look like?  ...As mentioned previously, Convex is earning ~73% of CRV emissions.

Convex Accumulating FXS Since Convex launched its cvxFXS platform, deposits of FXS have grown to over...It has been publicly announced that users depositing FXS into Convex will be eligible for Frax Finance...

Convex Finance Owns Largest Piece of CRV Pie Convex Finance continues to dominate the Curve wars as...The political power of being a CRV “whale” is extremely valuable, as it allows for Convex to boost Curve...rewards for Convex’s depositors instead of having individual depositors lock up their own CRV to boost...

Chart of The Day: Convex Now Owns 10% of Circulating Frax Frax is the first fractional algorithmic...Convex has been the key leader in acquiring veCRV voting power to boost its users’ Curve yield without...Convex implemented cvxFXS in December 2021 and has accumulated around 10% of FXS’s circulating market...You can check it out on the Frax Convex page!

The Convex AMO, where the Frax protocol stakes its Curve LP tokens, makes up the majority of the Curve...A look under the hood shows that the majority of the Convex AMO LP positions are FRAX-USDC basepool (...Their ownership makes up 54% of the FBP, allowing them to farm CRV and CVX emissions on Convex with this...

Long Squeeth provides exposure to pure convexity, offering an asymmetric payoff with a higher upside...ecosystem by helping Convex farmers earn up to 50% more with less hassle and less gas fees....Yields from multiple Convex pools are sold to buy cvxCRV, which is staked to earn maximum rewards while...still maintaining exposure to the Curve/Convex ecosystem.

Convex Finance Convex Finance has generated ~$156M in revenue over the last 180 days, which goes towards...Over the same period, Convex has distributed ~$122M in token rewards....When this happens, Convex will be entirely reliant on organic fees and external rewards to feed their...via Convex.

Chart of The Day: Terra Leads CVX Accumulation Convex is a yield optimization platform that allows...The 4pool will drive up demand for both UST and Frax, and might also end the Curve/Convex wars as smaller...just yet as they accumulated 530k CVX in the past 30D to incentivize their non-USD stablecoin pairs on Convex...

As we wrote about in our report on Convex, Convex controls roughly half of all Curve governance allowing...Convex’s (CVX) Governance Black Hole: Major stablecoin projects have realized Curve’s weekly gauge weight...In April 2021, Convex pioneered this bribing game with a 1% airdrop in exchange for support from veCRV...

Chart of The Day: The Great cvxCRV Lockening Convex Finance has experienced a record-breaking period...This massive increase in cvxCRV supply was primarily driven by the recent proposals by Frax and Convex...Having Frax help maintain the cvxCRV peg is a huge advantage to Convex and the Curve ecosystem.

A Look at Convex’s Business Model and a Looming Catalyst Convex has become a cornerstone protocol in...enables Curve LPs to receive boosted yields in exchange for a portion of the yield earned, turning Convex...In this update, Joo delves into Convex’s metrics, its current dominance on Curve, its business model’...

Vote Escrowed CRV (max lock of 4 years) vlCVX = Vote Locked CVX on Votium (16 weeks + 3days) cvxCRV = Convex...Locked tokenized veCRV  cvxFXS =  Convex Locked tokenized FXS  In a previous report, we extensively...discussed the relationship between Convex and Curve, the state of bribes, and CVX/CRV emissions.

...potential plays in last week’s Market Insights, but another example we’ve been tracking closely is Convex...In our report, “Convex Continues Compounding CRV”, we highlighted Convex and the Curve Wars, and the...power behind Convex’s strategy to take advantage of the Curve bribing mechanism.

Convex takes advantage of this and allows users to lock their CRV forever within Convex in return for...tokens to the Convex platform which locked them up forever....Incentive Alignment: Convex’s success is extremely reliant on Curve....Given Convex’s dependency on Curve and the CRV token price, it seems unlikely Convex stakeholders would...

Topics Covered: 00:08 – Intro with Nick. 02:27 – Convex Financial with Duncan. 15:52  – Lido Liquid...Convex Financial with Duncan:  2. Lido Liquid Staking with Paul:  3.

Convex Continues Compounding CRV Full post: Convex Continues Compounding CRV Authors: Duncan Reucassel..., and Jeremy Ong TLDR: Convex has been able to capture meaningful value thus far from Curve, generating...