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Editorial policyUse Convex at convexfinance.com when you already LP on Curve and want the maximum CRV boost without locking CRV yourself. Skip Convex if you have never used Curve, you wanted a simple savings rate, or you thought CVX was a claim on guaranteed yield. Educational research, not financial advice.
Convex takes Curve’s veCRV boost and sells it as a service: deposit LP, get max boost, no four-year CRV lock. Verdict-first guide on cvxCRV, vlCVX, Resupply, and who should stay on Curve alone.
Market context
DeFiLlamaAs of 27 August 2026, What is Convex Finance? Boost, vlCVX and When to Skip It reports approximately $567.5M total value locked in the yield category across Ethereum, Fraxtal, Arbitrum, Polygon.
Skip Convex if you do not already understand Curve gauges, you wanted to mint reUSD (that is Resupply), or you cannot accept smart-contract risk on top of Curve. Convex is a boost and vote layer. It is not a bank and not a first protocol.
Related comparisons
Yes — once you are already a Curve LP and you want boost plus CVX rewards without a personal veCRV lock. Skip it as a first DeFi app. vlCVX votes gauges, including Frax-related weight; that is governance power, not a coupon you are owed.
DeFiLlama snapshot 2026-08-27: about $567 million TVL for this listing. That is lockup, not a safety rating — re-check the live figure before you size anything.
Convex permanently locks CRV as veCRV and passes the maximum Curve boost to users who stake LP through Convex. cvxCRV is liquid locked CRV. vlCVX vote-locks CVX to direct gauges. Convex and Yearn co-built Resupply; that CDP is a separate app at resupply.fi.
| Token / surface | Job | Skip when |
|---|---|---|
| Stake Curve LP | Boosted CRV + CVX | You are not an LP yet |
| cvxCRV | Liquid locked CRV | You wanted unwrapped CRV |
| vlCVX | Vote gauges / bribes | You have not read Votium |
| Resupply | reUSD CDP | You thought it was a Convex pool |
Lock CRV yourself only if you want personal veCRV and can wait years. Use Convex for boost-as-a-service. Use Yearn when you want a vault strategy that may include Curve or Convex under the hood. Resupply Summer from 3 August 2026 is a Convex-sponsored rewards campaign — emissions, not a CVX price promise.
| Want | Use | Skip Convex when |
|---|---|---|
| Own veCRV | Lock CRV | You cannot wait years |
| Max boost, no lock | Convex | You are not a Curve LP |
| Vault strategy | Yearn | You wanted boost only |
| reUSD | Resupply | You thought it was a Convex pool |
You add Convex’s contracts on top of Curve. Gauge weights move. Bribes and emissions are not fees. From 30 July 2026 Convex said DAO and gauge votes are fully on-chain — process, not proof of profit. Do not treat a boost screenshot as a locked APY.
The app we name is convexfinance.com. You should already know the Curve pool you are boosting. Resupply is a different app at resupply.fi even though Convex co-built it. This page is whether boost-as-a-service is what you wanted — not a first LP tutorial.
Convex, Curve, Resupply, Inverse Finance and Frax share collateral, gauges and stablecoin rails. Read the flywheel first if you are new to the stack.
FAQ
A Curve boost and vote layer at convexfinance.com. It permanently locks CRV as veCRV and passes maximum boost to LPs who stake through Convex.
No. You need it if you want max boost without locking CRV yourself. You can LP on Curve with no Convex at all.
No. Convex co-built Resupply with Yearn. Different app, different risks, different token. Resupply Summer is a rewards campaign, not a Convex pool.
No. Educational research only. We do not recommend staking LP, locking CVX, or buying the token.
Curve is the specialist DEX for pegged assets, plus crvUSD and LlamaLend. Verdict-first guide on when Uniswap is enough, how veCRV and Convex connect, and who should not LP here first.
Resupply mints reUSD against yield-bearing Curve Lend and Fraxlend positions that keep earning. Co-built by Convex and Yearn. Verdict-first guide including Resupply Summer and the June 2025 exploit.
Yearn runs strategy vaults that allocate into other protocols. Verdict-first guide on when to pick Aave yourself and Yearn’s role co-building Resupply with Convex.