ConvexFinance
  • Welcome to Convex Finance
  • General Information
    • Convex for Curve.fi
      • Convex for CRV Stakers
      • Convex for Curve Liquidity Providers
      • Understanding cvxCRV
      • Voting and Gauge Weights
    • Convex for Frax Finance
      • Understanding cvxFXS
      • Understanding cvxFPIS
      • FPIS to FXS Migration
      • Convex for Frax Liquidity Providers
      • Voting and Gauge Weights
    • Convex for Prisma Finance
      • Understanding cvxPRISMA
      • Convex for PRISMA Boosts
      • Emission Votes and Gauge Weights
    • Convex for FX Protocol
      • Understanding cvxFXN
      • Voting and Governance
    • Tokenomics
    • Understanding CVX
      • Vote Locking
      • Vote Delegation
  • How-To Guides
    • Using Convex Finance
      • Staking Curve LP Tokens
      • Converting CRV + staking cvxCRV
      • Staking Frax LP Tokens
      • Staking CVX
      • Vote Locking CVX
    • Claiming Rewards
    • Claiming your Airdrop
  • FAQ
    • Platform Rewards: Current vs Projected APR
    • Contract Addresses
    • Fees
    • Risks
    • Audits
    • Convex Treasury
    • Multisig Admin Rights
    • Airdrops From Other Platforms
    • Bug Bounties
    • Known Issues
  • Links
  • Convex Finance
  • Blog
  • Github
  • Twitter
  • Curve.fi
  • Integration Docs
Powered by GitBook
On this page

Was this helpful?

  1. How-To Guides
  2. Using Convex Finance

Converting CRV + staking cvxCRV

Converting CRV into cvxCRV and staking it on the platform

PreviousStaking Curve LP TokensNextStaking Frax LP Tokens

Last updated 9 months ago

Was this helpful?

1. Navigate to the "Stake" page and then the "CRV" section.

2. Enter the quantity of CRV tokens you would like to convert to cvxCRV. If it is your first time using the platform, you will have to approve your CRV tokens for use with the contract by pressing the "Approve" button.

Remember, this process is irreversible. You will not be able to convert cvxCRV to CRV using the platform.

3. Once tokens are approved and a valid quantity of tokens are entered in the field, click "Convert and Stake" to irreversibly convert CRV to cvxCRV and stake on the platform.

cvxCRV Staking Reward Ratio Interface

Users with staked cvxCRV can view their rewards vAPR by clicking the "My vAPR" info icon:

Additionally, users can see what the vAPR would be in the case of receiving rewards as 100% crvUSD or 100% governance tokens by clicking "Max vAPR" info icon:

Users wishing to change their reward distribution can do so by navigating to the "Rewards Preferences" tab (alternatively, you can also access this on the "Claim" page):

Note: Percentages do NOT represent USD values. Picking “80%/20%” does NOT mean you’ll be distributed $80 worth of gov tokens and $20 of stablecoins. If CRV+CVX rewards are one pie, and crvUSD rewards another pie, your reward preferences, alongside everybody else’s preferences, decide how big your slice of each pie is.

Convert CRV section of the "Stake" main landing page
Approve CRV tokens for convert and stake
↓
↓
↓