News/Convex Finance Live on Arbitrum

Convex Finance Live on Arbitrum

Nov 18,2022,11:21

Curve-based yield protocol Convex Finance announced it's live on Arbitrum, allowing users to stake Curve LP tokens on Convex to get boosted rewards on Arbitrum.

Convex said that $CVX rewards for LPs on Arbitrum will be distributed according to the ratio of votes for pools in the bi-weekly $vlCVX gauge weight votes, and LP tokens for Convex pools on Arbitrum are transferable between addresses.

In addition, Convex will integrate with Arbitrum-based lending protocol Sentiment to allow users to gain access to leveraged positions.

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