Convex Finance
AuditedVerifiedConvex is the dominant Curve veCRV aggregator: deposit Curve LP tokens to earn boosted CRV+CVX rewards, or wrap CRV into liquid cvxCRV instead of personally locking it for four years.
Active Risk Alerts
Live signals detected by Sentinel monitors across all five risk classes.
Unlock alert details with Pro
See each alert's affected component, root-cause analysis, and recommended action. Pro members get the full risk breakdown for every protocol.
Score history
This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.
The Problem
Curve Finance rewards LPs with a 2.5x CRV boost only if they personally lock CRV as veCRV for up to 4 years — most users either accept the unboosted 1x rate or lock illiquid capital for years.
The Solution
Convex collectively locks CRV into a single VoterProxy that captures the maximum boost for every depositor, issuing liquid cvxCRV (for CRV stakers) and routing boosted CRV+CVX rewards back to LPs without any individual lockup.
Why it Matters
Original veToken aggregator and category definer; dominant veCRV holder by a wide margin (~45–50% of all veCRV); federated 3/5 multisig with signers from four independent ecosystem teams (Convex, Frax, Votium, Llama Airforce); has never been hacked across 5 years of operation.
Protocol Metrics
Related Research
View allFrequently asked questions about Convex Finance
What is Convex Finance?+
Convex Finance is a Yield protocol operating on Ethereum, Arbitrum, Polygon, Optimism, Base. Convex is the dominant Curve veCRV aggregator: deposit Curve LP tokens to earn boosted CRV+CVX rewards, or wrap CRV into liquid cvxCRV instead of personally locking it for four years.
How does Convex Finance work?+
Convex collectively locks CRV into a single VoterProxy that captures the maximum boost for every depositor, issuing liquid cvxCRV (for CRV stakers) and routing boosted CRV+CVX rewards back to LPs without any individual lockup.
Is Convex Finance safe?+
DeFi Sentinel rates Convex Finance AA with a safety score of 83/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Convex Finance has 7 audits on record. DeFi Sentinel's analysis flagged 6 medium, 2 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Convex Finance?+
Convex Finance has a DeFi Sentinel safety score of 83/100 (rating AA), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Convex Finance support?+
Convex Finance is deployed on Ethereum, Arbitrum, Polygon, Optimism, Base.
Has Convex Finance been audited?+
Yes. Convex Finance has 7 audit reports on record from firms including MixBytes, PeckShield, PeckShield. Audit reports and dates are linked under the Resources tab on this page.
Similar rated protocols
- Pendle FinanceAAA · 93
- Arrakis FinanceAA · 89
- Yearn FinanceAA · 86
- AUTOfinanceAA · 84
- SuperformAA · 84
- BeefyAA · 84