Owners of Convex Finance's native token, CVX, can participate in governance and receive a share of Curve.fi's native token, CRV, which represents the company's earnings. FRAX financial, which adopted a concept of token-locking akin to its original governance token FRX, is now supported by Convex Finance, a decentralised financial platform on the Ethereum blockchain. Curve.fi liquidity providers can benefit from trading fees and increase their CRV without having to lock them in thanks to Convex Finance.

Since all Curve Finance pools consist of assets, such as stablecoins, with nearly identical values, users can lower the chance of a transient loss by enhancing the liquidity of the pools. Even with its benefits, using Curve could be a little intimidating for a novice DeFi user. Convex Finance has recently gained popularity due of this problem. Convex facilitates the optimisation of Curve's liquidity provision and boosts CRV payouts through mass liquidity mining.

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