cvxTKNs staking
Convergence allows cvxTKNs
stakers to benefit from optimized reward distributions.
The following cvxTKNs
are currently supported:
cvxCRV
;cvxPRISMA
;cvxFXN
.
cvxTKNs
stakers on Convergence benefit from underlying veTKNs
native rewards and Convex's fees. cvxTKNs
stakers also receive CVG
rewards on top, according to each cvxTKN
gauge weight on Convergence.
The cvxCRV
staking pool is constantly rebalanced between governance tokens rewards (CRV
& CVX
), and crvUSD
rewards, to optimize stakers' yield.
To summarize, for each cvxTKN
, stakers can claim:
Underlying
veTKN
native rewards;A share of Convex’s fees in
TKN
(i.e.CRV
forcvxCRV
);CVG
rewards according to gauge weights.
Convergence allows users to deposit native tokens, cvxTKNs
or Convex's receipt tokens in its cvxTKNs
staking contracts.
For example, it is possible to deposit CRV
, convert it to cvxCRV
, and stake it in one go, directly on Convergence.
Users who are already staking on Convex don't need to withdraw to redeposit on Convergence, as they can directly deposit their Convex receipt token.
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