Convex Finance

[Convex Finance](https://www.coinlive.com/coin/convex-finance) is a [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) protocol that allows [Curve](https://www.coinlive.com/coin/curve-dao-token) [liquidity providers ](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens)to earn a share of trading fees on Curve without [staking](https://coinmarketcap.com/alexandria/glossary/staking) liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the [Curve wars](https://coinmarketcap.com/alexandria/article/curve-wars-and-the-emergency-dao). Convex has entered a competitive race to obtain as much control as possible of the Curve Finance [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on [Curve](https://coinmarketcap.com/alexandria/article/get-ready-for-a-curveball-a-deep-dive-into-curve-by-flipside-crypto), which is the largest [DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) in the world by [TVL](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl). Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in [DeFi](https://coinmarketcap.com/alexandria/glossary/defi).