Convex Finance
Frequently asked questions
Short answers to the questions people ask most often about Convex Finance.
Do I need to lock CRV to use Convex?
No. Liquidity providers can deposit and withdraw Curve LP tokens at any time without locking CRV.
Can I convert cvxCRV back to CRV?
Not directly — the conversion is one-way. You can, however, swap cvxCRV for CRV on a Curve pool at the market rate.
How long is vlCVX locked?
16 weeks plus the remainder of the current weekly epoch. After it expires you can relock or withdraw.
Is Convex safe?
Convex has been audited and running since 2021, but every DeFi protocol carries smart contract, market and governance risk. Read our risk guide before depositing.
Where can I use it?
The main deployment is on Ethereum mainnet, with additional deployments on some Layer 2 networks. Always use the official website.
Related guides
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Is Convex Finance safe? Risks, audits and best practices
An honest look at Convex Finance risks: smart contracts, admin multisig rights, cvxCRV peg, CVX volatility, lock illiquidity and phishing — and how to reduce them.
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Convex & Curve glossary: 25 terms explained simply
Glossary of Convex Finance and Curve terms: veCRV, cvxCRV, vlCVX, gauge, boost, epoch, bribe, vAPR, LP token, harvest and more.
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How to buy CVX: step-by-step guide for beginners
How to buy Convex Finance (CVX) safely: on centralized exchanges or on-chain via Curve and DEX aggregators, plus wallet setup and safety checks.
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