Convex Finance

Convex Finance, a decentralized finance protocol, has issued a warning to its users to revoke delegate approval for certain addresses. According to the tweet, there are around 20 addresses that still have the approval enabled, potentially exposing users to security risks. The protocol has provided a link for users to check if they are affected and has urged them to take necessary action. Convex Finance has also cautioned users against phishing links and emphasized the importance of staying vigilant.

Protocol FX has announced the launch of new gauges on Convex Finance, allowing users to stake their liquidity provider tokens to earn additional rewards. This integration aims to provide enhanced yield opportunities for users participating in Protocol FX's liquidity pools.

Convex Finance has announced the launch of multi-gauge emissions and reward pools starting at 0:00 UTC tonight. Several pools will offer triple rewards in FXN, CRV, and CVX tokens, including ETH-FXN, GHO-fxUSD, crvUSD-fxUSD, and FRAX-fxUSD. Additionally, various other pools will offer FXN rewards, such as fxUSD wstETH Stability pools, fxUSD sfrxETH Stability Pools, fETH Stability pools, FXN-cvxFXN, FXN-sdFXN, PYUSD-fxUSD, and DOLA-fxUSD. Users can deposit their LPs and f-tokens immediately to participate in the rewards.

Convex Finance has announced that $vlCVX Claims are now accessible on their platform. Users can now claim their $vlCVX rewards. Good news for all llama enthusiasts!

In a new phase of partnership with @protocol_fx, ConvexFinance is integrating liquidity gauges for boosted staking. Liquidity depositors of @protocol_fx can now enjoy boosted staking on ConvexFinance, leading to maximum boosted rewards. Bi-weekly gauge weight votes by vlCVX holders will influence the partnership. For more details, refer to the blog post.

Convex Finance announced the opening of $fxUSD genesis vaults for users to deposit $ETH and stablecoins.

Convex Finance reminds that Curve has been distributing 100% of DAO profits to CRV stakers since 2020, totaling 130M USD so far. In addition to veCRV lock, staking can be done in forms like cvxCRV at Convex Finance, sdCRV at StakeDAOHQ, yCrv at yearnfi, and asdCRV at 0xconcentrator to earn these profits.

Convex Finance has announced the beginning of the race to mint fxUSD in partnership with Lido Finance and Frax Finance. A seeding event will kick off the launch next week.

Convex Finance announced a revamped UI where users can check token details like total supply, historical price, market cap, and backing. The launch of $fxUSD is pending. Additionally, there are only 500ETH left before reaching the cap, so users are encouraged to act soon.

Convex Finance has successfully locked 10m vePRISMA in less than 3 months. Users are encouraged to stake their vePRISMA to earn rewards. Caution is advised against clicking on any links under this tweet.