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Convex Finance announced that vlCVX holders are eligible for the Monolith Market Swan launch airdrop. After launch, holders can stake swanUSD as sSwanUSD and hold through the window to earn an equal share of the pool.
Convex paired the announcement with a security warning: it will not post any links after that tweet, so any links appearing below it that look like Convex are spam, fake or phishing and should not be clicked.
Convex Finance upgraded its Governance UI with new incentive features for veCRV voters. The interface now shows incentives from Votium and VoteMarket for both current and past gauge proposals, along with incentives earned in previous rounds.
For active proposals, the UI also displays an estimate of incentives to be earned based on the voter's current choice. The upgrade is live now.
Resupply's RSUP Unofficial Staker introduced usRSUP, a new staking token: deposit RSUP and hold a transferable token that grows in RSUP value as staking rewards compound. The feature removes the need for weights, claiming, or voting — one token that is always compounding. Convex Finance amplified the announcement by reposting it.
Curve announced that Curve LP tokens can be used as collateral for borrowing while still earning CRV emissions and trading fees. The first of these so-called productive LP markets is the reUSD/sfrxUSD LP token, which is coming to llamalend, Curve's lending protocol, as collateral for borrowing crvUSD. Resupply, the Convex–Yearn protocol behind reUSD, was tagged in the announcement.
Inverse Finance governance raised the supply ceilings on Resupply's reUSD LP markets on FiRM, and the pools were again quickly depleted — 3M DOLA borrowed out with nothing left to draw. Inverse then asked borrowers how high the next raise should go, and the proposal has now hit the governance forum: an additional 2M DOLA in fresh reUSD capacity across those markets.
Convex Finance retweeted that Tangent.fi has raised the borrow cap on its reUSD/scrvUSD market. The market offers a 3.43% collateral APR and a 0% borrow APY.
Votium has enabled claims for $vlCVX tokens, with claims now available on its platform (votium.app). The update was shared via a Convex Finance retweet on X. $vlCVX holders can visit Votium to claim their tokens.
Resupply, the stablecoin protocol built by Convex and Yearn, has launched a lending market for syrupUSDC, the yield-bearing USDC token from Maple Finance. The market is now live, adding syrupUSDC as a lendable asset within Resupply's lending framework.
Convex launched cvxFXS conversion and staking on Fraxtal, announced FXTL point airdrops and the cvxFPIS-to-FXS merger.
Convex launched gauges for f(x) Protocol, adding f(x) to the platforms whose rewards Convex boosts.
Convex announced a protocol expansion to Prisma Finance, extending its boosted-rewards model to another ve-token ecosystem.
Convex expanded its cross-chain footprint to Polygon, adding Polygon pools and enabling single-sided staking of cvxFXS.
Convex went cross-chain for the first time, launching on Arbitrum with a cross-chain interface and transferable LP tokens for Convex pools.
The DNS of convexfinance.com was hijacked, redirecting users to a phishing copy of the site that requested approval of a malicious contract; Convex issued a post-mortem and set up alternate domains.
Convex began its first expansion beyond Curve, soft-launching the Frax portion of the platform with FXS deposits and conversion to cvxFXS.
The native CVX token launched with an airdrop to addresses holding veCRV at the April 23, 2021 snapshot and to veCRV holders who voted to whitelist Convex on Curve.
Convex Finance officially launched its Ethereum mainnet and dApp, allowing users to claim the CVX airdrop and stake in Convex pools to boost Curve rewards.