Convex permits customers to entry liquidity and earn charges from Ethereum-based stablecoin trade Curve Finance, as soon as the biggest DeFi protocols with a complete worth locked (TVL) of $23 billion. As of Wednesday, Curve’s TVL had dropped to $3.2 billion, according to a broader market fall. Convex locks over $3 billion and held over $21 billion throughout its 2021 lifetime peak.
