Best Crypto Lending Platforms
Top rated: Aave 8.0
Borrow against your holdings, or lend them out.
4rated →
7.7/10
Yield Aggregators
Company file: Convex Finance, owners, incidents →
Convex
Does one thing: uses the veCRV it has locked forever to boost Curve returns for depositors who do not want to lock anything themselves. Narrow, effective, and entirely dependent on Curve continuing to work.
Best for: Boosted Curve returns without locking tokens yourself
Company file: Convex Finance, owners, incidents →How this score was reached
7.7 is the weighted average of the five pillar findings below. Dependable, with trade-offs a reader should know about first.
- Custody & Security35%
- 7.8
- Cost & Fee Transparency20%
- 8.0
- Regulation & Legal Standing5%
- 6.2
- Performance & Reliability30%
- 7.8
- Access & Support10%
- 7.4
Non-custodial and audited; the 3-of-5 admin multisig cannot reach user deposits. The contracts have not been exploited, but a DNS hijack of the website in June 2022 took about $14K from users, with no reimbursement record found. Entirely coupled to Curve — a failure there is a failure here.
Takes 17% of CRV earned (10% cvxCRV stakers, 4.5% CVX stakers, 2% treasury, 0.5% harvest caller), hard-capped at 20% in the contracts. The boost exceeds the fee for most depositors.
Unlicensed with governance concentrated in locked-token holders, by design.
Reliably delivers the boost it describes. Performance is inherited from Curve in both directions; TVL is about $602.7M (27 Sep 2026), against $21.2B in Jan 2022.
Documentation is adequate; the mechanism takes real effort to understand.
Strengths
- Delivers a genuine boost that exceeds the fee for most depositors
- Contracts never exploited; the admin multisig cannot touch deposits
- 17% fee, hard-capped at 20% in the contracts
Against it
- Completely coupled to Curve — inherits every risk there
- The mechanism is genuinely hard to understand
- Governance concentrated in locked-token holders
One job, done well
Convex uses the veCRV it has locked forever to boost Curve returns for depositors who do not want to lock anything themselves. It takes 17% of CRV earned, hard-capped at 20% in the contracts, and the boost exceeds the fee for most depositors. The 3-of-5 admin multisig cannot reach user deposits.
The contracts have not been exploited, but the record is not spotless: a DNS hijack of the website in June 2022 took about $14K from users, with no reimbursement record found. And it is entirely coupled to Curve — a failure there is a failure here.
Frequently asked questions
How does Convex increase Curve yields?+
It pools veCRV locked permanently to earn the maximum boost, then passes that boost to depositors who have not locked anything themselves. You get the enhanced rate without the lock-up.
What happens to Convex if Curve fails?+
It fails with it. There is no diversification — the coupling is total, which is the main risk.
Has Convex been hacked?+
Its contracts have not. On 24 Jun 2022 its website front end was DNS-hijacked and about $14K was taken from users who signed on the fake site; we found no reimbursement record. Check the URL before signing anything.
Assessed by
By James Park
NFT & Web3 Gaming Analyst · September 27, 2026
◆ Disclosure
CoinRadar Daily is a non-commercial project. We have no commercial relationship with Convex, earn nothing from any link on this page, and carry no advertising or sponsorship anywhere on the site. Findings rest on public sources; we did not open an account or transact.
Rubric v2.0How we score →
The rest of the yield aggregators table
- 01Convex — you are hereBoosted Curve returns without locking tokens yourself7.7
Related tables
How we score →Independent, rubric-scored tables for the services behind this story.
Best DeFi Protocols
Top rated: Uniswap Protocol 8.9
The base layer everything else is built on.
4rated →
Best Liquid Staking Protocols
Top rated: Lido 8.2
Staking that hands you a tradable receipt token.
4rated →