Convex Finance focuses on maximizing yields from Curve pools by boosting rewards for liquidity providers. Pendle enables users to tokenize and trade future yield, separating principal from yield for flexible strategies. Convex suits those seeking optimized Curve returns, while Pendle appeals to users wanting to speculate on or hedge future yield.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $498.4MDefiLlama | $1.15BDefiLlama |
| MCap Rank | #240 | #134 |
| Total Raised | — | $15.5M |
| Founded | 2021 | 2021 |
| Stage | — | — |
| X / Twitter | 56K | 161K |
| GitHub Stars | 185 | 211 |
| Chains | arbitrumethereumfraxtal | arbitrumavalanchebase |
| Tags | Yield optimizer, DeFi, Decentralized Finance (DeFi) | Derivatives, Yield Tokenization, LSD |
Convex Finance simplifies Curve boosting to maximize yields for liquidity providers and CRV stakers. It allows Curve LPs to earn boosted CRV and trading fees without locking CRV, while CRV stakers earn additional rewards. The protocol improves capital efficiency and balances incentives between LPs and stakers.
Pendle is a decentralized protocol that tokenizes and trades future yield, using a specialized AMM to handle time-decaying assets. It gives users flexible control over yield through fixed-income and leveraged strategies across multiple chains.