Convex Finance focuses on maximizing yields for Curve liquidity providers through boosted rewards and simplified staking. Thetanuts Finance offers yield by selling options on altcoins, providing a different risk-return profile. Convex suits users seeking optimized stablecoin or Curve-based yields, while Thetanuts appeals to those comfortable with options strategies for yield generation.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $498.4MDefiLlama | $414.83DefiLlama |
| MCap Rank | #240 | #1803 |
| Total Raised | — | $35.0M |
| Founded | 2021 | 2021 |
| Stage | — | — |
| X / Twitter | 56K | 80K |
| GitHub Stars | 185 | — |
| Chains | arbitrumethereumfraxtal | arbitrumauroraavalanche |
| Tags | Yield optimizer, DeFi, Decentralized Finance (DeFi) | DeFi, Derivatives, DOV |
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.
Thetanuts Finance is a decentralized on-chain options protocol specializing in altcoin options, enabling users to go long or short on options. It operates across multiple chains and offers yield generation through options vaults, though it recently suffered a $105K exploit on deprecated legacy contracts.