Convex Finance Review
MIT-licensed with fees published to the basis point
of 10
Convex publishes its fee split to the last component — a 17% total fee on CRV revenue itemised across cvxCRV stakers, CVX stakers, treasury and the harvest caller — charges no deposit or withdrawal fees for LPs, and licenses its platform under MIT.
No money changes hands. This is a non-commercial project: no advertising, no sponsored placements, and no affiliate or referral links. Links to the services below earn us nothing. Every overall score is the plain average of the criteria shown on the page, so you can check the arithmetic yourself — see our rating methodology and how the site is funded.
CRV fee
17% total: 10% cvxCRV, 4.5% CVX, 2% treasury, 0.5% caller
FXS fee
20% total
LP deposit/withdrawal
Zero
Licence
MIT
Auditors
MixBytes, PeckShield, ChainSecurity, Nomoi
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (10.0 + 9.0 + 8.0 + 5.0 + 6.0) ÷ 5 = 7.6.
Pros
- 17% total fee on CRV revenue itemised: 10% cvxCRV stakers, 4.5% CVX stakers, 2% treasury, 0.5% harvest caller
- 20% total fee on FXS revenue and 17% on FXN, each published
- Zero deposit and withdrawal fees for liquidity providers
- MIT licence, and auditors named: MixBytes, PeckShield, ChainSecurity and Nomoi
Cons
- Explicit non-custodial wording was not found on the pages read
- Strategy allocation and historical performance are not documented on the pages read
- The model is tied to the Curve and Frax ecosystems rather than general-purpose
Fee disclosure at its most complete
Convex publishes not just a headline rate but where every basis point of it goes: of the 17% total fee on CRV revenue, 10% goes to cvxCRV stakers, 4.5% to CVX stakers, 2% to the treasury and 0.5% to whoever calls the harvest. The Frax and FXN fees are published the same way, and liquidity providers pay zero to deposit or withdraw. Nobody else in this comparison itemises to that level, and it earns full marks.
Open and audited
The platform repository carries the MIT licence, with reports named from MixBytes, PeckShield, ChainSecurity and Nomoi.
What is not stated
Explicit non-custodial wording was not found on the pages we read — the zero-fee LP language implies self-custody without stating it — and the strategy allocation and historical performance are not documented. Those hold the custody and transparency scores below the fee and licence marks.
Who builds Convex Finance?
Convex is a yield and governance layer built on top of Curve, and its team is not named on any official source — the documentation covers the CVX token but no people. CVX is vote-locked as vlCVX for governance and fee-sharing, with day-to-day control run through a multisig rather than a formally branded DAO. An anonymous team steering a large share of Curve's voting power is the central thing to understand here.
How it compares
Origin (OUSD)
Rebasing yield stablecoin, MIT and net APY
Yearn Finance
AGPL-licensed with a named audit record
Idle Finance
Apache-licensed with net APY and named audits
Aura Finance
MIT-licensed with a published fee ceiling
Beefy
Eight named auditors, no licence file
Pendle
Yield tokenisation with a flat 5% fee
Yield Yak
MIT-licensed, no deposit or withdraw fees
Harvest Finance
Named audits, ISC only in package.json
Sommelier
Apache-licensed cellars, audits unverified
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Convex — fees — checked
- 2.Convex — LICENSE (MIT) — checked
- 3.Convex — audits — checked
- 4.Convex Finance — documentation — checked
Frequently asked questions
What does Convex charge?
A 17% total fee on CRV revenue, split into 10% for cvxCRV stakers, 4.5% for CVX stakers, 2% treasury and 0.5% harvest caller, and 20% on FXS revenue. Liquidity providers pay no deposit or withdrawal fees.
Is Convex open source?
Yes. The platform repository carries the MIT licence.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.