Convex Finance Live on Arbitrum

Curve-based yield protocol Convex Finance announced it's live on Arbitrum, allowing users to stake Curve LP tokens on Convex to get boosted rewards on Arbitrum.

Convex said that $CVX rewards for LPs on Arbitrum will be distributed according to the ratio of votes for pools in the bi-weekly $vlCVX gauge weight votes, and LP tokens for Convex pools on Arbitrum are transferable between addresses.

In addition, Convex will integrate with Arbitrum-based lending protocol Sentiment to allow users to gain access to leveraged positions.