Great content sir! Thanks for putting this up together. One question I have:
For a CRV holder, what's the benefit of staking at Convex as cvxCRV over depositing the CRV on Curve's cvxcrv pool and then staking the cvxcrvCrv LP token on Convex? Both give ~ 50% APR atm, so why not the latter?
I don't know whether there is any advantage of one over the other. One thing to note is that staking cvxCRV will result in rewards in the form of CRV, CVX, and 3pool LP tokens, whereas staking your cvxcrv LP tokens will result in rewards only in the form of CRV and CVX. The proportion of these rewards also differs between the two.
Great content sir! Thanks for putting this up together. One question I have:
For a CRV holder, what's the benefit of staking at Convex as cvxCRV over depositing the CRV on Curve's cvxcrv pool and then staking the cvxcrvCrv LP token on Convex? Both give ~ 50% APR atm, so why not the latter?
Thank you for your comment!
I don't know whether there is any advantage of one over the other. One thing to note is that staking cvxCRV will result in rewards in the form of CRV, CVX, and 3pool LP tokens, whereas staking your cvxcrv LP tokens will result in rewards only in the form of CRV and CVX. The proportion of these rewards also differs between the two.
I see. Thanks again.