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Convex
Question
Abstra
@abstra · Nov 1, 2023, 17:52
Is there a fee for using Convex?
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Comments (2)
granpanda
@granpanda · Nov 1, 2023, 17:58
Convex does not charge any deposit or withdrawal fees, but does charge a performance fee.
It charges a 17% fee on all CRV token rewards earned by providing liquidity on Curve Finance.
Documentation about fees
docs.convexfinance.com/convexfinance/faq/fees
It charges a 17% fee on all CRV token rewards earned by providing liquidity on Curve Finance.
Documentation about fees
docs.convexfinance.com/convexfinance/faq/fees
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0xAlex
@0xalex · Nov 8, 2023, 14:27
I don't think you need to worry about the performance fee😌
Because, unlike the dopsit fee and withdrawal fee, it does not have to be paid additionally.
The performance fee has already been deducted from APY. Therefore, there is no problem using APY to compare with other pools.
Because, unlike the dopsit fee and withdrawal fee, it does not have to be paid additionally.
The performance fee has already been deducted from APY. Therefore, there is no problem using APY to compare with other pools.
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