DeFi Tool Convex to Make Changes to Staking Service for Curve Token Rewards

DeFi Project Mercurial Plots Revamp and New Tokens Following 'Toxic' Association With FTX

Convex allows users to access liquidity and earn fees from Ethereum-based stablecoin exchange Curve Finance, once the largest DeFi protocols with a total value locked (TVL) of $23 billion. As of Wednesday, Curve’s TVL had dropped to $3.2 billion, in line with a broader market fall. Convex locks over $3 billion and held over $21 billion during its 2021 lifetime peak.

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