Compare Convex with Lido Liquid Staking
| Detail | ||
|---|---|---|
| Category | DeFi & Yield | DeFi & Yield |
| Used for | ||
| Staking | Supports | Supports |
| Governance Events | Supports | Doesn't list |
| Yield Farming | Supports | Doesn't list |
| Chains | ||
| Arbitrum | Supports | Doesn't list |
| Ethereum | Supports | Doesn't list |
| Polygon | Supports | Doesn't list |
| Platforms | ||
| Web | Supports | Doesn't list |
| Features | ||
| Dashboard | Doesn't list | Supports |
| Multi-chain | Doesn't list | Supports |
| Wallet Connect | Supports | Doesn't list |
| Data | ||
| DeFi | Supports | Doesn't list |
| Pricing | ||
| Contact Sales | Doesn't list | Supports |
| Pricing and verification | ||
| Starting price | Unknown | Unknown |
| Free plan | Unknown | Unknown |
| Free trial | Unknown | Unknown |
| Verification | Not verified | Not verified |
“Doesn’t list” means the catalog has no record of it for that tool, not that the tool cannot do it.
Verdict
From CoinSeek’s reviewed take on each tool. Neither is declared the winner.
Convex
Convex is a web-based yield aggregator that helps people earn higher rewards from protocols such as Curve, Frax, and f(x) Protocol. Users deposit liquidity pool tokens and the platform handles the boosting automatically, and deposited tokens can be withdrawn at any time. Holders of CVX can lock it to vote on where token emissions go, with votes taking place on a regular schedule. Users can also stake cvxCRV for rewards. The listing says its contracts are non-custodial, immutable, and audited by outside firms. It runs on Ethereum, Arbitrum, and Polygon, and suits people already comfortable with DeFi yield farming. Pricing is not stated.
Best for: Boosting Curve liquidity rewards; Yield farming with LP tokens; Voting on token emissions; Staking cvxCRV for rewards
Lido Liquid Staking
Lido Liquid Staking is a protocol for staking Ethereum and Polygon assets while keeping them usable. Users receive a liquid token such as stETH, which can be traded on secondary markets or put up as collateral in lending protocols. Rewards are distributed daily and there are no lockups. The catalog also lists EarnETH and EarnUSD vaults, stVaults for choosing validators, and Distributed Validator Technology through Obol and SSV Network. Node operators can join through the Community Staking Module, and token holders can take part in DAO governance. It suits stakers who want liquidity, plus developers and enterprises. Pricing is listed as contact sales.
Best for: Staking ETH without lockups; Using stETH as collateral; Running validators in clusters; Joining DAO governance votes