Glossary
Convex
A protocol built on top of Curve that pools veCRV from depositors, capturing boosted yield and selling its voting power back to other protocols.
Convex aggregates Curve LP positions: users deposit Curve LP tokens and receive boosted CRV rewards plus CVX emissions, without locking their own CRV. Convex itself locks the underlying CRV as veCRV maximally, becoming the largest veCRV holder.
That concentration gave Convex the largest single block of votes on Curve gauge weights, which in turn became a tradable governance asset — the entire "Curve wars" / vlCVX vote-bribing market sits on top of this structure.