Convex Finance vs Pendle
Pendle edges out at around 24.65% top yield right now; Convex Finance sits near 15.65%. Both run live — pick the one whose category and audit story you trust.
Yield app — earn extra rewards on top of base interest by routing your tokens here. vs Yield app — earn extra rewards on top of base interest by routing your tokens here.
Side-by-side
Convex Finance and Pendle — the spec sheet
| Convex Finance | Pendle | |
|---|---|---|
| Value held | $630 M | $1.6 B |
| Category | Farming | Farming |
| Live pools | 167 | 210 |
| Best yield | 15.65% | 24.65% |
| Audits | 2 | 2 |
| Chains supported | 1 | 6 |
Top yield options
Top live pools — Convex Finance vs Pendle
Convex Finance
- convex-finance - CRV-CVXCRV Convex Finance · Ethereum 15.65%
- convex-finance - CVXCRV Convex Finance · Ethereum 15.41%
- convex-finance - WETH-CVX Convex Finance · Ethereum 12.68%
- convex-finance - MSUSD-FRAXBP Convex Finance · Ethereum 11.78%
- convex-finance - FRXETH-CVX Convex Finance · Ethereum 11.49%
Pendle
Frequently asked
Convex Finance vs Pendle — common questions
Is Convex Finance or Pendle safer? +
Both apps are well-known and audited, but the risk profile differs by category. Lending apps add liquidation and oracle risk; LP and farming add impermanent loss and incentive-token volatility. Look at the audit count, value held, and how concentrated the protocol's largest pool is — bigger and older usually means better-tested.
Which one pays more right now, Convex Finance or Pendle? +
Right now Pendle tops the live ranking at around 24.65% — but yield rotates daily across pools and incentives. Don't pick by single-day rate alone; the median rate over a few weeks tells you more than today's headline.
Can I move funds from Convex Finance to Pendle easily? +
Most positions can be exited and redeposited, but you'll pay gas + slippage on both sides. For LP and lending positions, withdrawal queues or accumulated rewards may delay you. Always factor exit cost before chasing a few extra basis points.
How do I choose between Convex Finance and Pendle? +
Pick the one whose category matches your goal (lending if you want stable interest, LP if you want trading-fee exposure, staking if you want network yield) and whose chain you already use. The yield gap matters less than the risk you understand.