# CIP#57 Whitelist The Convex Protocol **URL:** \ **Category:** Proposals\ **Created:** [April 23, 2021, 1:28pm UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654 "2021-04-23T13:28:40Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![C2tP](http://gov.curve.finance/user_avatar/gov.curve.finance/c2tp/32/444_2.png) [@C2tP](http://gov.curve.finance/u/C2tP)\ **Post date:** [April 23, 2021, 1:28pm UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654/1 "2021-04-23T13:28:40Z")
**Summary** : This proposal is to whitelist Convex Finance ([link](http://www.convexfinance.com)) in Curve’s “SmartWalletWhitelist” contract allowing Convex Finance to participate in Curve governance, lock CRV, and provide boosted rewards to Curve LPs without auto-selling. You can read about [Convex here](https://convexfinance.medium.com/convex-finance-pre-launch-announcement-3630b2a428d0) **Abstract** : - Convex Finance provides a boost to Curve LPs without auto selling rewards while taking a small performance fee on only CRV itself. - Convex Finance provides more rewards to CRV stakers by passing performance fees to CRV stakers along with their normal 3CRV rewards untouched. - Convex Finance hopes to simplify the Curve boosting system and provide more incentives to locking CRV. CRV locked in Convex will be locked forever. A tokenized(cvxCRV) version will allow users to trade their cvxCRV back to CRV at any time through incentivized pools. Majority of Convex performance fees will be given to cvxCRV holders as normal CRV(10%) with most of the rest being locked and tokenized as cvxCRV and given to CVX stakers(4.5%). There will also be a small 0.5% fee for gas incentives for claiming rewards from gauges and keeping the system moving. Read more: Website: [www.convexfinance.com](http://www.convexfinance.com) Medium: [https://convexfinance.medium.com](https://convexfinance.medium.com) **Motivation** : As DeFi farmers ourselves, we saw a need for a platform that allowed users to receive the max boost possible from CRV in a simplified manner. Convex Finance aims to enable more users to be onboarded into the Curve ecosystem by making it easy and painless for users to receive better yields on their CRV and Curve LP tokens compared to what the average user might receive on their own. **Specification** : The Curve DAO needs to execute the following function on SmartWalletWhitelist ([link](https://etherscan.io/address/0xca719728ef172d0961768581fdf35cb116e0b7a4#code)) to approve the Convex Finance contract:([link](https://etherscan.io/address/0x989aeb4d175e16225e39e87d0d97a3360524ad80)) approveWallet(0x989AEb4d175e16225E39E87d0D97A3360524AD80) By doing so, Convex Finance will be able to lock CRV and thus receive boosted rewards, vote in Curve governance, and receive veCrv rewards. **Notes** : - Convex Finance has completed its audit with MixBytes() - Convex Finance is supported by the Curve team. **Vote** : [https://dao.curve.fi/vote/ownership/44](https://dao.curve.fi/vote/ownership/44) ---
**Author:** ![goodgirlgonecrypto](http://gov.curve.finance/letter_avatar_proxy/v4/letter/g/f0a364/32.png) [@goodgirlgonecrypto](http://gov.curve.finance/u/goodgirlgonecrypto)\ **Post date:** [April 24, 2021, 6:14am UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654/2 "2021-04-24T06:14:41Z")
This is a big YES from me and already voted so! Check out this chart: ![Ezqqm-KVIAAmDCC](https://gov.curve.finance/uploads/default/original/1X/cd8652dbf1e914f43023499497ca4021be8b98f0.jpeg) ---
**Author:** ![nicecurves](http://gov.curve.finance/letter_avatar_proxy/v4/letter/n/a88e4f/32.png) [@nicecurves](http://gov.curve.finance/u/nicecurves)\ **Post date:** [April 24, 2021, 5:17pm UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654/3 "2021-04-24T17:17:06Z")
thumbs up yes…the more people and options in the eco system the better…abundance for all ---
**Author:** ![WormholeOracle](http://gov.curve.finance/letter_avatar_proxy/v4/letter/w/9f8e36/32.png) [@WormholeOracle](http://gov.curve.finance/u/WormholeOracle)\ **Post date:** [April 25, 2021, 5:06am UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654/4 "2021-04-25T05:06:09Z")
never seen so much voter turnout 😏 ---
**Author:** ![cryptomooniac](http://gov.curve.finance/user_avatar/gov.curve.finance/cryptomooniac/32/454_2.png) [@cryptomooniac](http://gov.curve.finance/u/cryptomooniac)\ **Post date:** [April 25, 2021, 7:28pm UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654/5 "2021-04-25T19:28:04Z")
Also voted yes. Let’s see how it goes. ---
**Author:** ![tekko](http://gov.curve.finance/letter_avatar_proxy/v4/letter/t/f4b2a3/32.png) [@tekko](http://gov.curve.finance/u/tekko)\ **Post date:** [April 26, 2021, 2:08am UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654/6 "2021-04-26T02:08:14Z")
The value from this could make CVX as huge as YFI ---
**Author:** ![Svc1](http://gov.curve.finance/letter_avatar_proxy/v4/letter/s/cab0a1/32.png) [@Svc1](http://gov.curve.finance/u/Svc1)\ **Post date:** [April 28, 2021, 6:40pm UTC](http://gov.curve.finance/t/cip-57-whitelist-the-convex-protocol/1654/8 "2021-04-28T18:40:03Z")
Keeping all thing equal, good to go