Convex Finance · Ethereum

ETH-STETH

Overview

The Convex Finance ETH-STETH pool on Ethereum is a multi-asset yield-generating position that combines Ether and staked Ether (STETH) tokens. This protocol aggregates liquidity from users to enhance yields through various strategies, including farming incentives.

Total APY stands at 1.79%, comprising base yield of 1.56% and reward yield of 0.23%. Over the past week, the rate has increased by 0.16%, while over the last month it has decreased by 3.38%, placing the current rate below the 30-day mean of 2.63%.

TVL is $19M with no reported change in the past seven days; primary exposure stems from smart-contract risk inherent to DeFi protocols. Given its multi-asset nature, this pool also exposes users to impermanent loss if market conditions shift unfavorably.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Current APY is 1.55%; 30-day mean is 2.01%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 86% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.