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TVL $10MAPY 10.13%medium riskUpdated Feb 1, 2025

Curve.fi Factory Plain Pool: msETH/WETH Convex Deposit

Deposit Curve msETH/WETH LP tokens into Convex for boosted yields on this Metronome Synth ETH pool.

ProtocolConvex
Networkethereum
SymbolCVXMSETHWETH-F
CategoryYield Vaults
Underlying Assets
msETHWETHETHCRVCVX
Contract Address0xb6d1960db6a611ae3302b87be26960a82bd7ebe2

What is msETH/WETH Convex Deposit?

This vault optimizes yields for the Curve msETH/WETH pool through Convex Finance. msETH is Metronome's synthetic ETH token, and this pool provides liquidity for swaps between synthetic and native ETH.

How This Vault Works

  1. Provide msETH and/or WETH to the Curve pool
  2. Stake LP tokens in this Convex vault
  3. Convex applies boosted CRV rewards
  4. Earn trading fees plus CRV and CVX
Yield Sources: Curve swap fees, boosted CRV emissions, CVX rewards.

Understanding msETH

msETH is Metronome Protocol's synthetic ETH:

  • Part of Metronome's multi-asset synth platform
  • Overcollateralized by deposited assets
  • Maintains peg through protocol mechanisms
  • Used for synthetic asset trading

Metronome Protocol

Metronome (originally Vesper) offers:

  • Synthetic asset minting
  • Yield strategies
  • Cross-chain operations
  • DeFi integration

Pool Dynamics

This pool provides:

  • Exit liquidity for msETH holders
  • Arbitrage opportunities for peg maintenance
  • Synthetic ETH access for traders
  • Integration with Metronome ecosystem

Fee Structure

Standard Convex fees:

  • 16% of CRV rewards
  • No deposit/withdrawal fees

Risk Disclosures

Smart Contract Risk: Exposure to Curve, Convex, and Metronome Protocol contracts. Synthetic Asset Risk: msETH value depends on Metronome's collateralization and mechanics. Protocol issues could affect the peg. Lower Liquidity: Smaller synthetic assets may have limited liquidity during stress. Protocol Risk: Metronome is less widely known than major DeFi protocols. Less community oversight. Depeg Risk: msETH trading at discount to ETH causes LP losses. Ethereum Correlation: ETH-denominated assets lose USD value when ETH drops. Newer Protocol Risk: Less historical data on msETH's performance across market conditions.

Related Yield Vaults

USPD/USDC Convex Deposit1.34% APYDOLA/sUSDe Convex Deposit4.65% APYFRAXUSDe Convex Deposit2.50% APYYearn WETH yVault1.82% APYCurve.fi Factory Pool: stETH-ng Convex Deposit1.27% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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