Convex Finance

According to the official announcement, all Arbitrum liquidity pools on the CRV Pledge and Liquidity Mining one-stop platform Convex Finance will be migrated within the next 24-48 hours. Once a new contract is deployed, there will be a follow-up announcement. Existing liquidity providers will need to use new contracts to cancel and re mortgage. Convex will migrate all Arbitrum liquidity pools, and LP needs to cancel and re mortgage using a new contract Analysis based on this information:The latest announcement from Convex Finance has declared the migration of Arbitrum liquidity pools to its platform within the next 24-48 hours. This move has caused existing liquidity providers to use new contracts, resulting in the cancellation and remortgaging of their existing contracts. Convex Finance is a one-stop platform for CRV, which provides yield farming opportunities to its users. With the integration of Arbitrum liquidity pools, users will have more options for yield farming, making it a win-win situation for both entities. Arbitrum…