Convex Finance vs TermFinance Vaults: Risk & Value Comparison
Convex Finance
TermFinance Vaults
Sector
Yield
Yield
Risk Score
30/100
30/100
Risk Grade
B-
B-
Value Score
49/100
28/100
Value Grade
C
D+
TVL
$474M
$11M
FDV
$129M
—
Mechanisms
7
5
Interactions
5
4
Quadrant
Safe but Stale
Dead Money
Risk Dimension Comparison
Mechanism Novelty/ 15
Convex Finance
3
TermFinance Vaults
3
Interaction Severity/ 20
Convex Finance
8
TermFinance Vaults
4
Oracle Surface/ 10
Convex Finance
1
TermFinance Vaults
2
Documentation Quality/ 10
Convex Finance
2
TermFinance Vaults
2
Track Record/ 15
Convex Finance
5
TermFinance Vaults
6
Scale Exposure/ 10
Convex Finance
5
TermFinance Vaults
3
Regulatory Risk/ 10
Convex Finance
2
TermFinance Vaults
3
Protocol Vitality/ 10
Convex Finance
4
TermFinance Vaults
7
Value Dimension Comparison
Fee Capture/ 25
Convex Finance
14
TermFinance Vaults
7
Token Distribution/ 25
Convex Finance
8
TermFinance Vaults
7
Emission Sustainability/ 25
Convex Finance
12
TermFinance Vaults
7
Competitive Moat/ 25
Convex Finance
15
TermFinance Vaults
7
Verdict
Both protocols have identical risk scores (30/100), making them equally risky.
Convex Finance has stronger value accrual (C, 49/100) compared to D+ (28/100).