Convex Finance is a DeFi platform designed to enhance the yield farming experience by providing a simplified and optimised interface for Curve.fi users. Convex allows CRV token holders and Curve liquidity providers to earn increased rewards without locking CRV themselves. By staking tokens on Convex, users benefit from boosted CRV staking yields and additional CVX tokens as rewards, enhancing their overall profitability in DeFi markets.