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Frax Finance Frax Finance
DS-

Guys, before I pick up another tranche of FXS and

lock it for veFXS, just want to make sure I have this right. the 12% APR is just what I would expect. But by voting for a gauge I'm also getting rewards around that, and the math on that is 175,000 FXS split among whatever % of the 48m veFXS that voted....is that right?

#cryptocurrency #english #frax
0

10 ответов

25 просмотров
4 years locked.-veMAXI (as a millionaire)

we just voted to change the rewards for veFXS, increasing the FXS1559 rewards to veFXS stakers increasing from 50% to 100%

0
06.11.2021
DS- Автор вопроса
4 years locked. veMAXI (as a millionaire)
we just voted to change the rewards for veFXS, inc...

Where is that vote? And the increase is based on what? AMO profits?

0
06.11.2021
4 years locked.-veMAXI (as a millionaire)

also the % APR will change with FXS price, eg if the price doubles over night then the %APR is halved , but the $ value of rewards stays the same

0
06.11.2021
4 years locked.-veMAXI (as a millionaire)
DS
Where is that vote? And the increase is based on w...

the vote is in the governance tab, and its the 1559 profits

0
06.11.2021
DS- Автор вопроса

cool. i'm much less worried about a 6% or 12% APR and more thinking about the rewards, as that is where the outsized return would be I'd guess.

0
06.11.2021
4 years locked.-veMAXI (as a millionaire)
DS
cool. i'm much less worried about a 6% or 12% APR ...

the vote should double the rewards to over 20% when it goes live.

0
06.11.2021
DS- Автор вопроса
4 years locked. veMAXI (as a millionaire)
the vote should double the rewards to over 20% whe...

Got it. But that 12%, soon to be 20% is not related to the 175,000 weekly rewards I see in the gauge tab, right?

0
06.11.2021
4 years locked.-veMAXI (as a millionaire)
DS
Got it. But that 12%, soon to be 20% is not relate...

the rewards for the gauge are from the emissions pool , and the emissions are going to be reduced by 50% at the end of the year

0
06.11.2021
4 years locked.-veMAXI (as a millionaire)
Jay Uribe
Where can we see this vote?

its with all the other votes in the governance section of the app

0
06.11.2021

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