Sam has said here that daily AMO profit is about

Question

Frax Finance

DeFi Ahab

Sam has said here that daily AMO profit is about

$400k but then why is the UI showing only $723k yield to veFXS per week?

#cryptocurrency #english #frax

0

15.11.2021

6 ответов

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DeFi Ahab Автор вопроса

thanks. is it true that about $600MM of the frax curve pool is owned by frax itself? and that accounts for the bulk of the AMO profit?

0

15.11.2021

Sam Kazemian ¤⛓️¤

DeFi Ahab
thanks. is it true that about $600MM of the frax c...

It is true yes. We make other profits across a number of places including lending, cross chain AMOs, but currently a large amount of our profits do come from the Curve-Convex ecosystem yes.

0

15.11.2021

DeFi Ahab Автор вопроса

Sam Kazemian ¤⛓️¤
It is true yes. We make other profits across a num...

very nice flywheel

0

15.11.2021

DeFi Ahab Автор вопроса

Sam Kazemian ¤⛓️¤
It is true yes. We make other profits across a num...

btw you're collecting significant bribes from the locked CVX (vlCVX) too and are they included in the daily AMO profit distributed to veFXS? I assume the bribes are all FXS because you're voting for your own pool.

0

15.11.2021

Sam Kazemian ¤⛓️¤

DeFi Ahab
btw you're collecting significant bribes from the ...

The bribes our locked CVX earns is mostly part of the FXS bribe itself which gets cycled by into the next week’s voting period. If we get non-FXS bribes in the future like our D3 pool with FEI and alchemix, we can decide through governance how we distribute/keep those bribes yes. Perhaps either keep on balance sheet or give it back as yield to veFXS holders.

0

15.11.2021

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

Not all of it goes to buying back FXS, we keep CVX and some ETH on our balance sheet since governance passed that we should not sell off every part of the profit to simply purchase FXS.

0

15.11.2021

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Sam has said here that daily AMO profit is about

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