Will Frax pools on Convex only enjoy a veFXS boost

Question

Frax Finance

Roy

Will Frax pools on Convex only enjoy a veFXS boost

(no time boost)?

#cryptocurrency #english #frax

0

22.12.2021

6 ответов

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Roy Автор вопроса

With my question I meant the following: if you deposit your LP tokens on Frax you'll get base APR * (time + veFXS multiplier); if you deposit your LP tokens on Convex, will you only get base APR * veFXS multiplier (no time multiplier) plus some (i.c. CVX vAPR)?

0

22.12.2021

4 years locked. veMAXI (as a millionaire)

Roy
With my question I meant the following: if you dep...

i dont think convex has LP staking , and they dont have veFXS boost. they just want people to deposit FXS and exchange it for there own token, convex will then stake the FXS in to veFXS and use the voting power to generate an income.

0

22.12.2021

Roy Автор вопроса

Ah I thought it would boost APR same like with veCRV. So they will only achieve an APR on FXS by locking it and possibly by receiving bribes in the future. If that's true, the APR on your LP tokens should be way higher on Frax than on Convex, right?

0

22.12.2021

4 years locked. veMAXI (as a millionaire)

Roy
Ah I thought it would boost APR same like with veC...

we dont know, convex has not started offering FRAX stuff yet, so we would just be guessing

0

22.12.2021

merx Leikar

Roy
Ah I thought it would boost APR same like with veC...

Convex is basically just providing the same service it does for Curve but for Frax as a yield aggregator and unbundler if you want max veFXS yield without the time commitment, the price for that is you get no voting or boost rights from veFXS, you will have cvxFXS instead which may provide some other benefits through Convex

0

22.12.2021

merx Leikar · Accepted Answer

merx Leikar

Convex would be a veFXS holder itself just like any of us if you lock FXS into it, as such they could make use of the boosted pools as an LP for more rewards to share later on. Locking FXS in Convex gives away your own rights to voting and boost, but gives the benefit of maximized yield and liquidity since you can exchange your cvxFXS for FXS any time instead of locking into Frax itself for 4 years

0

22.12.2021

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Will Frax pools on Convex only enjoy a veFXS boost

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