Anyone decided on where they are going to lock up

Question

Frax Finance

Smilfhunter

Anyone decided on where they are going to lock up

their FXS? Can’t decide whether to go with veFXS or cvxFXS or maybe spilt 50/50

#cryptocurrency #english #frax

0

04.01.2022

7 ответов

2 просмотра

Picodes

Ali G
depends on what you want to do with your FXS actua...

To me the trade-off is that with convex you will have a better FXS apr as you’ll get a share of anyone staking on frax through convex, but you give away your voting power.

0

04.01.2022

Ali G

Picodes
To me the trade-off is that with convex you will h...

i dont think you are giving away your voting power mate. it will work similarly to how CRV/CVX works if i am not mistaken.

0

04.01.2022

Alastair Smith

What’s the mechanism for the cvxFXS income. Like how will it pay rewards? I get that locking as veFXS will result in having 4x more FXS after it is unlocked. Unsure exactly how convex works. 🙈.

0

04.01.2022

Ali G

Alastair Smith
What’s the mechanism for the cvxFXS income. Like h...

Convex will lock your fxs in perpetuity for 4 years. And give you cvxfxs in return. Whixh will collect the same yield of FXS + some cvx i assume.

0

04.01.2022

Ali G

You already did :) https://t.me/fraxfinance/149465

0

04.01.2022

DS

Ali G
You already did :) https://t.me/fraxfinance/149465

yep, saw it two seconds after responding. haah

0

04.01.2022

Ali G · Accepted Answer

Ali G

depends on what you want to do with your FXS actually. If you want to lock it and have a piece of mind, go with veFXS. If u want to keep getting the income but have your FXS liquid then CVX is your pal. There is no better way. Both is gud. Depends how you want your FXS to be :)

0

04.01.2022

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Anyone decided on where they are going to lock up

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