Deposit cvxFXS and/or FXS into the Curve cvxfxs pool(https://curve.fi/factory-crypto/18/deposit) (without staking in the Curve gauge), and then stake your cvxfxsCrv tokens here to earn. Heres a link just incase. https://frax.convexfinance.com/
wait so cvxFXS doesnt earn yield itself (normal veFXS earns yield by itself)?
By depositing your cvxFXS and/or FXS in the Curve cvxFXS/FXS pool, and staking those LP tokens on Convex you’ll be earning the usual rewards from veFXS, plus the usual rewards from Curve’s cvxFXS/FXS pool, plus extra CVX incentives, plus a share of the Convex LPs’ boosted FXS earnings
Yeah, but does this also mean you are required to LP to earn FXS?
I’ve been in the cvxFXS pool for a while. Nice FXS return and even better CVX. Very small amount of CRV
The LP pool is pegged in theory so no disadvantage other than you can’t get the coding power that veFXS has. I guess there are extra risks in addition to not being able to directly shape the future for frax 🙏🏼
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