If you don't already own a lot of FXS to

make into veFXS for boost, is there any point in owning FRAX over UST, if you're interested in generating yield? I'm not seeing FRAX getting anywhere near Anchors 20% earn, unless you already happen to own a lot of relatively expensive FXS.

👍

If you look at https://app.frax.finance/staking# , there are several pools that are near 20% or higher. Also, one reason a person might choose to own Frax versus UST is because Frax has less risk of a depeg

Peter Mika
So if I had NO FXS, and Time locked USDC/FRAX for ...

A one year lock gives you a 1.667x boost. So it would not be 20% , but around 17%

Brazy

yagEUR and VSP are tokens I've never heard of, I don't think I would want to buy them in order to participate in a pool. USDC on the other I hand I know is a solid stable coin, so less risk in my view.

agEUR is a stablecoin pegged to the euro. for the vesper pool, you only need FRAX. VSP is a reward token but only a small % of rewards

ah k, thanks, yeah something to consider.. I'm all for diversifying a bit. The Uniswap/FRAX rate is "good enough" that I might consider it.

Is VSP safe? Apr so high for frax staking

ah ok thanks, .. sometimes it gets confusing.. some pools need you to provide both pairs.. others don't

You don’t have to worry about it collapsing because of unsustainable yield, If that matters to you

well... I'm not too worried about that for Anchor, they're planning on reducing the yield down a bit in May I heard and will continue to dynamically reduce anchor earn yield APR until things balance out.

Well then you’re comparing apples to oranges, because the 20% is not sustainable

well, how likely do you think the current Frax LP staking rates will stay where they currently are? I suspect they'll also trend down with time as things mature; maybe not as drastically as Anchor given the current artificial market spend to keep the current 20% but still..

It has to do with the value of emissions; if fxs is worth more then yield goes up, along with gauge weighting. Impossible to answer your question.

If I don't lock I get the 17%??

Seems like a pretty important question to least have some idea what will happen in determining about whether to invest or not. That's one thing in general that concerns me about a lot of complex defi type projects like Curve, Convex, etc.. they have so many variables, that seems really hard determining what they will do long term.. I guess you could say the same about companies, but with certain industries, and companies that have been around a while like Microsoft, you can be pretty confident they're going to keep making money.

no

The complexity and need to make an independent assessment is how/why you get 15% instead of .15% 😀

What rate will it be then? Whats the min lock time period?

without locking, the rate is currently 10% , but it is variable

Well, I was thinking maybe, the 15% is because, there is no SEC regulation yet, no one to sue, your money can basically disappear, and poof..

Anyways, I think DEFI, for it to mature and continue to grow, needs to keep moving in direction of offering more assured reward rates... that's one reason why Anchor 20% is so appealing; simple 20% , no flucuation; granted it's not going to last , but ideally that's what some should be aiming for.

sounds like FPI! The guaranteed reward rate is equal to inflation

Yeah, FPI, is a pretty good idea

Guaranteed rewards rates would likely be far lower than what you’re getting now. If you’re fine with that you can use a blue chip defi platform

Anywhere I can see them?

https://app.frax.finance/staking#

Just to make sure I.get it right, Once I supply on, say, uniswap, I néed to stake the lp token on frax finance but just don't lock them?

correct, locking is optional to boost your yield