@Samkazemian How will FXS/FRAX compete against the other gauge LPs

Question

@Samkazemian How will FXS/FRAX compete against the other gauge LPs

without a third party directly providing bribes for gauge voting? If added to the gauge voting, it would be the only? LP that would be trying to capture votes without bribes.

I can see voting on a schedule to reduce LP rewards more aggresively, but it seems detremintal to this and only this LP to include it in gauge voting.

https://gov.frax.finance/t/fip-79-unlock-move-frax-fxs-lp-to-gauges/1557/5

#cryptocurrency #english #frax

0

09.06.2022

10 ответов

8 просмотров

Samuel Автор вопроса

Sam Kazemian ¤⛓️¤
It would be interesting to see who votes for it. I...

Why not just propose a more aggresive reduction in LP rewards rather than unlocking the entire LP pool

0

09.06.2022

Westwood

Damn didn’t notice this proposal. I was actually thinking about this yesterday! I’m all for it even though I’ll lose a large portion of my passive income. I think long term this is very good for the protocol.

0

09.06.2022

Sam Kazemian ¤⛓️¤

Samuel
Why not just propose a more aggresive reduction in...

Because from @denett4 and my modeling/analysis, we believe that the protocol can easily absorb the 20m FRAX and 3.6m FXS locked liquidity assuming every person locked wants to sell (they won't, but assume they do). Especially because the protocol can create FRAX-FXS POL at will by minting FRAX and using FXS from the treasury. This is costless for the protocol overall. Thus, why emit ~8400 FXS/day when we have a chance to make FXS 40% more scarce. That pair represents about 40% of the entire FXS emissions. This would be a big step to making the protocol profitable and standardizing the emission system to be entirely through the gauge mechanism only.

0

09.06.2022

Westwood

Sam Kazemian ¤⛓️¤
Because from @denett4 and my modeling/analysis, we...

Gives me a chance to ve lock the fxs and maybe even buy more FXS with the Frax side. Hopefully some people dump their FXS and I can get even more.

0

09.06.2022

Samuel Автор вопроса

Westwood
Gives me a chance to ve lock the fxs and maybe eve...

yeah it would be great if we dump to 2-3 when the unlock happens for greatest effect

0

09.06.2022

Sam Kazemian ¤⛓️¤

Westwood
Gives me a chance to ve lock the fxs and maybe eve...

That would be the greatest trade of all time for the protocol which is why I think people are too smart to make that mistake. If people sell their FXS at a terrible price, that just makes the buyback the best deal of all time. Because it is so obvious, I doubt people will actually make such a mistake.

0

09.06.2022

Westwood

Yea makes sense to do both at the same time or at least have the threat of buyback at the same time to mitigate

0

09.06.2022

tan Any1 DM as admin will be reported to tg as scammer

Sam Kazemian ¤⛓️¤
That would be the greatest trade of all time for t...

its more likely ppl move unlocked frax to some where else.

0

10.06.2022

tan Any1 DM as admin will be reported to tg as scammer

Westwood
Yea makes sense to do both at the same time or at ...

I don't think it makes sense to do this at current market condition.

0

10.06.2022

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

It would be interesting to see who votes for it. I think it would get some decent amount of votes from fraxlimalists that hold veFXS and want to have a semi-conservative exposure to both dollars (FRAX) and FXS liquidity and take advantage of their veFXS boost. Convex could also vote for it through vlCVX holders. It should be a decently popular gauge in my opinion. I know that I would use it personally along with FPIFRAX.

0

09.06.2022

209 похожих чатов

@Samkazemian How will FXS/FRAX compete against the other gauge LPs

10 ответов

Похожие вопросы