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Nitin-Grover

Have a question: does all the $fxs bought back

through various AMO , Fraxlend or any other means is not burnt but redistributed ?

#cryptocurrency #english #frax
0

1 ответов

12 просмотров
Andy - IQ & Frax Finance 🧠-(Slow Replies @ T2049)

Governance has voted to move 100% of protocol profits to veFXS yield after this vote. This documentation page below describes the original FXS1559 specification which burnt all FXS bought back. The current mechanism sends that amount of FXS to the veFXS yield contract. This might give you better insight ◡̈ https://snapshot.org/#/frax.eth/proposal/Qme9dSFWogE5icNAhx95wGyG2fHPwKjC9qQjzXwBLH7WW3

0
19.06.2022

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