So these may be some basic questions: - How did Frax

Question

So these may be some basic questions: - How did Frax

get to the top of the CVX Leaderboard?
- Is Frax using their CVX votes to get higher APRs on frxEth LPs on Curve?
- By having Curve rewards for frxETH, that increases the sfrxETH APR higher than Lido's rewards? (That's because only sfrxETH gets rewards, not frxETH)

#cryptocurrency #english #frax

0

14.05.2023

3 ответов

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Simplify DeFi Автор вопроса

Avi ✨
1) Aped on cvx early on (first mover advantage). 2...

Thanks Avi for answering! Did FRAX use the treasury to buy CVX? Do they have strategies to maintain/increase their CVX holdings?

0

14.05.2023

Avi ✨

Simplify DeFi
Thanks Avi for answering! Did FRAX use the treasu...

Tbh not sure maybe @samkazemian can answer that one

0

14.05.2023

Avi ✨ · Accepted Answer

Avi ✨

1) Aped on cvx early on (first mover advantage). 2) Frax purchases bribes via votium and also uses it’s locked cvx to vote on all its own pools. 3) sfrxeth yield is higher than most because because get to choose whether they earn yield by LPing or staking (this split leads to yield arbitrage between the two opportunities)

0

14.05.2023

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