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Another-Cabrito

Hello guys on the governance proposal it is stated that

the revenue from the protocol will be used for the increase of the CR, and that the redemptions of FXS will be stopped, but it is also stated that the yield of veFXS remains the same. how will they have a return if the generated fees are used for the CR?


https://snapshot.org/#/frax.eth/proposal/0x6d43531f54de3d52ad439dcb6c56e3eae1b833fceb4d484dcb3b20be070ca25d

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

Im pretty sure not all protocol revenue is retained to fund the increased CR while maintaining the veFXS yield. However, a vast majority is used to achieve 100 CR hence the pause of buybacks and etc.

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22.05.2023

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