on liquidity per each FRAX in circulation?
Other than FXS gauges, it's near net 0 spending on incentives. For example, people think we spend a LOT on bribes but they forget that if we spend $500k on bribes, the protocol ends up earning around $500k or more in farming revenue. So it's net 0 spending in almost all areas other than the natural FXS gauge emissions.
Hmm and I suppose FXS gauge shouldn't be thought of as accounting spend, in the same way it isn't on CRV.
only depend crv cvx price. 1 year last frax big big loser
Natural FXS gauge emission? What does it refer to?
I believe that it is referring to the gauge gauge emission which is 6,250 FXS per day across all gauges.
If one believes in frax, it’s a no brainer to just reinvest the bribes in frax
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