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Chuck-Beard

I wanted to check in - I know there was

some concern about rage quit proposals with regards to achieving the 100% CR - but does that thought stand for locked LP tokens for an unwinding/soon to be defunct protocol like Vesta? @samkazemian

#cryptocurrency #english #frax
0

9 ответов

11 просмотров
Mark11-

What will happen if it isn't unlocked?

0
29.09.2023
Chuck-Beard Автор вопроса
Mark11
What will happen if it isn't unlocked?

As far as I can tell just stuck funds in the LP. Halting of new VST being minted. Hopefully there are no peg issues but in worst case scenario could anyone in this LP lose value of their funds? Perhaps

0
29.09.2023
Mark11-
Chuck Beard
As far as I can tell just stuck funds in the LP. H...

Yeah probably nothing I agree - but doesn't make much sense to allow a certain whale to keep gaming the VST gauge

0
30.09.2023
Thai-Felix
Mark11
Yeah probably nothing I agree - but doesn't make m...

Why? I think it’s fair to have gauge. People like my locked for 4 years. Would be unfair to get no gauge + being locked for 4 years

0
30.09.2023
Thai-Felix

Eventually there was no decision on this - Frax LPs will all be wiped out given that not only Vesta protocol winding down but also redeemability of Vesta in UDSC (Ie whatever Vesta token left on chain will be worthless)

0
10.11.2023
Chuck-Beard Автор вопроса

What does this mean?

0
10.11.2023
Thai-Felix
Chuck Beard
What does this mean?

That means that LP in the Vesta pool will lose everything is there is no rage quit option before March 2024

0
10.11.2023
Chuck-Beard Автор вопроса
Thai Felix
That means that LP in the Vesta pool will lose eve...

This seems bad for Frax protocol since it’s locked liquidity and bad for the LP providers. I know the 0 fee rage quit prop didn’t pass - does anyone in this chat who has more knowledge on these sorts of proposals have any suggestions?

0
11.11.2023
Thai-Felix
Chuck Beard
This seems bad for Frax protocol since it’s locked...

Complete waste for everyone if nothing happens

0
11.11.2023

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