Is there no way to buy like $50k of cvxFXS

Question

Frax Finance

Lamar

Is there no way to buy like $50k of cvxFXS

without insane price impact?

#cryptocurrency #english #frax

0

24.02.2024

18 ответов

47 просмотров

Alex Original

Where are you trying? Buy FXS and stake it to get cvxFXS or swap the fxs into cvxFXS on curve. Or a combo of both.

0

8 месяцев назад

Lamar Автор вопроса

Alex Original
Where are you trying? Buy FXS and stake it to get ...

i looked at swapping stables to FXS on Uni and CRV, and then converting that to cvxFXS and will lose 5% in the txn. I just do stuff on chain, so idk if theres a way i can avoid 5% loss on the move

0

8 месяцев назад

Alex Original

Lamar
i looked at swapping stables to FXS on Uni and CRV...

Also check Sushi or something like 1 inch. CoinGecko is showing Sushi had deeper liquidity than Uni. Plus, I think the Frax dapp has liquidity too. Not sure if 1inch picks that up.

0

8 месяцев назад

Lamar Автор вопроса

Alex Original
Also check Sushi or something like 1 inch. CoinGec...

ty

0

8 месяцев назад

Timothy

Sam Kazemian ¤⛓️¤
Talking to people in this group makes you think it...

Similar liquidity to fpis I think But definitely not as much as fxs

0

8 месяцев назад

Bueno Pues

Sam Kazemian ¤⛓️¤
Talking to people in this group makes you think it...

That and, there are soooo many benefits to locking direct with veFXS. The loud minority is making it seem like everyone would entertain CVX which is untrue. CVX should not be part of the convo. What is best for Frax ecosystem is what matters.

0

8 месяцев назад

Qrayon Shinchan

Bueno Pues
That and, there are soooo many benefits to locking...

Personally dont think the CVX staking is the problem. My main problem was always the dilution of veFXS holders in voting power and revenue. Crazy that suddenly FPIS holders would get 65% of revenue and voting power. Hollow did some great write-ups on the maths of why it would suck hard (https://gov.frax.finance/t/fip-3xx-fpiip-x-fpis-to-vefxs-merger/2914/19 and https://gov.frax.finance/t/fip-3xx-fpiip-x-fpis-to-vefxs-merger/2914/4). That should be the main narrative, not cvxFXS. The cvxFXS narrative take away from the importance of dilution and the impact of the first proposal of you ask me.

0

8 месяцев назад

Bueno Pues

Qrayon Shinchan
Personally dont think the CVX staking is the probl...

@madblocks will you re-look at the math and update since all FXS can be locked for 4 years and your calcs do not show this reality on the gov forum.

0

8 месяцев назад

Qrayon Shinchan

Bueno Pues
@madblocks will you re-look at the math and update...

All FXS can be locked, but never will. So not sure if that is relevant? At best one could go to different protocols to sample averages or do a average of % staked FXS to get a baseline.

0

8 месяцев назад

Blocks Grahm

Bueno Pues
@madblocks will you re-look at the math and update...

Are you referring to the calculations including current veFXS maxing out at the same time just for contextual reference? Because yeah you’re right I should add that to the forum replies too https://t.me/fraxfinance/312692

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8 месяцев назад

Mark11

Sam Kazemian ¤⛓️¤
Talking to people in this group makes you think it...

But why can you trade close to 1:1 cvxFXS to FXS if the real market price of locking for 4 years is negative 800%

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8 месяцев назад

Jack

Mark11
But why can you trade close to 1:1 cvxFXS to FXS i...

Cvxfxs has similar or more liquidity than fpis It seems an obvious win for fpis users to just be able to convert into cvxfxs at market rate Win for Convex as their combined tvl will probably increase since more fpis users will lock as cvxfxs Win for fpis holders because they get the king fxs token that captures future frax protocol growth Win for current fxs holders because community is united under one token moving forward

0

8 месяцев назад

Deon 🍄

Jack
Cvxfxs has similar or more liquidity than fpis It...

What sort of benefits are we talking about when we merge fpis to fxs other than just a sentence that we are united in one token.. In what way is fpis gonna print $$$ for fxs in it's current state..you got any numbers ? I'm interested to read on this thank you

0

8 месяцев назад

Timothy

Deon 🍄
What sort of benefits are we talking about when we...

Benefits for fxs holders is 5 million in assets and a project that earns about 500k-1 million a year in revenue Unclear what monthly dev expenses are that would need to be deducted from that

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8 месяцев назад

Deon 🍄

Timothy
Benefits for fxs holders is 5 million in assets an...

Fpis makes 500k- 1 million a year for frax ? Damn

0

8 месяцев назад

Timothy

Deon 🍄
Fpis makes 500k- 1 million a year for frax ? Damn

Yeah, The current proposal is offering to pay roughly 250 million for that Team said they will revise the proposal soon after listening to community feedback But that's the current state of affairs

0

8 месяцев назад

Weaspomer

Timothy
Yeah, The current proposal is offering to pay roug...

as diplomatic representative of fpis, you can all keep your fxs and leave the fpis yield for us

0

8 месяцев назад

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

Talking to people in this group makes you think it's a bottomless pit of exit liquidity though.

0

8 месяцев назад

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Is there no way to buy like $50k of cvxFXS

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