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AJC_rypto-

Trying to read up on frax. Noticed you can lock

/ stake for veFXS but the APR is 0.17-0.7% Why would anyone do that?

#cryptocurrency #english #frax
0

5 ответов

16 просмотров
Jefe-ElJefe

Because the fee switch is about to go on

0
7 месяцев назад
Jack-

This rate will go up to 5%-20% or something depending on how long you lock

0
7 месяцев назад
AJC_rypto- Автор вопроса
Jefe ElJefe
Because the fee switch is about to go on

What does that mean?

0
7 месяцев назад
Jefe-ElJefe

Actually yield used to be much higher when fees were going to vefxs holders before. And you also get boosts on farms and voting power

0
7 месяцев назад
Jefe-ElJefe
AJC_rypto
What does that mean?

Yield is going to be a lot higher than that when protocol revenues start going to holders. Currently protocol earns about $40 million annualized

0
7 месяцев назад

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