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Kones-

@C2tp_eth how will this effect cvxFPIS holders if the proposal

is passed?

#cryptocurrency #english #frax
0

14 ответов

59 просмотров
C2tP-

Will exchange cvxfpis for cvxfxs

0
9 месяцев назад
Mark11-
C2tP
Will exchange cvxfpis for cvxfxs

Yes and then FXS will sell off until FXS:cvxFXS peg finds equilibrium

0
9 месяцев назад
Brazy-
C2tP
Will exchange cvxfpis for cvxfxs

how does this make sense since the FPIS wont be converted into normal veFXS ?

0
9 месяцев назад
Grills-
C2tP
Will exchange cvxfpis for cvxfxs

How if the fpis would only count for 1.33 vefxs? Compared to cvxfxs counting as 4 vefxs

0
9 месяцев назад
Kones- Автор вопроса
C2tP
Will exchange cvxfpis for cvxfxs

At 1:1 ratio or 3 cvxFPIS to 1 cvxFXS?

0
9 месяцев назад
C2tP-
Grills
How if the fpis would only count for 1.33 vefxs? C...

well obviously 3 cvxfpis would be 1 cvxfxs

0
9 месяцев назад
Brazy-
C2tP
well obviously 3 cvxfpis would be 1 cvxfxs

doesn't convex continuously max lock all its veFXS? But this new locker won't have an ability to relock? Am I missing something?

0
9 месяцев назад
C2tP-
Brazy
doesn't convex continuously max lock all its veFXS...

of course you can relock

0
9 месяцев назад
Brazy-
C2tP
of course you can relock

oh so if you continuously maxlock it , it'll just stay at 1.33 veFXS forever?

0
9 месяцев назад
Travis-Moore | Co-Founder @ Frax (¤³, ¤³)
Brazy
oh so if you continuously maxlock it , it'll just ...

It would be a special ve-like contract just for the conversion. Snapshot and farms would balanceOf it for boosts and voting power.

0
9 месяцев назад
Brazy-
C2tP
yes

so if it ends up being approved, it makes sense for everyone to sell cvxFXS into cvxFPIS until there is a 3:1 ratio which is currently 4.9:1

0
9 месяцев назад
Blocks-Grahm
Travis Moore | Co-Founder @ Frax (¤³, ¤³)
It would be a special ve-like contract just for th...

Couldn’t they just not max lock it, wait out the four years, then extract the underlying FXS and continuously maxlock that into the regular veFXS contract for the perpetual increase in equivalent governance power?

0
9 месяцев назад
M4-
C2tP
yes

How convex will do, continuously max lock it or wait 4 years & relock?

0
9 месяцев назад

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