the current market rate is not 3:1
You can ask questions regarding to cvxFPIS and cvxFXS on Convex group.
The cvxFPIS -> cvxFXS contract is owned by convex, so they would be the best to talk to any deadline. The FPIS -> FXS contract hasn't been released yet. A deadline hasn't been mentioned, but if there is one I assume it'll be mentioned when the conversation contract is announced. As for the market rate not being 3:1, your guess is as good as mine. I think some folks are taking advantage of the market inefficiency and arbing the price difference.
It's not an arb if it takes 7 days to unstake because price of cvxfxs can fluctuate in the mean time But it is a good way to get cheap cvxfxs especially if you know fxsto100 is going to happen in the bull market
I was just referring to the price difference between cvxfpis and cvxfxs, not price differences between fraxtal and mainnet.
You're asking right at the 1 week point when a new batch of FPIS converted to cvxFXS has just finished bridging over to Mainnet an hour ago. There will be some volatility.
FYI - I'm not asking anything. Was trying to respond to why the cvxFPIS:cvxfxs price isn't 1:3 like the conversation ratio.
There's a few reasons. There's barely any Fraxtal liquidity as people have stated. And a fresh batch of cvxfxs just hit Mainnet. I try to arb the difference between cxfpis and cvxfxs price myself with others.
There's a few reasons. There's barely any Fraxtal liquidity as people have stated. And a fresh batch of cvxfxs just hit Mainnet. I try to arb the difference between cxfpis and cvxfxs price myself with others.
There's no deadline
When will rewards for cvxfpis continue flowing until is a better question?
when the frax team turns off rewards for vefpis, it will flow for about another week after that since the last claim will be distributed
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