What is deadline for convering cvxFPIS into cvxFXS? How come

Question

Frax Finance

John T

What is deadline for convering cvxFPIS into cvxFXS? How come

the current market rate is not 3:1

#cryptocurrency #english #frax

0

12.05.2024

11 ответов

35 просмотров

wolfehr

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.

0

12.05.2024

Jack

wolfehr
The cvxFPIS -> cvxFXS contract is owned by convex,...

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

0

12.05.2024

wolfehr

Jack
It's not an arb if it takes 7 days to unstake beca...

I was just referring to the price difference between cvxfpis and cvxfxs, not price differences between fraxtal and mainnet.

0

12.05.2024

Stable 0% Man

wolfehr
I was just referring to the price difference betwe...

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.

0

12.05.2024

wolfehr

Stable 0% Man
You're asking right at the 1 week point when a new...

FYI - I'm not asking anything. Was trying to respond to why the cvxFPIS:cvxfxs price isn't 1:3 like the conversation ratio.

0

12.05.2024

Stable 0% Man

wolfehr
FYI - I'm not asking anything. Was trying to respo...

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.

0

12.05.2024

Stable 0% Man

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.

0

12.05.2024

C2tP

There's no deadline

0

13.05.2024

Jack

C2tP
There's no deadline

When will rewards for cvxfpis continue flowing until is a better question?

0

13.05.2024

C2tP