the whole of Frax?
You can guesstimate it based on the TWAMMs the team adds on the FXS/FRAX pair. The buybacks (weekly) have been around 200-300k on average iirc
So our monthly revenue is around $800k-$1200k 👍 Meaning we will use 5-10% of our profits for a mercenary liquidity incentives scheme. Not saying that is wrong, but we should consider the consequences on other parts of our protocol. Of course hopefully revenue goes up over time, but imo we should plan to spend out from a sober perspective that it will take time for revenue to increase 👍 Is there any calculations done for how much revenue usually increase with higher TVL? Or if more traffic is achieved? Anyone know?
It should be quite easy to calculate how much more $1m in frxETH brings in. For FRAX it's harder since you need to know how much the AMOs are making but you could use the sFRAX yield as an estimate.
Most likely we will pay for it with the profit that is ususally routed to veFXS no? So no point to bring frxETH into consideration if that is not used 🤔
Not sure what you mean. More minted frxETH means more revenue for Frax. If the Velodrome proposal brings in more frxETH and FRAX that's good for Frax. The question is moreso how much it will.
More frxETH means mostly more sfrxETH yield no? How much of that yield is passed on to veFXS holders?
8% goes toward holders. 2% goes to insurance. 10% fee to holder
Can you make this sentence more simple? Do not quite understand it.. But from the docs it says " All profit generated from Frax Ether validators is distributed to sfrxETH holders" So not sure where the 8, 2 and 10% come from 🤔
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