1. crvUSD/FRAX pool on Curve pays a minimum of 10.44%

Question

1. crvUSD/FRAX pool on Curve pays a minimum of 10.44%

in CRV, but on Convex, it pays 8.44% in CRV. I assume that this is just a calculation issue, as in, maybe CVX numbers are more accurate than Curve, and Curve numbers are not updated yet. So, I am not worried about this, but, if there is an explanation as to why Convex is lower, please advise.
2. If I make the bold assumption that no one is using veCRV boost, and the only way to get any boost is by staking in Convex, should Convex rates be at the higher range, ie closer to 26.10%? Or, is there another factor that affects Convex's final rate?
2a. Current reward APR range on CurveFi is 10.44%-26.10% in CRV. There is $1.53m in the pool and only $323.6K staked in Convex.
2b. Since Convex's rate is at the lower range, should I assume that most of % of the TVL not staked in Convex ($1.2m) is boosted by veCRV?

#cryptocurrency #english #frax

0

11.10.2024

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PilotVietnam

C2tP
That pool never got it's vecrv address updated and...

done thanks

0

1 месяц назад

C2tP

PilotVietnam
done thanks

Thx ser

0

1 месяц назад

C2tP · Accepted Answer

That pool never got it's vecrv address updated and thus no boosts currently (Everyone getting the same rate). Just need to call update_voting_escrow on the gauge. I can later when available unless someone gets to it first. https://fraxscan.com/address/0x98a6C35546be6F7c545c99EfB48F4673eD2c99fc#writeContract#F23 Currently with how much vecrv is locked it's basically never efficient for an individual to try to lock crv for their own personal boost now. Need to use a service such as convex.

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1. crvUSD/FRAX pool on Curve pays a minimum of 10.44%

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