missing something but, FXB yield, by itself, without incentives is not super attractive in today’s environment.
Therefore, we incentivize users to LP the bonds for liquidity. Are those incentives coming from revenue specifically related to the bonds? Or, is it coming from emissions, which, one day would be protocol revenue since emissions will not cover it.
And yes, many incentives in the pools are CRV bc we vote for it in the gauge. But, could we vote for other things more profitable? Fxb2027 is only FXS rewards, so, for something like that…how do we value rewarding FXBs with incentives that essentially come from the protocol and how to weigh the value of FXBs vs other initiatives for those incentives.
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