18954
The official Telegram group for Frax. https://frax.finance/ codebase: https://github.com/fraxfinance twitter: https://twitter.com/fraxfinance news: @fraxfinancenews trading: @fraxtrading
heeeeeeeeeeeeey,
So I've seen there have been fraz incentives for holding frax. Do I get similar incentives for lending out Frax or sFrax?
You can use our official bridges or other routers like Squid Router
Native bridge
https://mainnet.frax.com/tools/bridge/deposit
Squid Router
https://app.squidrouter.com/
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?
How long will the incentives be going for the FXS / sfrxETH balancer pool?
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You can lend Frax, LP Frax or, stake frax for sfrax to earn yield. If you hold these asses on Fraxtal chain, you will also own FXTL points.
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Also I have noticed that frax is very stable , can I hear some assurances as to why it will remain so?
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Thanks you so much for the explanation @c2tp_eth and the assist @jpk1080 !
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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.
What's the best way to send FXS from Fraxtal to ETH? Not sure what the difference between the fraxtal bridge and ferry are
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End goal:
I would like to help educate the community as to how they can get max boost on Curve Pools
So, if an LP on Fraxtal wants max boost , is it better for them to acquire a veCRV position, or, should staking the CurveLP token in Convex typically give close to the higher range. My original assumption was that staking in Convex would give the user closest to the highest range, but, based on the crvUSD:FRAX pool, I am second guessing my hypothesis and realizing that I may not fully understand the mechanics.
It makes sense to me that emissions are on a per epoch basis so, updated veCRV does not affect total emissions, but, those LPs with the boost should earn more proportionally of the epochs emissions when compared to those without a boost.
Here are my questions, and, maybe you @c2tp_eth can answer or, maybe someone else with more knowledge than me of veCRV boosts can also answer.
Just a reminder to keep price related subjecrs in the price chat:
/channel/fraxtrading
Well, you lose if you take out a loan against your fxs to buy more and then get liquidated
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Mostly I'm just a die hard believer in the frax vision, and fundamentally feel like you can't lose by being a part of it (at least in the long run if they manage to stick around and gain traction)
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