# Convex for Frax Finance

Convex Finance originally started out with the goal of optimizing and expanding opportunities for users of Curve.fi. Going forward, expansion into other protocols will allow further growth and opportunities for the protocol and **CVX** holders. 

[Frax Finance](https://frax.finance/) has adopted a similar token-locking model for it's governance token, **FXS**. Convex Finance has expanded to optimize opportunities for liquidity providers on Frax the same way it has done so for Curve.fi LPs.

Convex used to support Frax Finance's **FPIS** token, the governance token for the **FPI** stablecoin launched by Frax. Frax [documentation](https://docs.frax.finance/frax-price-index/overview-cpi-peg-and-mechanics) explains the mechanisms behind the **FPI** stablecoin and the **FPIS** governance token in more detail. However, Frax has voted to merge **FXS** with **FPIS** governance tokens, and Convex has since sunsetted **cvxFPIS** and will be converting its **FPIS** to **veFXS**. **Convex Finance will support the migration of both FPIS and cvxFPIS to cvxFXS at a 3 to 1 ratio**. See more details about this in the [FPIS to FXS Migration section](https://docs.convexfinance.com/convexfinance/general-information/convex-for-frax-finance/fpis-to-fxs-migration).