ConvexFinance
  • Welcome to Convex Finance
  • General Information
    • Convex for Curve.fi
      • Convex for CRV Stakers
      • Convex for Curve Liquidity Providers
      • Understanding cvxCRV
      • Voting and Gauge Weights
    • Convex for Frax Finance
      • Understanding cvxFXS
      • Understanding cvxFPIS
      • FPIS to FXS Migration
      • Convex for Frax Liquidity Providers
      • Voting and Gauge Weights
    • Convex for Prisma Finance
      • Understanding cvxPRISMA
      • Convex for PRISMA Boosts
      • Emission Votes and Gauge Weights
    • Convex for FX Protocol
      • Understanding cvxFXN
      • Voting and Governance
    • Tokenomics
    • Understanding CVX
      • Vote Locking
      • Vote Delegation
  • How-To Guides
    • Using Convex Finance
      • Staking Curve LP Tokens
      • Converting CRV + staking cvxCRV
      • Staking Frax LP Tokens
      • Staking CVX
      • Vote Locking CVX
    • Claiming Rewards
    • Claiming your Airdrop
  • FAQ
    • Platform Rewards: Current vs Projected APR
    • Contract Addresses
    • Fees
    • Risks
    • Audits
    • Convex Treasury
    • Multisig Admin Rights
    • Airdrops From Other Platforms
    • Bug Bounties
    • Known Issues
  • Links
  • Convex Finance
  • Blog
  • Github
  • Twitter
  • Curve.fi
  • Integration Docs
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  1. General Information

Convex for Frax Finance

Information regarding the FRAX Finance portion of Convex

PreviousVoting and Gauge WeightsNextUnderstanding cvxFXS

Last updated 9 months ago

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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.

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 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 .

Frax Finance
documentation
FPIS to FXS Migration section