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
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  • cvxFPIS is tokenized veFPIS
  • cvxFPIS Staking

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  1. General Information
  2. Convex for Frax Finance

Understanding cvxFPIS

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Last updated 9 months ago

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cvxFPIS - Convex-locked FPIS

cvxFPIS is tokenized veFPIS

  • If a user deposits FPIS into Convex, that FPIS is locked forever on the platform as veFPIS.

  • A tokenized version of veFPIS, cvxFPIS, is returned to the user at a 1:1 rate.

  • cvxFPIS conversion is 1-way. Liquidity pools may exist that allow users to swap cvxFPIS for FPIS tokens.

cvxFPIS Staking

  • cvxFPIS can be staked on Convex to receive fees one would get for staking their veFPIS on Frax, as FPIS.

  • Additionally, users staking cvxFPIS may receive the platform native token CVX.

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