ConvexFinance
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    • 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
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      • Vote Locking
      • Vote Delegation
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      • Staking Curve LP Tokens
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  1. General Information
  2. Convex for Frax Finance

Voting and Gauge Weights

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Last updated 8 months ago

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vlCVX holders will collect 5% of all FXS emissions from pools staked on Convex, paid out as FXS.

Frax governance proposals (veFXS) are available for vlCVX holders to vote on. Voting will take place on . Governance proposals are weighted respectively by their vlCVX vote outcome. Thus if 60% of vlCVX votes for YES and 40% for NO, Convex will submit a vote for 60% YES and 40% NO.

For gauge-weight votes, Convex may allocate up to 20% the protocol’s veFXS for strategic reasons such as optimizing liquidity or FXS rewards for vlCVX holders and LPs.

The remaining veFXS weight will be distributed proportionally according to the bi-weekly vlCVX gauge votes on pools that are on both Curve and Frax eg. Frax metapools.

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