The Frax Share (FXS) Token Reactor is now live for deposits. You may begin depositing FXS and earn TOKE on tokemak.xyz
tAsset Reminder
All Token Reactor deposits give you 1:1 tABC assets that are a claim on the underlying deposited assets. If you deposit 10 FXS, you will receive 10 tFXS tokens. Please keep in mind you’ll need these tAssets to withdraw your deposited assets. Additionally, the wallet that holds the tAssets will be the wallet to which TOKE rewards accrue.
While deposits are now live, active liquidity deployment is not — meaning your FXS tokens are not being utilized as liquidity just yet. Tokemak’s active liquidity deployment will begin soon, so stay tuned for more information as we approach that phase.
Cycles Reminder
Tokemak operates on Cycles. These Cycles are currently set to ~24 hours (daily), with weekly claimable TOKE rewards. When liquidity deployment goes live late Q4, a Cycle will be set to a weeks time, with TOKE still claimable weekly.
If you deposit assets into a Token Reactor, you won’t begin to accrue TOKE rewards until the start of the next Cycle, so be sure to get your FXS deposited before the start of the next Cycle (indicated on the front page of the UI). Additionally, if you request to withdraw your assets, you won’t be able to fully withdraw them until the start of the next Cycle.
Thanks to the Frax Finance community for voting to pass the governance proposal! (See snapshot/proposal here.)
Once we have SUSHI’s Reactor live, we’ll be hosting an AMA with a few team members from Alchemix, Frax, Olympus, Tracer, and Sushi — so stay tuned for more info on that.
A C.o.R.E.2. reminder: C.o.R.E.2. is coming in November. If you keep your TOKE, Sushi LP, or Uni LP staked as they are in the current pools, when C.o.R.E.2. begins you will receive a bonus voting purse equivalent to the purse you had at the end of the first C.o.R.E.
Discord: https://discord.com/invite/Z5f92tfzh4
Website: https://www.tokemak.xyz/
Medium: https://medium.com/tokemak
Twitter: https://twitter.com/tokenreactor
