Value DeFi x Frax Finance

Value Prod

Published in

ValueDeFi

2 min readApr 9, 2021

vBSWAP holders, we are extremely pleased to share with you our next vStake Pool in partnership with Frax Finance.

vStake Pool:

Stake vBSWAP tokens, to earn FXS tokens!

Total Tokens: 7500 FXS
Distribution duration: 28 days
Start block: https://bscscan.com/block/countdown/6466000 (April 11th 05AM UTC)
Finish block: https://bscscan.com/block/countdown/7216000 (May 07th 10AM UTC)
Token rewards per block: 0.01 FXS

vFarm Pool:

In order to get FXS to vStake pool, Frax Finance wants to utilize ValueDeFi vPegSwap technology by creating FRAX/vDOLLAR meta pool that will have x0.2 vBSWAP rewards for 28 days with possible extension by voting at a later stage.

vGovernance Vote:

As adding FRAX/vDOLLAR pool will dilute rewards of other pools, the decision will be made by Value Community via voting.

Vote here: https://snapshot.valuedefi.io/#/gvvalue.eth/proposal/QmbubNJE3GBjhRJs1ksfLVHRRmAY2hyyY1Ct2u78pWR2Qr

About Frax Finance

Frax is the first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain — currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.

Frax is a new paradigm in stablecoin design. It brings together familiar concepts into a never before seen protocol: Fractional-Algorithmic, Decentralized & Governance-minimized, Fully on-chain oracles, two tokens, Swap-based Monetary Policy

More about Frax Finance

Website | Docs | Telegram | Twitter | Github

About Value DeFi:

The Value DeFi platform is a suite of products that aim to bring fairness, true value, and innovation to Decentralized Finance. Their flagship products include vSwap, an automated market-maker built on Ethereum and Binance Smart Chain that allows anyone to create trading pools with flexible ratio pairs, add liquidity, and earn trading fees, and vSafe, state-of-the-art multi-strategy yield-optimizers that allow unprecedented composability and flexibility of LP assets to maximize returns.