This week could be a game-changer for Frax, yet the buzz is oddly quiet. With Convex Finance and Prisma Finance on board, we’re peeling back the layers of an innovative DeFi strategy that could shake the foundations of digital finance. 🤯
💥 Highlights:
Prisma Finance’s launch and its rapid TVL growth
Convex’s strategy on Prisma token locks
The “droplock” tactic & its implications on DeFi governance
Frax’s strategic position with locked CVX and voting power
🔍 In this deep dive, we explore how these maneuvers benefit Frax, potentially boosting sfrxETH vault APYs, impacting mkUSD supply, and influencing Curve pool dynamics. It’s not just a financial play; it’s a governance power move that could lead to the so-called “Prisma Wars”. 📈
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