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". 📈

~~~~

Subscribe to the Flywheel mailing list: https://flywheeldefi.com

~~~~

Have ETH but don't know what to do with it? Swap it to FrxETH for the highest staking yields in crypto.

https://app.frax.finance/frxeth/mint

~~~~

Want to up your IQ 🧠 Learn about Brain DAO: https://iq.braindao.org/dashboard

~~~~

Ready to build? Take part in the Frax, Flywheel, & Dorahacks hackathon. Enter today: https://flywheeldefi.com/p/fraxbuild-hackathon-launches-here

~~~~

Calling all threadoors, researchers, and dashboard creators 📢 Earn rewards for your original Frax content. Learn more: https://flywheeldefi.com/p/announcing-the-frax-educational-incentives

~~~~

Follow Flywheel

Twitter: https://twitter.com/FlywheelDeFi

Telegram: https://t.me/FlywheelDeFi

YouTube: @flywheeldefi

Spotify: https://open.spotify.com/show/34xXNO2...

Apple Podcasts: https://podcasts.apple.com/us/podcast...

~~~~

Connect

DeFi Dave: https://twitter.com/defidave22

Kiet: https://twitter.com/0xkapital_k

Sam: https://twitter.com/traders_insight

~~~~

Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Timeline