FAQ
What’s the difference between locked FSX and veFSX?
veFSX is a new version of fixed-term FSX staking with more benefits and power for locked FSX holders. Including gauge weight voting, extra incentives, yield boosting, and more.
What happens to FSX pool rewards when the new veFSX is deployed
FSX pool reward emissions will be diverted to reward all veFSX holders according to their veFSX balance against the total supply.
FSX rewards and the weekly revenue-sharing rewards can now be claimed weekly on Thursday.
Please note that to continue receiving rewards, users will need to migrate to the new veFSX staking.
What is the maximum duration I can lock my FSX
The maximum duration you can lock your FSX has now been extended to 4 years.
Is veFSX a new token? Can it be transferred?
veFSX is a live-generated number based on the number of FSX locked and the remaining lock time. It is not a standard token and can not be transferred.
Why did my veFSX balance change? How to calculate its balance?
veFSX balance is linearly decreasing to 0 based on the remaining lock duration. Therefore when we are approaching the unlock time, your balance decreases.
veFSX balance can be calculated by:
Once you have an active veFSX position, you can either add more FSX or renew/extend your lock duration to boost your veFSX balance.
What happens when the position unlocks? Can I renew rightaway?
When the veFSX staking position is unlocked, you may withdraw all the staked FSX.
To renew your position, you need to withdraw all the FSX and set up a new staking position by choosing the amount to lock and the lock duration.
I locked for 1 week, why the remaining lock time is less than 1 week?
When you lock with the new veFSX, the unlock time is being rounded forward to the nearest Thursday with UTC time. For example, when you lock for 1 week on Tuesday, your actual unlock time will be the upcoming Thursday, which is 2 days later.
You can preview your actual unlock time at the bottom.
Can I lock more FSX in FSX pool?
No.
Once veFSX is deployed, the FSX staking pool will be deprecated and no longer accepts any further FSX extension or deposits.
To lock FSX and enjoy its benefits, go to the veFSX page.
Why can’t I migrate?
Migrating from FSX pool to veFSX requires you to have an active position. If your FSX pool staking position is already unlocked, simply withdraw those FSX and create a native veFSX staking position.
In some cases, migration can not be performed when your remaining FSX pool lock time is less than 7 days. In such case, simply wait for the unlock, withdraw those FSX and create a native veFSX staking position.
Can I early withdraw my locked FSX?
yes.
You can early withdraw your locked FSX with a certain amount of penalty.
Can I partially migrate my FSX?
No.
You can only migrate your entire FSX pool position at once.
Can multisig wallets be used for interacting with veFSX?
Yes
However, there was a noContract modifier implemented in the veFSX staking contract for addresses that are not whitelisted. To enable staking or migrating from fixed-term FSX staking pool. All contract-based multisig wallets must perform a one-time, self-whitelisting action.
To whitelist, visit either of the following pages:
A prompt should appear. Click "Whitelist" and proceed with the tx in your multisig wallet.
A tx will be fired to the owner of the veFSX, which is a contract with a permission-less write function to allow any contract to perform self-whitelisting.
If the prompt doesn't appear, follow this instruction to execute the tx:
Why there are multiple APRs?
Locking FSX to get veFSX provides a number of great benefits around the suite of products built by FusionX. Benefits and incentives come in different forms and from different sources. Therefore, there are multiple APRs.
You can earn all of them concurrently therefore the combined APR will be the sum of all the APRs.
What is veFSX Pool APR?
This is the incentive coming from FSX emissions, with its rate controlled by the veFSX Pool voting gauge.
What is Revenue Sharing APR?
This is the incentive coming from protocol revenue sharing, coming from swap fees collected in DEX products.
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