CVXFPIS-Convex FPISDetailed Description

CVXFPIS-Convex FPIS Detailed Description

cvxFPIS is a tokenized veFPIS. If a user deposits FPIS into Convex, that FPIS will be permanently locked on the platform as veFPIS. Tokenized veFPIS, cvxFPIS, is returned to users at a 1:1 ratio. cvxFPIS conversion is unidirectional. There may be liquidity pools that allow users to exchange cvxFPIS and FPIS tokens.
It is possible to stake cvxFPIS on Convex to get the fee earned when staking its veFPIS on Frax, as FPIS. In addition, users who stake cvxFPIS may receive the platform's native token CVX.