2,160 $sdFXN minted last week. Stake DAO now controls ~37.9k $FXN locked (7.6% of total veFXN supply).
How it works:
- Stake DAO votes with this veFXN
- $sdFXN stakers earn protocol fees + vote incentives from $FX
Deposit $FXN → get $sdFXN (1:1)
Risk: One-way conversion. No redemption. Secondary market can trade below peg.
Yield play if you believe in $FX long-term + don't need liquidity.
How it works:
- Stake DAO votes with this veFXN
- $sdFXN stakers earn protocol fees + vote incentives from $FX
Deposit $FXN → get $sdFXN (1:1)
Risk: One-way conversion. No redemption. Secondary market can trade below peg.
Yield play if you believe in $FX long-term + don't need liquidity.
