FIP 43 - Curvance Partnership+Seed Round

Updated with the new tokenomics

Frax was proposed to participate alongside other major protocols in the Curvance seed round. This is a very important opportunity for the protocol and for FXS holders. The CVE tokens would go in the protocol balance sheet together with OHM, CVX, ETC ... The investment required is very low, 250,000 $ for the entire allocation.

Here are some data:

$ 250,000 allocation for FRAX Protocol $ $0.1619 / CVE $ 2.9M Circ. Market Cap On Day 1 $ 68M Fully Diluted Value Investment paid for in AMO Profits (approximately 12 hours of protocol proft) 1 Year Vest with quarterly cliffs, 10% unlock at TGE

Background Curvance is a decentralized stablecoin lending protocol with an initial focus on wrapped tokens from the Curve, Convex, Yearn, and Badger ecosystems. Curvance team has previously discussed long term strategic partnerships with FRAX and we plan to build a Curvance Lending AMO to directly mint them FRAX expansions (pending future governance vote approval).

More Info Website: https://curvance.com/ 11 Twitter: https://twitter.com/Curvance 2 Telegram: Telegram: Contact @curvance 2 Discord: Curvance 1 Docs: Curvance: Wrapped Token Lending Protocol - Curvance 1

For: Participate in the Curvance seed round for the maximum allocation of $ 250,000 Against: Do nothing