# PitchFXS

Hourglass was originally launched in early 2022 as Pitch, a protocol which specialized in programmable infrastructure for time-locked governance tokens. While this vision has now expanded general time-bound, semi-fungible tokens, you can find documentation on all governance-specific products here.

## Tokenomics

pitchFXS aims to be Frax’s deepest on- and off-ramp for liquid governance. pitchFXS is a liquid wrapper for locked veFXS positions to retain governance power. Staking pitchFXS entitles holders with:

* Automatic participation in Frax governance rewards including vote delegation on Snapshot
* Native veFXS yield, which is distributed via periodic airdrops
* Programmability, including the potential to borrow and lend against the ERC-20 token

### Contract Addresses

VoterProxy: [0x78ec75e69A5f2150c1095E5FEffc1Fe17362aCC0](https://etherscan.io/address/0x78ec75e69A5f2150c1095E5FEffc1Fe17362aCC0)

FXSDepositor: [0xdfa1F69774ad2924Cebd43d75AaDfb92403C5335](https://etherscan.io/address/0xdfa1F69774ad2924Cebd43d75AaDfb92403C5335)

PitchFXS: [0x11EBe21e9d7BF541A18e1E3aC94939018Ce88F0b](https://etherscan.io/address/0x11EBe21e9d7BF541A18e1E3aC94939018Ce88F0b)


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