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
FXSDepositor: 0xdfa1F69774ad2924Cebd43d75AaDfb92403C5335
Last updated