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Why Pirex is exciting for $BTRFLY holders

Author: Magnus#3558

Let’s take a step back:

Normally, $CVX must be locked as $vlCVX to participate in the voting process.

A 17-week lock is a long ass time - although its the most efficient way to accrue Curve voting capacity...

So how are we making this better with Pirex?

In short, Pirex offers flexibility and optionality for your CVX Tokens, powered by Redacted.

You can visit https://pirex.io to learn more, but here’s the simplest way to understand

• Wrap your $CVX for $pCVX
• Every wrapped unit of pCVX will be airdropped a BFN (Bribe Futures Note).
• 1 BFN = 1 vlCVX

As a BFN holder you’ll have the ability to speculate on future yield pricing for each vlCVX that will receive in bribes.

You can effectively get 17 weeks worth of bribes upfront instead of accumulating it over the course of 17 weeks from Convex.

It’s all about the flexibility!