# Daily notes about FXS

**Published by:** [6969696](https://paragraph.com/@lookingfornextgem/)
**Published on:** 2022-04-29
**URL:** https://paragraph.com/@lookingfornextgem/daily-notes-about-fxs

## Content

Figure 1 illustrates that the change of veFXS from june 2021 to April 2022. Just pick up the time from March 2022 to April 2022, It is clear that the veFXS which is locked by 3-4 years hasn’t changed a little at all. Besides, the total locked veFXS hasn’t changed too although the price of veFXS bounced recently. It may shows that the holders look for higher sell price. In other words, Consensus on FXS seems strong for this period. Figure 1 : veFxs From figure 2, it is obvious that protocol keeps buying back FXS but didn’t burn a lot in the period between October 2021 and April 2022. It seems that protocol has started to use a new model to keep the constant supply of FXS. Fortunately, the supply is more stale than before. Also, the supply keeps going down form March 2022 to April 2022. This seems like a flywheel when the price of FXS go up, then the supply goes down. Figure 2 :Burn/Buyback Figure 4 below shows the change of treasure. The dominance of CVX is pretty evident compared to other property. Also, this dominance is increasing in this year. From figure 3, which implicates the coordination between CVX and FXS, shows they have strong price connection from November 2021 to present, and it even goes stronger by days. However, the data is poor to predict the price afterwards. Hence, it is necessary to make further research about these two properties. Figure 3: FXS/CVX Figure 4 : FXS Treasure Data come from here: https://dune.com/0xouija/0xOuija Momid777/ 6969696.eth a mfer community member

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