What is Pitch?
Pitch is a DAO that builds governance and economic infrastructure for stablecoins and AMMs across DeFi. We have become one of the biggest liquidity incentive platforms since our February 2022 debut, processing millions of dollars of rewards for the FXS and CRV ecosystems.
Pitch is one of the leading governance marketplaces in decentralized finance, processing millions of dollars of vote-incentives for token holders. Its vote lending service will provide price discovery mechanisms around the precise value of governance rights within crypto assets.
What is Pitch FXS?
Staking follows a simple workflow integrated into the Governance Console:
- Users stake their FXS on the governance console, which is permanently locked and exchanged at a 1:1 ratio for pitchFXS
- Then, as with existing vote-escrowed tokens, users can use pitchFXS to participate in governance
- pitchFXS holders can also delegate their voting power to Pitch, and automatically redeem and stake their rewards as pitchFXS.
- Users can exit the token at any point through the pitchFXS/Frax liquidity pair on FraxSwap
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.