You are probably seeing rKP3R rewards this is one of the reward tokens that you can earn from vesting or deploying fixed Forex stablecoins.
rKP3R can be converted to oKP3R which gives a 24hr window to purchase new KP3R at 10% discount with USDC as the payment option. Therefore rKP3R always has an approx value of 10% of the market price of KP3R.
You can read more about that process here:
Original article ( Keep3r Redeemable KP3R (rKP3R). Redeemable KP3R, or rKP3R, is wrapped… | by Andre Cronje | Medium) - please note discount rate changed to 10% on Nov 21 following governance vote
Unofficial guide ( KP3R FAQ (unofficial). Updated on Feb 24, 2022, UTC | by 0xSato | Medium)
I work for OlympusDAO and we’re setting up an allocator contract for our KP3R holdings. The plan would be to deposit KP3R for vKP3R in the voting escrow contract here (Vyper_contract | Address 0x2FC52C61fB0C03489649311989CE2689D93dC1a2 | Etherscan), collect rKP3R rewards, and exercise the oKP3R options. The problem we’re running into is that the voting escrow contract has a smart contract checker method, but the checker contract has not been initialized (right now set to zero address). Would it be possible to have one set up so that when we’re ready to deploy we can get our allocator whitelisted? As it stands we’re dead in the water since a contract can’t interact with the voting escrow contract otherwise. Here’s veFXS’s smart contract checker for example: SmartWalletWhitelist | Address 0x53c13BA8834a1567474b19822aAD85c6F90D9f9F | Etherscan
Another problem you’d face with this strategy is that vKP3R isn’t currently rewarded with rKP3R. So something to bear in mind
what’s the reward structure for vKP3R right now then? And what is rewarded with rKP3R?
right now, vKP3R receives ibEUR as share of fees every other week, next is due Thursday. rKP3R doesn’t generate rewards but instead allows a 10% discount on purchasing KP3R in exchange for USDC
All contract info is included in docs
$ibEUR and maybe rKP3R later. Check out the APR
Hi, my vested KP3R lock expired, but when I hit the Withdraw button, I get an error message window:
“Error: Please pass numbers as strings or BN objects to avoid precision errors.”
Is there a way I can bypass or fix this? Thanks.
Hi, this issue resolved after waiting a day. Able to withdraw with no problem now, thanks.
Curious if we will ever receive communication from the team again? It seems like any updates regarding Fixed Forex have ceased.
Question: How often does fixedforex swap contract get topped up with MiM? As this seems to be the only way to trade ib tokens it’s quite important? The contract is now empty.