Frax Finance Community's New Proposal Proposes to Lock All $CRV and $CVX Earned from Basepool

The Frax Finance community has released a new governance proposal that proposes to lock all $CRV and $CVX rewards earned from Frax's Basepool. In particular, all $CVX will be locked as vlCVX; at least 5% of $CRV will be locked as veCRV, and the remaining $CRV will be locked or traded as cvxCRV. The cvxCRV can be used as voting incentives and the cvxCRV not used for incentives will be staked for revenue. This is intended to reduce the sell pressure on $CRV and $CVX while continuing to provide incentives for the $FRAX pools and Basepool.