What is afrxETH
afrxETH simply represents the compounding afrxETH-ETH LP in the Concentrator vault. The total amount of afrxETH-ETH LP contained in the Concentrator vault is equal to the total afrxETH-ETH balance multiplied by the current index:
afrxETH-ETH_Balance = afrxETH_Balance * Current_afrxETH_Index
Using afrxETH to represent a share of the underlying compounding afrxETH-ETH LP vault simplifies the smart contracts and is more gas efficient.
Is it safe?
The concentrator is built by the experienced and security-obsessed AladdinDAO team, and it is audited by SECBIT Labs. Check out the audit here.
How much does it cost?
Concentrator takes a standard 10% fee on yields only, during the harvest process. Concentrator’s fees are shared between CTR lockers and the Concentrator treasury. Each vault has a withdrawal fee, which is specified per-vault. Withdrawal fees are distributed to other depositors in the vault (not to token lockers or the treasury).