Could someone explain this tweet? Trying to understand it a

Question

Frax Finance

Chriz

Could someone explain this tweet? Trying to understand it a

little more in-depth:
https://twitter.com/rewkang/status/1456081066209398791?s=21

#cryptocurrency #english #frax

0

04.11.2021

4 ответов

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Chriz Автор вопроса

The frax supplied to templeDAO is new issuance instead of current floating frax? And because it’s new issuance there is market buying of fxs to burn during mint? And is frax protocol doing the issuance or is templeDAO minting? Is this visible on any of the dashboards?

0

04.11.2021

Chriz Автор вопроса

Joseph Westermire
The net effect to mkt cap will be visible on app.f...

i guess so, just kind of confused whats going on because as a user if i go on the mint frax tab the function is disabled because frax price is currently too low

0

04.11.2021

A T.

Chriz
i guess so, just kind of confused whats going on b...

for templeDAO u can just buy FRAX from market

0

04.11.2021

Joseph Westermire · Accepted Answer

Joseph Westermire

Chriz
The frax supplied to templeDAO is new issuance ins...

The net effect to mkt cap will be visible on app.frax.finance dashboard right?

0

04.11.2021

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Could someone explain this tweet? Trying to understand it a

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