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FXS still less than 20M circ supply - is

that right ?? likely to be deflationary and should increase as demand for FRAX increases? Why is this coin not valued higher? What am i missing? FRAX demand going up right?

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the market cap of circ FXS is going up faster then the market CAP of FRAX , last month it was half the market cap of FRAX, now its 140m more the FRAX mc

its not that simple, the FRAX jump in mc was us minting more FRAX to liquidity

hlniv 🍏
will this be a regular thing ?!? lol

its something we voted for, so it depends if we vote for it again.

hlniv 🍏
will this be a regular thing ?!? lol

thats how frax v2 amos work, there was a lot of 'demand' for frax, which means it was priced over $1 and more frax was minted to stabilize its price to $1

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