Team, what is the process for deployment of the $50-100m

Question

Team, what is the process for deployment of the $50-100m

to the Tokemak $FRAX reactor? Would love to see Frax be the first to fill theirs and think there are advantages to doing so. @samkazemian @FortisFortuna_89 @justnow09

#cryptocurrency #english #frax

0

09.01.2022

6 ответов

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4 years locked. veMAXI (as a millionaire)

Seba TLDR
i think these minting wont work like a lending amo...

step 1, mint $100m, step 2, CR drops 5% . done :)

0

10.01.2022

DS Автор вопроса

Seba TLDR
i think these minting wont work like a lending amo...

Would be helpful if someone from the team could outline how it will work. I thought the lending AMO could do this without collateral in some instances.

0

10.01.2022

Sam Kazemian ¤⛓️¤

Seba TLDR
i think these minting wont work like a lending amo...

Tokemak reactors are guaranteed IL protection & you are also guaranteed to be able to withdraw the amount of a token you deposit into a reactor since liquidity directors (TOKE stakers) bear the risk and also earn any profits. So if you take that at face value, then FRAX is entirely backed by IL protection and $1 of value of the opposing liquidity pair wherever it is deployed.

0

10.01.2022

Seba TLDR

Sam Kazemian ¤⛓️¤
Tokemak reactors are guaranteed IL protection & yo...

makes sense, i’ll see if i can find a counter argument or a fineprint

0

10.01.2022

DS Автор вопроса

Sam Kazemian ¤⛓️¤
Tokemak reactors are guaranteed IL protection & yo...

Yep. I've asked in their Discord and should ask again, but there have to be guardrails in place here so there aren't runs on base pairs.

0

10.01.2022

Seba TLDR · Accepted Answer

Seba TLDR

i think these minting wont work like a lending amo, because there is no collateral backing it, so my guess is that first step is to define how it will be collateralized

0

10.01.2022

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Team, what is the process for deployment of the $50-100m

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