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OC-

FPI should be stable right? What is the total supply

which is going to be dropped?

#cryptocurrency #english #frax
0

7 ответов

24 просмотра
Jack-Corddry

So the airdropped token will be the seigniorage token for FPI, not the stable token. It’ll be akin to receiving FXS instead of FRAX. Hopefully that clears up the questions about total value being dropped, it depends on the market value of the seigniorage token.

0
18.02.2022
Seba-TLDR
Jack Corddry
So the airdropped token will be the seigniorage to...

and any details about how sFPI tokenomics will work? is it inflationary?

0
18.02.2022
Anders (¤, veFXS)-
Jack Corddry
So the airdropped token will be the seigniorage to...

Wait.. A new seigniorage token? I remember Sam mentioning FXS will always be the only seigniorage token of Frax? Think I will just wait to the full docs are out 🙏

0
18.02.2022
Sam-Kazemian ¤⛓️¤
Anders (¤, veFXS)
Wait.. A new seigniorage token? I remember Sam men...

Just wait until we publish the docs. I know everyone is incredibly excited+interested to see how the system works. As I said before, there's never going to be a separate token where the value is entirely disjoint from FXS. The FPIS token has a mechanism that always burns/buysback a specific amount of FXS depending on the growth of the FPI stablecoin. This accomplishes 2 very specific things: 1.) critical separation of risk where the FPI peg doesn't hurt FRAX's dollar peg since FXS is used to stabilize that. 2.) FXS still accruing value at the bottom layer as FPI stablecoin supply increases.

0
18.02.2022
Anders (¤, veFXS)-
Sam Kazemian ¤⛓️¤
Just wait until we publish the docs. I know everyo...

Thanks for shedding some light on the mechanism. This launch is literally like Christmas for me 🙃🥳

0
18.02.2022

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