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Alex-C

Is it right that.. 15% of reserves are in FXS

($2.9b * .15 = ~$435m). If yes, have 2 questions. 1/ Is that FXS deployed, and if yeah - is there a place I can see where? 2/ Can someone help me understand the mechanics of how the 15% is maintained? As FXS price goes up, is treasury FXS burned? Held? Thank you!

#cryptocurrency #english #frax
0

2 ответов

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Seba-TLDR

you can think of it like this, if there is no other place (uniwsap, curve, …) where you can sell frax for $1, then the protocol will give you 85c in collateral (usdc) and mint .15c in fxs in exchange for that frax

0
13.03.2022

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Well clearly i don't think so?

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