Hey @samkazemian is there any preeliminary plan/proposal of how will

Question

Frax Finance

Seba TLDR

Hey @samkazemian is there any preeliminary plan/proposal of how will

the 4pool amo work (how will ust back frax)? it really concerns me to back an algo-stable with another algo-stable

#cryptocurrency #english #frax

0

03.04.2022

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Seba TLDR Автор вопроса

Sam Kazemian ¤⛓️¤
This is a good question, ya there's multiple ways ...

glad to hear that, may require some smart redesigns, but good to know we are prob gonna factor that ust is partially backed

0

03.04.2022

Sam Kazemian ¤⛓️¤

Seba TLDR
glad to hear that, may require some smart redesign...

We're committed to making sure the risk is manageable and properly being accounted for with any kind of collateral and any AMO design we have 🙂

0

03.04.2022

TQT hot

Sam Kazemian ¤⛓️¤
This is a good question, ya there's multiple ways ...

How would you manage this once UST enables BTC redemptions? Btc collateral % fluctuates

0

03.04.2022

0xHamZ jarome

Sam Kazemian ¤⛓️¤
This is a good question, ya there's multiple ways ...

I think we should consider the protocol to take out tail insurance on UST via unslashed or another means

0

03.04.2022

Sam Kazemian ¤⛓️¤ · Accepted Answer

This is a good question, ya there's multiple ways in which we need to figure out how to calculate FRAX's collateral ratio based on the amount of UST that FRAX is exposed to. For example: let's say that UST is backed 30% by BTC and 70% algorithmic. If FRAX has 10% backing in UST, we could program the AMO to only return the collateral_value of the BTC underlying the UST. So that means if 10% of FRAX supply is backed by UST, the AMOs and the protocol just counts it as only 3%.

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