Is there anywhere that shows how much FXS is currently

Question

Frax Finance

Lordwadsworth

Is there anywhere that shows how much FXS is currently

burned?

#cryptocurrency #english #frax

0

06.04.2022

11 ответов

26 просмотров

Lordwadsworth Автор вопроса

Sam Kazemian ¤⛓️¤
app.frax.finance should show it if you go to the F...

What caused the plateau of FXS burning?

0

06.04.2022

Sam Kazemian ¤⛓️¤

Lordwadsworth
What caused the plateau of FXS burning?

I think it was just the excess collateral at the CR was used entirely so until there's more collateral that comes in at the current CR. Also keep in mind FXS price has dramatically gone up recently (over 50% past 14 days) so the same amount of collateral will only burn half the number of FXS tokens. So it might look like burning is slowing down but the value of the burn is actually the same or increasing.

0

06.04.2022

Wayne | Fuel Labs

Sam Kazemian ¤⛓️¤
I think it was just the excess collateral at the C...

Curious to hear the reasoning behind this if the protocol is in substantial profit already. :)

0

06.04.2022

Sam Kazemian ¤⛓️¤

Wayne | Fuel Labs
Curious to hear the reasoning behind this if the p...

I think it’s best to ask the community member that created that gov proposal which wasn’t the core team. I think 4 years locked proposed it. Overall I don’t think it’s a bad proposal btw.

0

06.04.2022

Wayne | Fuel Labs

Sam Kazemian ¤⛓️¤
I think it’s best to ask the community member that...

I don’t think it’s bad per day, just interested to hear the reasoning behind a non-programmatic mint to cover these expenses as opposed to the existing treasury profits. 4 years locked. Would love to understand it better 🙏

0

06.04.2022

Lordwadsworth Автор вопроса

Sam Kazemian ¤⛓️¤
I think it’s best to ask the community member that...

I agree, Frax needs marketing badly. I only say badly because not many average crypto users understand how it’s superior to the other stablecoins

0

06.04.2022

22289d Resources

How is it superior to other stablecoins?

0

06.04.2022

Wayne | Fuel Labs