Hi Guys, I am trying to understand Frax for my

Question

Hi Guys, I am trying to understand Frax for my

defi project. It will be great if someone can answer this question:
To mint FRAX, FXS needs to be bought from the open market and submitted to the protocol for burning. Where is the FSX supply in open market coming from? Specially during the initial days when FSX was not so popular.

#cryptocurrency #english #frax

0

14.04.2022

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Aditya Автор вопроса

thank you. Was the supply put on uniswap for anyone to buy?

0

14.04.2022

Dantes Stan (¤³ ¤³) DON'T PM FOR ETH/$$

Aditya
thank you. Was the supply put on uniswap for anyon...

There was a private sale, so early members got the token through private sale and after the protocol launch, they were able to trade their FXS on uniswap. You can check here for FXS distribution https://docs.frax.finance/token-distribution/frax-share-fxs-distribution

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14.04.2022

Aditya Автор вопроса

Dantes Stan (¤³ ¤³) DON'T PM FOR ETH/$$
There was a private sale, so early members got the...

Thank you so much

0

14.04.2022

Dantes Stan (¤³ ¤³) DON'T PM FOR ETH/$$ · Accepted Answer

Dantes Stan (¤³ ¤³) DON'T PM FOR ETH/$$

There was 100m FXS Genesis supply

0

14.04.2022

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Hi Guys, I am trying to understand Frax for my

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