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Liquidity-King

If USDT breaks peg, does that mean FRAX breaks too?

#cryptocurrency #english #frax
0

5 ответов

9 просмотров
Sam-Kazemian ¤⛓️¤

No but it would definitely be bad for Curve 3Pool and also for FRAX. We will absorb the shock. But it would be bad for the entire crypto space overall.

0
11.05.2022
Liquidity-King Автор вопроса
Sam Kazemian ¤⛓️¤
No but it would definitely be bad for Curve 3Pool ...

okay the FXS coin might absorb the shock?

0
11.05.2022
Sam-Kazemian ¤⛓️¤

Yes and there is enough locked liquidity and demand for it to not have anything like LUNA happen. But USDT actually breaking the peg will be very unlikely. 3Pool depends a lot on that.

0
11.05.2022
Dave-Levine
Sam Kazemian ¤⛓️¤
Yes and there is enough locked liquidity and deman...

3pool is 80% usdt. Isn’t that a huge hole to fill? Is usdt already broken?

0
11.05.2022
Dave-Levine
Dave Levine
3pool is 80% usdt. Isn’t that a huge hole to fill?...

Price on uniswap seems ok though, but once curve is empty, then come the dex’s?

0
11.05.2022

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