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With 100% CR what is the value accrual to frax

from fpi? Doesnt this just dissapear?

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Nope, every frax created to go into FPI creates a dollar of protocol owned value that fxs controls

Jefe ElJefe
Nope, every frax created to go into FPI creates a ...

Every frax created is a free dollar fxs gets to borrow from depositors, and it can go ahead and earn yield on that dollar.

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