No not at all. It's not the same thing. FRAX is almost entirely collateralized.
hi how to bridge frax from arbitrum to eth ? why official arbitrum bridge doesnt recognize frax token ?
You can convert it to anyFRAX on the FRAX cross-chain then use anyswap/multichain to bridge to ETH https://app.frax.finance/crosschain https://anyswap.exchange/
So if FRAX is now going to be almost 100% collateralized, what is the point of FXS? Just governance?
Yeah and it will still accrue the revenue from the protocol
I've got a better idea to keep the seniorage model working AND allowing redemption at 100% collateralization
Awesome ◡̈ Really appreciate the community's feedback/ideas!
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