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Maybe a stupid question, but what's the point of frax

if it's for the most part wrapped usdc?
Whats the advantage of it over usdc

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Since the crash, a few members had proposed to take the CR to 100% as it gave more safety, which is why they proposed this idea however its still in the discussion period on our community site here: https://gov.frax.finance/c/governance-proposals/5

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