Hey all- seems like FXS is way way undervalued here.

Question

Hey all- seems like FXS is way way undervalued here.

What’s the cause of the price weakness on the token rn? Just trying to understand. New FXS holder here looking to stay with this project, earn some yield, etc.... any explanations or suggestions about current status?

#cryptocurrency #english #frax

0

19.05.2022

4 ответов

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Brazy

Panic across whole market, combined with Luna collapse causing everyone to be cautious about algostable coins. However, most people don't understand how Frax works, or that is not at risk of a depeg.

0

19.05.2022

hlniv 🍏 Автор вопроса

4 years locked. veMAXI (as a millionaire)
the worlds biggest algo stable coin just imploded,...

So, neg pa is just a function of big whale sells? Is there anything that the protocol is doing to mint/burn FXS in an unusal way. I noticed a bunch of FRAX market cap got shifted to USDC from USDT, FRAX lately. And obviously UST drama of course. Just wondering if the frax finance mint/burn mechanism is contributing in any way? Are we selling FXS to support FRAX?

0

20.05.2022

4 years locked. veMAXI (as a millionaire)

hlniv 🍏
So, neg pa is just a function of big whale sells? ...

the system is working as expected with nothing abnormal to report. FXS minting and burning is part of that system but it plays a much smaller roll now the AMO's do the bulk of the work

0

20.05.2022

4 years locked. veMAXI (as a millionaire) · Accepted Answer

4 years locked. veMAXI (as a millionaire)

the worlds biggest algo stable coin just imploded, we has a working relationship with them, we are also a algo stable coin, so people are panic selling

0

19.05.2022

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Hey all- seems like FXS is way way undervalued here.

4 ответов

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