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Gid-

Will FRAX ever move towards a 100% backing ratio in

the face of the current scrutiny we are seeing over Algo stablecoins? Am I right to say that such a nightmare scenario will kill off FXS?

#cryptocurrency #english #frax
0

5 ответов

9 просмотров
Deon 🍄-

Fxs still will accrue value with other revenue sources

0
25.05.2022
Andy - IQ & Frax Finance 🧠-(Slow Replies @ T2049)

There are discussions over it and a governance vote will need to pass for it to be implemented. It wont kill off FXS because it will still work the same way as it works now, any and all AMO profits above the CR that comes into the protocol goes to veFXS holders and/or burns. The only difference is now the CR will be higher.

0
25.05.2022
Kevin-Glunt

FRAX can't depeg. We're safe here.

0
25.05.2022
Gid- Автор вопроса
Kevin Glunt
FRAX can't depeg. We're safe here.

was more of asking if we'll ever move towards a fully backed model in light of the potential regulations against algo stables (whether partial or not)

0
25.05.2022
Kevin-Glunt
Gid
was more of asking if we'll ever move towards a fu...

A nightmare scenario can't play out at the current CR. Increasing it doesn't make it safer but may make some uneducated investors feel better.

0
25.05.2022

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