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Deon 🍄-

Can someone educate me like I'm 5 on how new

incoming frax basepools in curve increase frax mints ?

Who is going to deposit collateral and mint frax ?

#cryptocurrency #english #frax
0

3 ответов

13 просмотров
4 years locked.-veMAXI (as a millionaire)

lets say you have $100 in USDC. and i say that you can turn that in to more then $100 if you stake it in a new curve pool... as you deposit your $100 USDC the pool AMO can mint $100 in FRAX to balance the pool. The new minted 100 FRAX is now backed by your $100 USDC.

0
03.06.2022
Deon 🍄- Автор вопроса
4 years locked. veMAXI (as a millionaire)
lets say you have $100 in USDC. and i say that yo...

Isn't there already existing pools for usdc to earn yield ? Or we offering higher yields via acquiring more veCrv and voting it for our own pool ?

0
03.06.2022
4 years locked.-veMAXI (as a millionaire)
Deon 🍄
Isn't there already existing pools for usdc to ear...

there are other pools, but FRAX will switch its voting power and bribes to vote for the pool that is most inline with its objectives.

0
03.06.2022

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