emissions.
Circulating supply can fluctuate every day. The roughy calculation is “change in circ supply = emissions + net change in locks/unlocks + net change in FXS due to FRAX minting and burning”
That sound right?
Yes, circulating supply fluctuates daily from the FXS emission
Are there any other factors to consider other than emissions, unlocks and minting/burning frax
There are a lot of FXS that are locked on veFXS, FXS/FRAX and some pools.
Ah LP pools is a good one. I forgot about that. veFXS is what I was referring to with “unlocks.”
That is in theory , as protocol constantly buy back $FXS, as soon as $FXS in supply > 100mil, veFXS will vote to burn for sure.
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