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Question

Frax Finance

0xHamZ jarome

Https://Twitter.Com/0xhamz/Status/1533819827525038080?S=21&T=AwVgd5XMArzgrnAcxKYNXA

#cryptocurrency #english #frax

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06.06.2022

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0xHamZ jarome Автор вопроса

DS
Can you provide some examples of how this would wo...

FRAX would co-exist along w/ stFRAX —- the reason to own FRAX is to get access to stFRAX which recycles protocol earnings into stFRAX for a yield

0

06.06.2022

DS

0xHamZ jarome
FRAX would co-exist along w/ stFRAX —- the reason ...

forgive my naivete, but how does this work exactly? I'm a borrower that wants to borrow $10m frax and am willing to pay 10%. that frax is coming from someone who put their stFRAX into a vault, which means the underlying collateral (say USDC) is locked up for a certain period, and thus it's safe for the protocol to lend it out? who underwrites this creditworthiness?

0

06.06.2022

DS · Accepted Answer

DS

Can you provide some examples of how this would work, for both depositor and borrower? I have a number of questions, but an not sure I fully understand how this would work in reality. Is everything denominated in FRAX? The reality is that most end-borrowers would want USDC most likely, no?

0

06.06.2022

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