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Deon 🍄-

Is it due to extra minting of Fxs to keep

frax in peg ?

If so.. What's stopping fxs from going over 100 mil 🤔🤔

#cryptocurrency #english #frax
0

3 ответов

23 просмотра
4 years locked.-veMAXI (as a millionaire)

we voted to mint more FXS last year, the total supply is controlled and we aim to cap it at 100m , i think it has gone slightly over 100m once in the very early days. the system has been changed now so FXS minting is far less common.

0
12.06.2022
Deon 🍄- Автор вопроса
4 years locked. veMAXI (as a millionaire)
we voted to mint more FXS last year, the total sup...

I want to make sure my understanding is right.. Suppose 100 million frax is minted .. At a collateralization ratio of 90% 10 million fxs needs to be burned right ?

0
12.06.2022

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