Hey guys! glad to be here! I find Frax to

Question

Hey guys! glad to be here! I find Frax to

be highly innovative and I'm reading up about how it works. the AMO part really caught me dumbfounded haha. with that, I have a few questions:

1. If lets say it is possible to mint now, is USDC the only stablecoin that can be used to mint $FRAX?

2. I understand that AMO utilizes idle collateral to generate profits. When they say idle, does it refer to a portion of the USDC thats part of the 89.50% collateral? or does it refer to the USDC that was originally deposited as collateral when the CR was higher, but because $FRAX decollateralises, the USDC that was previously collateral isnt utilized as collateral anymore?

3. For the Curve AMO, the docs says that "Decollateralize - Places idle collateral and newly minted FRAX into the FRAX3CRV pool" who mints the FRAX as pointed out here?

#cryptocurrency #english #frax

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13.06.2022