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FarmerTuHao - WILL NOT DM YOU FIRST-

Hey guys, tried asking on Discord but I still havent

get an answer so I'm gonna try here haha.

For the Curve AMO, i would just like to check if my understanding is correct with regards to how it operates

1. FRAX goes above 1 dollar
2. FRAX collateral ratio decrease
3. There is idle USDC now
4. Curve AMO takes the idle USDC and deposits into the Frax-3pool on Curve
5. USDC thats providing liquidity is used as collateral to mint FRAX by Curve AMO
6. Curve AMO then deposits the minted FRAX into the Frax- 3pool

Is this correct? Thanks!

#cryptocurrency #english #frax
0

1 ответов

13 просмотров
Andy - IQ & Frax Finance 🧠-(Slow Replies @ T2049)

Replied to you on DC, friendly reminder that we get a lot of questions/inquiries so it may take some time to reply to you. Rest assured, we will reply ◡̈

0
15.06.2022

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