Hi! I have few questions about Frax’s AMOs mechanics. Would

Question

Hi! I have few questions about Frax’s AMOs mechanics. Would

be great if someone could answer and/or send a link to whatever source where I can find the answer!
1. Who creates new AMOs and controls them? As I understand it’s mostly core team (FIP-6) + community and other protocols’ initiatives?
2. Is it possible to see the full list of active AMOs and their specs (CR ratio for specific AMOs, FRAX minted for specific AMOs etc)? Especially I’m interested about AMOs for undercollateralized loans like TrueFi or Goldfinch.
3. Is it possible to see the amount of FRAX minted for specific AMO? For example, I see that $921m is allocated for Curve AMO, but I don’t understand the proportion of minted FRAX and stables from treasury in this AMO. Also I can’t understand which amount of FRAX was minted with stables from collateral and which - through AMOs.
4. Why did FRAX supply drop on may 10th? Was it due to Terra crash?
5. How did you manage situation with Terra crash? As I understand it looked like (1) you had in FRAX-UST pool, let’s say, $200m minted from AMO FRAX (100% collateralized from protocol’s perspective) + $200m UST, (2) UST-depeg started, a lot of users swapped UST to FRAX, (3) minted from AMO FRAX entered free market and became uncollateralized (since UST crashed and users couldn’t exchange FRAX for UST at 1:1 on Curve pool) - is my logic correct?

#cryptocurrency #english #frax

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03.07.2022

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Jae | Built On Fraxtal · Accepted Answer

Jae | Built On Fraxtal

Sent you a dm, not sure if you got it!

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03.07.2022

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Hi! I have few questions about Frax’s AMOs mechanics. Would

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