Guys and @samkazemian is there any change to Frax Finance

Question

Guys and @samkazemian is there any change to Frax Finance

strategy after the USDC incident and the unreliability of the centralized stablecoins? I think one of you mentioned increasing the collateral of frxETH to replace the USDC share… is this real and viable in the horizon of 2-3 years? @samkazemian can you pls share your preliminary thoughts and brainstorming ideas on this pls?

#cryptocurrency #english #frax

0

18.03.2023

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SUBGURU Автор вопроса

So is there any alternative plan concerning the increasing ETH collateral to maintain the peg (similar to LUSD) or at least start replacing USDC by LUSD itself?

0

18.03.2023

Justin Abraham (¤, ¤)

SUBGURU
So is there any alternative plan concerning the in...

From my understanding it's a balancing act. Too much eth exposure causes scalability problems and too much usdc slows decentralization. I believe the plan is to slowly increase the AMO for the sfrxeth/frax AMO. It was recently proposed to be raised to 30 million and I think the proposals for that are going to be more aggressive moving forward. I personally am not for lusd swapping and believe the increase of the AMO is the better way forward. Moving too fast towards eth backing has its own issues.

0

18.03.2023

Jae | Built On Fraxtal · Accepted Answer

Jae | Built On Fraxtal

This might provide insight ser :) https://t.me/fraxfinance/259716

0

18.03.2023

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Guys and @samkazemian is there any change to Frax Finance

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