Guys, sup everyone. Been searching Frax and have a bunch

Question

Guys, sup everyone. Been searching Frax and have a bunch

of questions.

Some about $frax:
1) Is users still able to mint new $frax for fxs (1-cr)?
2) there is info in fip-188 that Frax will use 3m/month to accumulate frxETH for $frax CR increase, so new $frax backing won’t be 100% of stables (usdp?) and will consist frxETH?
3) Betting on almost 100% usdc collateral sounds centralized, will $frax have other stables in backing? Or if you cant say it directly, then can we expect $frax backing to be more diversified?

Have couple about amo:
4) there are 4 AMO atm?
5) what does the “idle usdc/frax” mean?

One about frxeth:
6) who is node provider(s) for frxeth?

Several about veFXS and FXS:
7) Is 8% fee from sfrxETH reward’s distribution to veFXS is currently live? If no, then why?
8) how rewards from amo, fraxswap, fraxlend split between buyback and burn fxs and buyback and distribute fxs to vefxs? (I know that for now buyback and burn is stoped)
9) the halving of fxs is on 20th,Dec each year?

#cryptocurrency #english #frax

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05.05.2023

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Jae | Built On Fraxtal

3) the USDC that backs FRAX doesn't remain as USDC, and a lot of it is diversified ser to reduce centralization as you mentioned. We have plans for a FMA however it is too early for any deets.

0

05.05.2023

Andy - IQ & Frax Finance 🧠 (Slow Replies @ T2049) · Accepted Answer

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

#4. Yes the 4 AMO consists of Investor, Liquidity, Curve, Lending. https://docs.frax.finance/amo/overview https://app.frax.finance/amos #5. Idle Frax/USDC means that it is not being used by AMOS or various other places.

0

05.05.2023

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Guys, sup everyone. Been searching Frax and have a bunch

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