Dear Sam, The price of fxs is still in inflation after

Question

Dear Sam, The price of fxs is still in inflation after

2 years, even the number of users keep growing. Do you think let the ratio of rewards/burning is 70/30 is better than give 100% rewards to veFxs holder ? I understood your proposal at the beginning is veFxs long term holder take more risk when they lock. But shorterm holder also take small risk when they buy fxs. Having some fee for burning FXS is good for everyone in frax ecosystem(30% could be a good )

#cryptocurrency #english #frax

0

11.05.2023

7 ответов

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Luffy Monkey Автор вопроса

Sam Kazemian ¤⛓️¤
If FXS price keeps being as undervalued as it is n...

Thanks for listening the community, I do think autoburn is great approach to make the price of fxs less depend on the price of BTC. The more fxs go down, the more fxs is burned and it’s totally decentralized to keep price of fxs less inflation in this way. BNB is also great example for this method. Plus Fxs is consider as the backbone of whole frax ecosystem, so it should has auto burn function like layer 1 coin as ETH and BNB.

0

11 месяцев назад

Sam Kazemian ¤⛓️¤

Luffy Monkey
Thanks for listening the community, I do think aut...

I agree. My question for you though is what kind of equation do you use to calculate how much FXS to burn and how much to go to veFXS? Is this left up to the discretion of governance or should there be an autonomous algorithm like Ethereum's EIP1559?

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11 месяцев назад

Luffy Monkey Автор вопроса

Sam Kazemian ¤⛓️¤
I agree. My question for you though is what kind o...

For me it should be autonomous algorithm like EIP1559because it’s more decentralized. About the ratio, I think 70% go to veFxs holder and 30% to be burned (because veFXS holder take more risk when they locked)

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11 месяцев назад

OldPaul AmaZix

Sam Kazemian ¤⛓️¤
If FXS price keeps being as undervalued as it is n...

I couldn't agree more tbh 👆 the whole market is being irrational tbf

0

11 месяцев назад

Len

Sam Kazemian ¤⛓️¤
If FXS price keeps being as undervalued as it is n...

Surely we're reaching this point, no?

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11 месяцев назад

Sam Kazemian ¤⛓️¤

Len
Surely we're reaching this point, no?

Yes

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11 месяцев назад

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

If FXS price keeps being as undervalued as it is now, I do think it’s a good idea to restart the buybacks yes. And then burn potentially based on how much FXS was bought back. If FXS becomes so undervalued compared to other assets that can be held in the treasury, the best use of revenue is to buy it back rather than buy other assets. Obviously not investment advice. Just giving my personal thoughts on the matter.

0

11 месяцев назад

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