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Thank you for taking the time to respond Sam, not

often you get to talk to a founder for facts. Really speaks a lot to you guys.

I knew I was missing something simple - ie your guys Frax ownership. Which is like >60% right?

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When you say "your guys' Frax ownership" I think you mean what the protocol owns itself. The PLC and AMOs are all protocol owned smart contracts. So you should consider them the same category of "these are assets that Frax Protocol owns to back the FRAX stablecoin." The label or names that are given to them are less important. All the smart contract addresses should be linked/viewable if you look. So my recommendation would be to just not double count the same contract addresses twice.

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