Https://Twitter.Com/Tokenbrice/Status/1660965283543089154?S=46&T=M746TjMciuCU0cq64Oi_7Q

Question

Frax Finance

mo

Https://Twitter.Com/Tokenbrice/Status/1660965283543089154?S=46&T=M746TjMciuCU0cq64Oi_7Q

#cryptocurrency #english #frax

0

23.05.2023

7 ответов

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imajinl

Dirt Diggler
As someone that has researched frax fairly deeply,...

The only real risk I see is the fact that the algorithmic FRAX minted through AMOs is deposited in a protocol that then gets hacked. Then, the algorithmic (non-circulating) supply becomes circulating. And plus, the algorithmic FRAX is sitting in battle-tested protocols with a huge TVL, so if they get hacked, DeFi has bigger problems than FRAX depeg😅

0

24.05.2023

Mark11

Dirt Diggler
As someone that has researched frax fairly deeply,...

Bro it is incredibly straight forward if you understand that AMO FRAX is not in circulation. The data he is looking for is on the main app frontpage dead centre

0

24.05.2023

tan Any1 DM as admin will be reported to tg as scammer

imajinl
The only real risk I see is the fact that the algo...

what is algorithmic FRAX ? show me doc. claim frax is algorithmic stable

0

24.05.2023

imajinl

tan Any1 DM as admin will be reported to tg as scammer
what is algorithmic FRAX ? show me doc. claim frax...

FRAX that isn't backed by any collateral (Frax minted through an AMO)

0

24.05.2023

Dirt Diggler

Mark11
Bro it is incredibly straight forward if you under...

You say this and it’s not true. At one point there were two live websites (still probably are) that quote >$800 figured , one Protocol controlled liquidity and 1 amo. When these numbers represent a lot of the same thing… not two diff amounts to be added together So don’t just, it’s simple me when the info is everywhere and nowhere 🔥

0

24.05.2023

Mark11

Dirt Diggler
You say this and it’s not true. At one point there...

Brice is a midwit and used stale data from a website unassociated with the protocol to spread fud. The data is on the main app at the landing page front and centre and there is a tab for AMOs. Frax can't control what is on websites it has no relationship with

0

24.05.2023

Dirt Diggler · Accepted Answer

As someone that has researched frax fairly deeply, I will say that the concerns about missing information are real. It’s very hard to source all the financials and that does lead to a lot of questions. Now I am a frax believer and I also like the liquity product. Do I think Brice acts like a child? Certainly. But addressing these comments in a manner show as to prove how frax works, what money is backed, how the AMOs earn etc would be greatly appreciated. Anyone in here claiming they know is likely blowing smoke lol. It is very hard to discern based on the complexities of the Amos. Yours - friendly tractor

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Https://Twitter.Com/Tokenbrice/Status/1660965283543089154?S=46&T=M746TjMciuCU0cq64Oi_7Q

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