Hey @samkazemian, frxETH v2 is exciting and I get a

Question

Hey @samkazemian, frxETH v2 is exciting and I get a

few questions:

1. “Remember your debt is in validators, not ETH.”
Can you give me an eg about how it’s like to explain “debt is in validators”? I don’t quite get

2. Lenders/ stakers deposit ETH to get frxETH, and this becomes yield-generating in v2?

3. In terms of utilization rate, is it in the form of sfrxETH/ ETH staked?

Thanks!

#cryptocurrency #english #frax

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03.06.2023

3 ответов

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AnT Автор вопроса

Sam Kazemian ¤⛓️¤
1.) I explained it above earlier. It's similar to ...

I see, so only ETH staked as sfrxETH would be counted, that makes sense to me now ETH in sfrxETH may not be utilized and this creates idle ETH or in AMO

0

03.06.2023

Nelson Moran

Sam Kazemian ¤⛓️¤
1.) I explained it above earlier. It's similar to ...

🔥👌🏽

0

03.06.2023

Sam Kazemian ¤⛓️¤ · Accepted Answer

1.) I explained it above earlier. It's similar to Rocket Pool. For example, you put up 8E as collateral and can borrow 24E that gets combined into 1 validator that you "borrow." If you get slashed or your LTV goes up, it is taken from your 8E collateral when you get liquidated/ejected. 2.) You still have to stake the frxETH as sfrxETH to earn the yield (aka the interest rate payments). Same 2 token design. 3.) UR is how much ETH in the lending pool is borrowed by node operators vs idle/in AMO.

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