In a slashing event how is that reflected in frxeth

Question

Frax Finance

SHARP

In a slashing event how is that reflected in frxeth

and sfrxeth? There's no reduction of supply like in stETH right?

#cryptocurrency #english #frax

0

09.06.2023

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SHARP Автор вопроса

Wa (¤³, ¤³) | I won't PM you first
At the moment in frxeth v1, 2% of the 10% collecte...

Thank you! This was my understanding, if it exceeds the insurance fund for slashing events it would only be reflected in a depeg of frxETH right? Meaning that there is currently no function to reduce its supply (which is what happens to steth for example)

0

09.06.2023

Wa (¤³, ¤³) | I won't PM you first · Accepted Answer

Wa (¤³, ¤³) | I won't PM you first

At the moment in frxeth v1, 2% of the 10% collected fees are for slashing events, in frxeth v2 validators put collateral, if they get slashed they will lose their collateral depending on how much they lost. You can also Check these links https://gov.frax.finance/t/fip-122-frxeth-protocol-fee-structure/1894 https://twitter.com/samkazemian/status/1664737658797686784?s=46&t=Ga8T3aJRncdNF5KxhdfZag

0

09.06.2023

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In a slashing event how is that reflected in frxeth

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