@Samkazemian sorry to bother but is there a way to

Question

@Samkazemian sorry to bother but is there a way to

check the backing for frxETH? Apparently other LSDs report periodically the backing associated with their LSD but I can't find the same for frax. The goal is to check the backing and compare it to the exchange rate to verify if it's trading at a premium/discount.

#cryptocurrency #english #frax

0

09.06.2023

12 ответов

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SHARP Автор вопроса

Basically, is there an oracle that reports frxETH's backing?

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09.06.2023

desalniettemin 👆😑👇

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Basically, is there an oracle that reports frxETH'...

Something like? https://facts.frax.finance/frxeth/balance-sheet

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09.06.2023

Jon Walch

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Basically, is there an oracle that reports frxETH'...

I’m working on a frxEth oracle that gives you the price in ETH. Also working on same thing for sfrxeth

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09.06.2023

Sam Kazemian ¤⛓️¤

As @Desalniettemin just said, the Frax Facts analytics dashboard publishes a real time, block by block balance sheet of frxETH. You can't really get any more accurate than that and any more transparent.

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09.06.2023

SHARP Автор вопроса

Sam Kazemian ¤⛓️¤
As @Desalniettemin just said, the Frax Facts analy...

But this isn't on-chain right?

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09.06.2023

Sam Kazemian ¤⛓️¤

SHARP
But this isn't on-chain right?

Everything that backs frxETH is onchain and in smart contracts. I'm not sure what you're asking. If you mean is the actual balance sheet data itself published onchain, no, it is on the front end. But all the assets and collateral is onchain and referenced in the balance sheet per address.

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09.06.2023

SHARP Автор вопроса

Sam Kazemian ¤⛓️¤
Everything that backs frxETH is onchain and in sma...

I needed an oracle that constantly reads an API and writes to chain if there has been a change

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09.06.2023

Sam Kazemian ¤⛓️¤

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I needed an oracle that constantly reads an API an...

I think that's something you might want to do yourself since it would be a nice community feature that others might find helpful. If you need price oracles or things related to price itself, @jonwalch is working on that part himself as he said. But if you are looking for just raw data published to chain, we don't do that. You're welcome to build it 🙂

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09.06.2023

SHARP Автор вопроса

Sam Kazemian ¤⛓️¤
I think that's something you might want to do your...

Thanks. All the other LSDs that we integrated so far had this so I assumed that frax probably had it too

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09.06.2023

Sam Kazemian ¤⛓️¤

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Thanks. All the other LSDs that we integrated so f...

They publish raw data to chain? Can you link to Lido and Rocket Pool's?

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09.06.2023