is only half of that deployed when the usage ratio is at 93.77%?
I'd assume the lending size is limited by frxeth/eth liquidity?
Nah, the frax just needs to be printed/topped up into the lending pair. The borrowing is in frax.
I'm referring to the fact that if more sfrxETH is available to liquidate than is in the pool, there's a threat of cascading liquiditions. Ie currently only 23k eth worth of frxeth can be sold
Good point indeed 👍🏻 thanks for the insight.
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