As per Bluechip (A) Stable collateral = $228.7M Crypto collateral = $43M (B)

Question

As per Bluechip (A) Stable collateral = $228.7M Crypto collateral = $43M (B)

Adjusted value of crypto collateral for 220% LTV = $17.48
(Note: 15% discount applied to all non-ETH/non-BTC crypto)

(C) Third-party liquidity locked in LPs for more than 1 year = $51M
(TVL of Locked Liquidity / 2, assuming balanced pools for simplicity)

(D) Adjusted Total Collateral (A) + (B) + (C) = $297.2M
(E) Outstanding FRAX = $288.8M
Adjusted Collateral Ratio (D)/(E) = 103%

There are 67.9 million in loans backed with overcollateralized debt with collateral worth 161 million in fraxswap. If a CDP gets to be 250% overcollateralized why doesn’t frax get to count this 161 million worth of collateral?

#cryptocurrency #english #frax

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18.07.2023

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Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

You’re last point is actually fantastic and I forgot to bring this up to @deathereum

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18.07.2023

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As per Bluechip (A) Stable collateral = $228.7M Crypto collateral = $43M (B)

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