When I try to close position it shows amount exceeds

Question

Frax Finance

M K

When I try to close position it shows amount exceeds

available assets in pair, so whatever I had in Frax being lent out to crv is gone?

#cryptocurrency #english #frax

0

30.07.2023

7 ответов

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M K Автор вопроса

Any admin could answer this please? Or @samkazemian ?

0

30.07.2023

CaptainPunk ☠ capt.eth

M K
Any admin could answer this please? Or @samkazemia...

You need to wait for the borrower to repay the loan or for a new lender to provide more Frax into the pool. Fraxlend is a kind of p2p lending facilitated by protocol, you provide frax, and someone borrows it. The high utilization will increase interest rates gradually which will encourage borrowers to pay. So you should monitor it from time to time.

0

30.07.2023

M K Автор вопроса

Deckla
no it’s not haha simple answer

So if simply put as long as the crv founder doesn’t get liquidated the Frax I have lent on crv on Frax lend won’t be gone? If I am not correct in what sort of event could it be gone?

0

30.07.2023

M K Автор вопроса

CaptainPunk ☠ capt.eth
You need to wait for the borrower to repay the loa...

Thanks for exposing sir trying to get my head around this

0

30.07.2023

Deckla

M K
So if simply put as long as the crv founder doesn’...

You won’t have problem unless he will give it up

0

30.07.2023