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@Samkazemian will the dsr like product frax is developing have

a 5% floor? Based on fxbs base rate? I know you said you would propose 10% on the top end?

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Yes it will have around 5% base rate that can ideally scale with FRAX supply for billions of dollars hopefully. The 10% is for the top end similar to how DSR had 8% but we think 10% is ideal in these macro markets and will suggest that in the gov proposal to launch sFRAX.

AC-T Автор вопроса
Sam Kazemian ¤⛓️¤
Yes it will have around 5% base rate that can idea...

Can you explain how you get to 10%? I imagine it has something to do with overlap fees

AC T
Can you explain how you get to 10%? I imagine it h...

It's just the "cap rate" meaning that it can support certain amount of deposits up to 10% and then slowly linearly decreases to a 5% asymptote as more people deposit. For example: the first 50M FRAX deposited get 10% APR in sFRAX, then after 51M deposited the APR goes down slowly 9%, 8%.. until it is at 5% at around 500M. It's sort of similar to a farm where the more TVL slowly lowers the APR but this has a cap rate and farms don't.

AC-T Автор вопроса

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