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@Samkazemian can you walk us through how the flow will

look as FinRes connects to sFRAX when it goes live?

1) User deposits FRAX into sFRAX
2) FinRes takes the Frax, trades it into USDC
3) Off ramps USDC and puts it into US treasuries

Is that how it should work?

#cryptocurrency #english #frax
0

2 ответов

17 просмотров
Sam-Kazemian ¤⛓️¤

In short yes. It's not more complicated than that. It doesn't need to be. But to be clear, sFRAX is not a guarantee that Frax DAO will do that nor is sFRAX a legal right to redeem for any part of the FRAX balance sheet like tbills etc.

0
06.09.2023
Hameed-

we need to make a morpheus meme - Neo, I'm telling you one day there won't be any USDC in the flow

0
06.09.2023

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