FraxLend had a very profitable August but the CR didn't go up.
Why is that?
The lower Frax supply goes, the more concerning the CR not going up will be.
This part has been explained many times. There are volatile assets that partly back FRAX like sfrxETH and vlCVX so if those drop in price it counteracts the revenues. The CR is not always necessarily going up nonstop.
Thanks, I guess I expected it to go up with revenues despite the drop in market Question: Using the balance sheet tab on facts.Frax.Finance , what's the exact calculation to get to the collateralization ratio?
(Total_assets)/(total_liabilities) That's the most correct and accurate way to report the CR. Or at least that's how it is being reported in real time going forward.
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