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Frax Finance Frax Finance
Seba-TLDR

Curious, don’t much about how the US banking system works,

but have often heard the meme of banks closing on weekends. I understood that FRAX peg will be ultimately kept by offchain ops, then, is it affected by that kind of banking stuff?

#cryptocurrency #english #frax
0

5 ответов

15 просмотров
Sam-Kazemian ¤⛓️¤

It's true wires don't go through on weekends, at least until FedNow is integrated into the banking partners that FRAX v3 uses. After FedNow, hopefully settlement and RWA<>onchain asset management can be instantaneous.

0
06.10.2023
Mog-
Sam Kazemian ¤⛓️¤
It's true wires don't go through on weekends, at l...

so sFrax will be a yield bearing token ? ( with interest rate similar to Fed ?)

0
06.10.2023
Danny P-
Mog
so sFrax will be a yield bearing token ? ( with in...

Did I read that it’ll be 10% though initially to attract attention & investment? If so where does the money come from for the extra yield for the initial period

0
06.10.2023
C2tP-
Danny P
Did I read that it’ll be 10% though initially to a...

The easy answer is it's not gonna be 10%

0
06.10.2023

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