Frax guys, quick question How much can we account frax

Question

Frax guys, quick question How much can we account frax

swap & fraxlend stability mechanisms to keeping frax at peg in V3

I can see curve AMOs remain but will their importance be insignificant in keeping frax at peg in v3?

#cryptocurrency #english #frax

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07.10.2023

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daesu · Accepted Answer

if frax > 1$ you can mint more frax to fraxlend pairs Interest earned by frax increases when frax <1 as it could be correlated to a high utilization rate fraxswap as stability mechanism is only used to swap the collateral and frax i could be wrong curve amo still the main way to maintain the peg and expand frax supply you need buying pressure on frax so you can mint frax to the curve pools when it's >1 to impact the peg (or withdraw lps) fxb and sfrax should generate buying pressure

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Frax guys, quick question How much can we account frax

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