Hey! On the balance sheet, I see that: ⁃ FRAX total

Question

Hey! On the balance sheet, I see that: ⁃ FRAX total

supply (liabilities) is 742m;
⁃ protocol’s assets consist of owned FRAX ($367m) + owned FRAX-FXS/USD/others ($174m - around 50% is FRAX here) + locked liquidity, mostly FRAX-token ($122m - around 50% is FRAX here) + other assets.

So around 500m FRAX are protocol’s assets and, at the same time, protocol’s liabilities. Does it mean that for around 500m FRAX out of 742m FRAX liabilities’ counterpart is FRAX protocol? So 500m FRAX are kind of virtual (created out of nothing, so to say)? I’m kind of dumb when it comes to math and balance sheets, so mb I just don’t grasp the general idea or some obvious things..

#cryptocurrency #english #frax

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12.10.2023

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Roman Автор вопроса

How does communication here usuallly work - is it enough to just drop a question and hope that someone from community will answer or mb there are other platforms for communication (discord)?

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7 месяцев назад

Roman Автор вопроса

Jae |
Majority of questions come in the form of DMs ser!...

Yep we did! Didn't know it's kind of primarily form for communication. And still feel dissonance when I get DM from person with "i will never dm" in nickname)) Thx, so I will wait for DM I guess

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7 месяцев назад

Jae |

Roman
Yep we did! Didn't know it's kind of primarily for...

Haha ser feel free to shoot me a DM

0

7 месяцев назад

Jae | · Accepted Answer

Jae |

Roman
How does communication here usuallly work - is it ...

Majority of questions come in the form of DMs ser! I believe we have spoken via dms in the past too

0

7 месяцев назад

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Hey! On the balance sheet, I see that: ⁃ FRAX total

4 ответов

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