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Hey guys, is frax now 100%backed by usdc?

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The current CR is around 92%

You can calculate it here: https://facts.frax.finance/frax/balance-sheet CR=(Total Assets-Locked Liquidity)/Total Liabilities

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Andy - IQ & Frax Finance - Attending GMVietnam 🇻🇳 @ TBW 13-18
The current CR is around 92%

Where can i see it? Also, aren't you guys aiming to get frax 100 % backed??

Ab
Where can i see it? Also, aren't you guys aiming t...

Yes that is the goal which we’ve been progressively working on 👍🏻 https://gov.frax.finance/t/fip-188-increase-cr-to-100/2147

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Andy - IQ & Frax Finance - Attending GMVietnam 🇻🇳 @ TBW 13-18
Yes that is the goal which we’ve been progressivel...

The value that is used maintain the CR of FRAX is coming out of stakers yield right? The proposal doesn't mention until when it will be complete

Ab
The value that is used maintain the CR of FRAX is ...

Yes there are many avenues which go towards 100% CR, there isn't a date mentioned because there isn't an ETA

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