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Is there a weekly / monthly revenue that is going

towards the cause? Is the amount fixed or dynamic?

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Dynamic as it depends on the protocol revenue

Ab- Автор вопроса
Andy - IQ & Frax Finance - Attending GMVietnam 🇻🇳 @ TBW 13-18
Dynamic as it depends on the protocol revenue

Is there a resource that shows fees earned by the protocol, i suppose all of it goes towards maintaining the CR

Ab
Is there a resource that shows fees earned by the ...

Ser you should be able to find all you need here: https://facts.frax.finance/

Ab- Автор вопроса
Jae |
Ser you should be able to find all you need here: ...

Sorry but i couldn't find the fees generated info Can you share?

Ab
Sorry but i couldn't find the fees generated info ...

It's not clearly there yet They have a balance sheet posted but nothing clearly showing all the income streams in one place and how that money is being spent each week

Bizy
It's not clearly there yet They have a balance sh...

One thing you can see onchain they been selling CVX and CRV for sDAI instead of other stables

Alberto
One thing you can see onchain they been selling CV...

This is a good first step All farming revenues in volatiles should be converted to stables. Because I know asking to sell the volatiles is too controversial at this stage but at least the farming revenues should be converted to stables then sent to finres instead of even sDai.

Alberto
One thing you can see onchain they been selling CV...

It won't play well for them in the long run, I don't think we should sell volatiles for boosting stable yield. I can get behind selling farming revenue but I still think we should hold on to our dominant position in Defi governance.

MabMiche Micheli
It won't play well for them in the long run, I don...

Nothing is worse for trust than not having 100%+ CR Small fish trust that big fish have done their due diligence And big fish won't trust frax by consensus until we figure out a clear timeline to 100% CR The biggest obstacles to that is spending treasury we don't have to gamble on defi governance tokens and other expenses on marketing etc

Bizy
Nothing is worse for trust than not having 100%+ C...

I am with you on this, I was referring specifically to selling gov.t. for short term stable yield. I think that reaching 100% CR should be top priority.

Bizy
Nothing is worse for trust than not having 100%+ C...

One key t hing to consider is that FXS counts as 0 in our balance sheet, so we are technically fully collateralized if we can use our FXS. I think not adding more volatile assets (CVX, CRV) is reasonable. Bribing with our FXS allows us to get rid of an asset that counts as 0 in our balance sheet and trade it for something we can use to bring CR closer to 0 (CRV/CVX into USDC). Another option we got is offer to sell our FXS at a discount to someone in exchange for USDC (bringing our CR to 100) and that actor should lock a % of those into veFXS for some time

Alberto
One key t hing to consider is that FXS counts as 0...

Fxs should count the way FTT should? 1) What?

Bizy
Fxs should count the way FTT should? 1) What?

i mean for CR calculation, we are taking FXS as 0. We could sell some and get CR to 100. same way we have a TWAMM ready to buy at 5$, we could have another to sell at 6$ if CR=100 is a concern. without using our FXS, i would imagine CR 100 will not be achieved in at least a year

Alberto
i mean for CR calculation, we are taking FXS as 0....

Okay I see what you mean Yeah I don't think selling fxs is a good option And I agree, their expectation to not Cr before 2023 year end is unrealistic and even by end of 2024 is extremely optimistic based on current projections

Bizy
Nothing is worse for trust than not having 100%+ C...

I tend to agree with you, what is the point (from a user perspective) to get “risk free yield” when the stablecoin ITSELF is risky in their eyes (not 100% collaterized)

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