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AnT-

Hey @samkazemian nice interview with 0xresearch! Would like to have

some follow-up questions regarding the interview:

1. You mentioned short-dated FXB auction as a measure of expediency in case of prolonged withdrawals. For the yields of those short-dated FXB, where do the yields come from? Also IORB?

2. You also mentioned that for any spread between FXB and treasuries with same maturity date, Frax can capture the spread. Eg when 1-year t-bills yield 5% and 1-year FXB yield 4%. Where does the spread come from? I assume FXB is auctioned at the exact same yield-to-maturity as the underlying t-bills right? If that’s the case why is there a spread then?

#cryptocurrency #english #frax
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1 ответов

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Mark11-

Docs soon ser

0
22.10.2023

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