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Jefe-ElJefe

Not sure how sfrax positions will be accounted for… when

someone creates an sfrax position is the frax they used sold for yield bearing assets (e.g. sdai or usdp-> finres deposit). Or is it held in a vault and the protocol pulls liquidity elsewhere to buy sdai/usdp/finres etc? Would end up with slight different accounting… in one the frax liability is specifically tied to the the sfrax vault on chain with frax sitting in a vault.

#cryptocurrency #english #frax
0

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Nomada-Amador

If you find out more about this, please share. Eventually, frax has to go off chain to get iorb if I got it right… I believe FinRes does this job, but there’s very little info about this.. like… who owns it, how is it funded, how is it earning revenue…

0
10.11.2023

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