I have a question about fraxlend. Since [FIP - 326]

Question

Frax Finance

Duncan

I have a question about fraxlend. Since [FIP - 326]

Proposal for Implementing a 10% Protocol Fee on Fraxlend has passed, when will it be effective? Thanks.

#cryptocurrency #english #frax

0

11.02.2024

12 ответов

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Timothy

Hi Can someone from the team confirm whether the 10% fee has been implemented on lenders with the passing of FIP 326?

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10 месяцев назад

Jack

Timothy
Hi Can someone from the team confirm whether the...

Didn't even know this passed 😭 But is the tax already being deducted? I'm getting diluted by the AMO and now getting hit with a 10% fee on top of that Hard being a lender these days 😅

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10 месяцев назад

Jack

Jack
Didn't even know this passed 😭 But is the tax alr...

Also @naderghazvini this proposal didn't even say it was going to snapshot https://gov.frax.finance/t/fip-326-proposal-for-implementing-a-10-protocol-fee-on-fraxlend/2890/1

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10 месяцев назад

Sam Kazemian ¤⛓️¤

Jack
Didn't even know this passed 😭 But is the tax alr...

Fee is passed gov but not yet implemented. You're not being diluted by the AMO, that's not really how it works since the interest rate dynamically changes based on how much someone borrows, so you're always lending at the "fair market rate" for each pair. Lenders never get diluted (other than the admin fee which is small), they always lend at what the market wants to pay.

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10 месяцев назад

Jack

Sam Kazemian ¤⛓️¤
Fee is passed gov but not yet implemented. You're ...

The amo is crowding out the return or lowering it You cannot have zero impact by adding funds into a lending pair It's either lower than it would be if it wasn't for amo If amo exits a pair they have funds in then the rate would increase and I guess the borrower would reduce In this version the rate is fixed but that means there's a maximum dollars spent by the borrowers and the amo can crowd that out and keeping those fund Either way it's a hit to other lenders

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10 месяцев назад

Sam Kazemian ¤⛓️¤

Jack
The amo is crowding out the return or lowering it ...

Depending on the size of the pair, the AMO could make rates lower if it's a small market cap pair which typically there isn't too many of on Fraxlend. Maybe there's some impact due to the AMO, but I have a hard time believing the AMO would crowd out the lenders on a large asset like WBTC or an LSD (sfrxETH or stETH etc). There's an open market rate for those assets, and a couple million more of lenders doesn't affect the multi billion dollar demand for leverage of WBTC for example. It would just get arb'd through to Aave. But anyway, you are right on the smaller pairs.

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10 месяцев назад

Jack

Sam Kazemian ¤⛓️¤
Depending on the size of the pair, the AMO could m...

Yeah I'm not referring to wbtc etc that are available everywhere But even on those the amo can crowd out lenders when the rate hits market equilibrium But in case of cvx, fxs and other more niche pairs, the amo can have a big effect and the 10% is a double whammy

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10 месяцев назад

Samuel (Flywheel | Leviathan News)

Jack
The amo is crowding out the return or lowering it ...

Which pair are you in?

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10 месяцев назад

Jack

Samuel (Flywheel | Leviathan News)
Which pair are you in?

Fxs, cvx, gohm

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10 месяцев назад