Are we taking profits and converting them to stables as we go? If so, can we get a line item for how much we have converted to stables?
When stables can increase in quantity and volatiles can increase in value....and if what is presented is in usd, then it gets a little muddy to understand whether our CR increases are real increases or fluctuations.
It almost feels like CR is the wrong thing to measure. Instead we should be measuring the ratio of volatiles in the frax balance sheet?
Or maybe the goal is never to remove the volatiles fully? If so, is it correct that we need to maintain significant "overcollateralization" of stables in order to ensure a CR of 1 when the balance sheet continues to have volatiles? (Yes, I understand: oxymoronic...but I think the question is clear)
Fascinating point, eager to know what Devs think
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