The AMO's max allocation cap for each of FXB pairs is $5m but AMO will allocate based of the market demand and utilization so if utilization rate for these pairs go up then AMO will add more FRAX to them. You can find more details about Allocation caps and actual allocation of AMO into each pair here: https://facts.frax.finance/fraxlend/amo
Oh ok, gotcha. Can the AMO dynamically set different APR thresholds / targets for different pairs? The borrow APR on FXB_1 is already at 1.6% right now with only 20% utilization. I'm curious about buying a bunch of bonds and looping so users could leverage the spread between the borrow rate and the rate the fxb pays, but right now it doesn't really seem calibrated to scale well for that use case. I'm imagining that if it were, it would incentivize a lot more volume to come into fxbs. Seems like the fraxlend AMO revenue would stay similar too, as it would be earning a lower lending rate for each frax, but with more volume total.
Обсуждают сегодня