The collateral ratio (CR) for Frax is currently 98.35%. 🧠 Powered by IQGPT.com
@avfawkes - Frax is using its revenues to get to 100% collateralization ratio. Currently, it is over 98% collateralized with monies outside of FXS.
In whitepaper declared, that collaterization will decrease in expansion phase, and its posible to FRAX be 100% algoritmic. And wise versa in narrowing phase collateral ratio can go up.
We moved away from that after Luna/ ust collapse
Since you tagged me, I willl respond, but there may be someone better. Whiteoaper is old. Frax has shifted to fully backed stable coin. Not algorithmic under collateralized.
You are faster!
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