The only way of mintint FRAX right now is by

Question

The only way of mintint FRAX right now is by

burning other assets. Will it be possible to leave crypto as collateral and mint FRAX (more like borrowing) in the future? The reason is, in bullmarket you dont want to lose exposure to your volatile assets, yet borrowing stables in bullmarket becomes increasingly expensive

#cryptocurrency #english #frax

0

01.03.2024

4 ответов

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Mephisto Автор вопроса

Bueno Pues
FraxLend allows you to borrow Frax against your vo...

Borrow APR is high

0

9 месяцев назад

Bueno Pues

Mephisto
Borrow APR is high

I know there are protocols that allow you to mint a stable coin if you hold their stable asset. Example, if you held FXS, you could mint Frax. (This does not exist, but, that is the example.) And, there are a few that use ETH and then can mint a stable. Are there protocols that allow you to “mint” a stable coin from volatile assets other than ETH or their native volatile assets without an interest rate? If so, I would love to research the protocol.

0

9 месяцев назад

Mephisto Автор вопроса

Bueno Pues
I know there are protocols that allow you to mint ...

the interest rate shall be low, its basicly like borrowing

0

9 месяцев назад

Bueno Pues · Accepted Answer

Bueno Pues

FraxLend allows you to borrow Frax against your volatile assets. Is that what you are looking for? Separately, BAMM will allow for long tail assets to be used as collateral. That is expected before end of year

0

9 месяцев назад

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The only way of mintint FRAX right now is by

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