50% APY on sFrax ? Where is it coming from,

I though it was like sfrxeth monetary premium where all frax collateral goes into treasuries and yield gets distributed only to sfrax stakers. A man can dream.

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7 месяцев назад

Sam Kazemian ¤⛓️¤

Kaldes
I though it was like sfrxeth monetary premium wher...

It's sort of like that ya, but the yield isn't only from tbills/RWAs. The yield is from protocol revenues.

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7 месяцев назад

Jack

Sam Kazemian ¤⛓️¤
It's sort of like that ya, but the yield isn't onl...

I thought protocol revenues were going to FXS buybacks and FLE They are being shared with sfrax holders as well?

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7 месяцев назад

Sam Kazemian ¤⛓️¤

Jack
I thought protocol revenues were going to FXS buyb...

They are going to FXS buybacks and FLE. But they go to sFRAX and sfrxETH technically too. It's just like Maker, they don't keep ALL of the revenue, a lot of it goes back to the system. But ton of it goes to stakers too, this week nearly $400k alone to veFXS.

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7 месяцев назад

Ov

Sam Kazemian ¤⛓️¤
They are going to FXS buybacks and FLE. But they g...

This is confusing again.

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7 месяцев назад

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

Protocol revenue as we intake more Ethena collateral, new lending facilities, and increase revenue across the board. It's not a fixed APY meaning that the more FRAX is staked, the APY can go down toward the IORB rate of 5.40%. I don't expect that to happen though since revenue will keep rising hopefully.

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7 месяцев назад

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50% APY on sFrax ? Where is it coming from,

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