in defi. I wonder, if today, frax can offer 14% and 1:1 redemption to USDC, would we see a mass migration? 🤔
A/B testing costs real capital. How would you propose A/B testing that doesn't cost a lot of expenses. Offering 14% fixed on FRAX is dangerous, where does that come from? It will lower the CR. That's why sFRAX doesn't work that way. The APY reacts to the amount of FRAX staked and the yield that has been sent to the sFRAX vault. It doesn't ever pay out what the protocol cannot afford to pay. Otherwise you get Terra-Anchor situation.
The past 2-3 weeks, sfrax was able to provide close to 15% apr. You can do it sdai way, advertise 12% fixed and change it to a lower number once tvl passed a certain theeshold. Isnt that what sdai is doing? And people like the “guaranteed” rate.
That's basically the same thing. "Advertise guaranteed rate...then change it." What does that mean lol
Обсуждают сегодня