supply has been decreasing steadily for years and fairly quickly. Are there any bull cases for that turning around?
Lots of early users locked for multiple years when apy on pairs like frax/usdc were greater than 20% Now they've fallen to below2% but the liquidity is still locked As these get unlocked ppl tend to withdraw or rotate to the current high yield tokens like sdai susde sfrax Back then when ppl were locking fxs had a higher emissions rate so it was easier to incentivize
What remaining questions would you like the answer to?
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