8 months all the revenue from the protocol goes to

Question

8 months all the revenue from the protocol goes to

the CR, but the CR is still 97%.Where can we follow this transparently?How much does CR itself earn, how much does it get from the protocol?Too many question marks

#cryptocurrency #english #frax

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сегодня 01:50

9 ответов

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To Ran Автор вопроса

Leo Leo
If you scroll down this page: https://facts.frax.f...

How is Frax(directly held frax) included in the Frax CR?😧

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15 часов назад

Sam Kazemian ¤⛓️¤

To Ran
How is Frax(directly held frax) included in the Fr...

This has been explained a bunch of times..it’s counted as both a liability and an asset so it cancels to 0. Otherwise the total supply of FRAX in existence onchain doesn’t match the amount recorded on the balance sheet if it was done any other way. It’s obviously not counted as backing, it is canceled out.

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15 часов назад

To Ran Автор вопроса

Sam Kazemian ¤⛓️¤
This has been explained a bunch of times..it’s cou...

Ser something must be wrong somewhere.The market is rising, Protocol revenue have been going to Cr for 8 months, Cr itself is also earning, but Cr% is going backwards.I suggest you check

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14 часов назад

Sam Kazemian ¤⛓️¤

To Ran
Ser something must be wrong somewhere.The market i...

The actual remaining exogenous backing is definitely increasing. I can get you exact numbers will check. You might be misunderstanding the CR number itself since it has increased from 96 to almost 98 just in the past few weeks. Only thing is the FXS price decrease counteracted some of the ETH and WBTC price increases. But most of the FXS POL was lowered so it’s no longer affecting the CR much anymore, but it did affect it the earlier months of the year.

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14 часов назад

Leo Leo

Sam Kazemian ¤⛓️¤
This has been explained a bunch of times..it’s cou...

I'm curious how we end up having this much $frax on our balance sheet, is it due to AMO? Although it cancels out with debt, but it does affect CR (that's why CR is just a meme😊). Another question, there's huge amount of $frax sitting in FRAX/sDAI pool but doesn't seem to be earning much. What's the purpose of this pool?

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14 часов назад

To Ran Автор вопроса

Leo Leo
I'm curious how we end up having this much $frax o...