[Company Watch] Dual Asset Backed Stablecoins — Would this work?

  • Frax can always be minted and redeemed from the system for $1 of value.
  • When Frax>1, anyone can mint Frax, with the combination of USDC and FXS based on a collateral ratio. For example, in a 98% collateral ratio, every FRAX minted requires $.98 of collateral and burning $.02 of FXS.
  • When Frax <1, anyone can redeem Frax, to receive a combination of USDC and FXS based on a collateral ratio. For example, in a 98% collateral ratio, every FRAX can be redeemed for $.98 of collateral and $.02 of minted FXS.
  • A minting/redemption fee of 0.45% is applied.
  • When Frax>1, the collateral ratio lowers by 0.25% per hour
  • When Frax<1, the collateral ratio increases by 0.25% per hour.

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The Serenity Fund

The Serenity Fund

Zero market risk and stable return - risk neutralised cryptocurrency fund.