https://www.coingecko.com/en/coins/magic-internet-money
The last example, Frax Finance , the fractional reserve stable coin of the Frax Finance ecosystem. FRAX’s market cap has increased from $500 million to $2.6 billion over the past 90 days.FRAX is an interesting study given growth is tied to two mechanisms — the collateral ratio and algorithmic market operations . FRAX is a fractional reserve stable coin, meaning some percentage of reserves backing the dollar peg isCurrently, FRAX’s CR is 84.25%, down from 100% in January 2021; meaning 15.
If the market environment continues to soften, investor rotation into yield-bearing stable coins is likely to continue. Tracking these flows paints of picture of a sophisticated investor base constantly looking to minimize volatility and maximize yield in the current environment.
when tradfi poopposts it’s over
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