Frax Ether’s $23.4M frxETH Burn: A Bold Move to Keep Its Peg to ETH
20 Jun 2023 1 minute read 0 comments Arhat
Frax Ether made a bold move on June 11, burning a massive amount of frxETH to keep its peg to ETH, despite losing ~$23.4M in the process. Frax Ether mints $frxETH and pairs it with ETH in a Curve pool to provide liquidity. FrxETH and ETH are alw...
