FRAX: The Fractional Algorithmic Stablecoin (Pt. 2)

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Welcome Avatar! We continue our analysis of Frax in part two, with a deeper dive on valuation, catalysts, and risks. If you haven’t yet, make sure to check out part 1!

FXS Valuation

AMOs have generated $50.7 million in accrued profits in the last six months, $44 million of that being earned from October 1, 2021 through December 12, 2021 (72 days).

As we di…