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Frax Finance announced on X platform that DeFi project Tangent will open pre-deposits in one week, with frxUSD serving as one of the default stablecoins, alongside USDC to support the protocol's initial liquidity deployment.Frax stated that Tangent will be built on the frxUSD PegKeeper pool on Curve Finance, further enhancing frxUSD's application scenarios and capital depth within the on-chain liquidity system as a core DeFi stablecoin.
Odaily News: sato has released a new mechanism documentation, providing further explanations on the operational logic of the Curve. The documentation reveals that sato's Bonding Curve is not a completely symmetrical exchange system; users employ different pricing logics for minting and burning, with the burn price being structurally lower than the mint price due to correction factors.According to the documentation, the sato team defines the Curve as an "issuance system + final repurchase pool," rather than a fully redeemable backstop mechanism. The Curve is primarily responsible for issuing tokens in the early stages. Once external market liquidity matures, it transforms into a "buyer of last resort," providing on-chain repurchase functionality when secondary market liquidity is insufficient.Earlier, some community developers pointed out that there is a state mismatch between ethCum and totalMintedFair within the sato Hook. This mismatch causes users to "buy at a higher Curve price and sell at a lower Curve price," where some ETH remains in the Hook reserve but cannot be fully redeemed through the selling path. Request Flash.