Frax Year in Review 2022: The DeFi Trinity is Born - Flywheel #32
Flywheel DeFi
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AMOs and FX Market Makers - What's the Difference?
Luna took the opposite one where it's like, you know, we're going to have all these huge market makers like Wintermute and a bunch of other ones. It was mainly jump. And I think they're on chain liquidity was actually pretty thin to bear. If they had just had an AMO system that was able to mint unbacked UST and put it into the curve contract, never would have happened. Right? So then do came out and said, by my hand, die will die. Oh, yeah. Like that you remember that? Yeah.Yeah. The total size of the four pool would have been like $2 billion or 2.5 billion post post
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