When Governance (at the time of writing, this is Team Toast) is negotiating payment in FRY from the Treasury, in exchange for services rendered, often the price will be negotiated and set in USD. When it comes time to make the payment, it’s good to have a general policy for how to convert an agreed-upon USD amount to an amount of FRY.
We’ll respond to this thread to change this policy when needed.
For now, we’ll price FRY at the greater of these two values:
- $0.01 USD/FRY
- The USD/FRY price on Uniswap