Record answers on LIQ fungibility and proxy withdrawals
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## Backing and external redemption
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- Are special-minted tokens fully fungible with ordinary LiqETH/LiqSOL, including redemption and reward rights?
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- How does Liq recognize AMM-controlled assets as backing without double counting assets and token claims?
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- When a trader takes LIQ out of the AMM and redeems through Liq, who supplies the native asset and how does the AMM liability change?
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- Are special-minted tokens fully fungible with ordinary LiqETH/LiqSOL, including redemption and reward rights? Yes
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- How does Liq recognize AMM-controlled assets as backing without double counting assets and token claims? it doesn't change, only a new mint function will be added to Liq and only this contract will be able to call it. Withdrawl will be put behind a proxy
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- When a trader takes LIQ out of the AMM and redeems through Liq, who supplies the native asset and how does the AMM liability change? see latest diagram
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- Can Liq draw backing directly from the AMM, or does redemption create a payable? How does either route affect reserves and the AMM curve?
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- How are settled claims prevented from being paid or cancelled twice?
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