This is something AMD really needs
You mean max frame rate? It's been in catalyst for a while now. Year or so, I'm not sure. Go to Performance -> Frame Rate Targeting Control
No, he means Prerendered frames.
Nvidia has a setting for 1,2,3,4,5 or application controlled. Prerendered frames are meant to smooth out FPS dips, but increase latency.
By lowering or turning off prerendered frames latency is decreased and so is GPU impact since it only has to render the current frame.
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