Frax Finance

29 Sep 2024 07:12

Facts I don’t fuck with Coinbase

Frax Finance

29 Sep 2024 07:10

I am building a brand anons why am I still doxed like Sam

Frax Finance

29 Sep 2024 06:10

The easiest way to understand fxs is price go up. That’s the Universal language

Frax Finance

29 Sep 2024 03:45

Yes, everyone can understand FXS (FRAX Share) is actually a share of "FRAX ecosystem" or "FRAX nation". For those who can't understand, they probably aren't the quality user.

Changing the name will bring confusion for existing + new user and probably waste of resources.

Frax Finance

29 Sep 2024 03:32

i can understand changing FRAX to fraxUSD, but i see no reason to change FXS to FRAX

Frax Finance

29 Sep 2024 03:31

it was a billion+ stablecoin, so people will be aware of it. even if they dont use it.

Frax Finance

29 Sep 2024 03:30

Yea because so many people use FRAX right now. If this was a billion+ stablecoin i’d be more hesitant. Right now is the optimal time to do a brand refresh before more adoption comes.

Frax Finance

29 Sep 2024 03:28

Beautiful thing about web 3. You can do user research with a simple tweet. This data could cost thousands of dollars via an agency running polls and doing interviews

Frax Finance

29 Sep 2024 03:26

wall of text .. nice

Frax Finance

29 Sep 2024 03:19

way would we change FXS to FRAX? thats a real easy way to confuse a lot of people

Frax Finance

29 Sep 2024 03:18

https://x.com/WethWood/status/1839835600343491063

Frax Finance

29 Sep 2024 03:08

if you want a better return for your investment then you can use DeFI. but if you use DeFi then you will have to do all the work the TradFi companies where doing for you, so you will have to learn how to do them jobs, and sometimes they are complex.

Frax Finance

29 Sep 2024 03:01

Building easy things not hard. Crypto is very complex and hard by default, it is art to bridge people smoothly from TradFi to Crypto seemingly. As of right now, it science fiction for many

Frax Finance

29 Sep 2024 01:21

i had the red dot on the laptop before that one

Frax Finance

29 Sep 2024 01:18

found it .. think i still have some crypto on it .. im sure it still works just fine

Frax Finance

29 Sep 2024 07:11

Anyone can explain wormholes ?

Frax Finance

29 Sep 2024 06:58

Did you steal somebody’s seed phrase and are trying to figure out how to withdraw the funds? How is it possible you could have invested > 500k but “never claimed a reward not one time” and don’t know how to navigate the platform? How did you invest the 500k originally?

Frax Finance

29 Sep 2024 04:07

Ndring, press the button below within 3 Minutes to be able to write in the group👇🏻

Frax Finance

29 Sep 2024 03:33

FXS = FRAX shares = a share of the FRAX ecosystem. fraxUSD = FRAX version of USD.

Frax Finance

29 Sep 2024 03:31

most people using FRAX dont follow the social medias and stuff.

Frax Finance

29 Sep 2024 03:31

And yea there wouldn’t be any messaging we’d just switch the tickers overnight and confuse everyone.

Frax Finance

29 Sep 2024 03:29

you haveto remember 90% of people using FRAX wont be aware of any governance or voting, they will just see FRAX listed on binance and now trading at $2-3

Frax Finance

29 Sep 2024 03:27

lets check FRAX .. oh its $2 .. well thats a shit stable coin, wont use that.

Frax Finance

29 Sep 2024 03:25

1. Unified Ecosystem Identity

Streamlined Branding: By using FRAX as the primary token name, the ecosystem would have a unified and simplified identity.

Easier for Newcomers: New users would immediately associate FRAX with the Frax ecosystem, reducing confusion about different tokens serving different functions. It could lower the learning curve for understanding the system.

2. Stronger Brand Recognition

Leverage Existing Reputation: FRAX is already well known as one of the leading decentralized stablecoins. By shifting FXS to FRAX, you could capitalize on the established reputation and recognition of the FRAX brand while expanding its use to governance and utility.

Consistency Across DeFi: Aligning with trends in the DeFi space (like Maker’s rebrand to SKY) could help Frax maintain consistency and signal to the broader DeFi community that it’s evolving with the ecosystem.

3. Clear Distinction Between Stablecoin and Governance Token

Renaming FRAX to fraxUSD or USDF: If FRAX stablecoin is rebranded to fraxUSD/USDF, that would free up the FRAX name to be used for the governance token (formerly FXS). This change would make it obvious to users that fraxUSD/USDF is the stable, pegged currency, and FRAX is the governance and utility token. This parallels how other ecosystems like Maker has differentiated their stablecoin from their governance token.

4. Symbolizes Evolution and Growth

Signaling a New Era: Changing FXS to FRAX could symbolize the evolution and maturity of the Frax protocol. A rebranding could signal that Frax has reached a new phase, potentially as part of broader tokenomics reforms or governance updates. It can help Frax stand out in the competitive DeFi landscape.

Frax Finance

29 Sep 2024 03:18

178 votes is pretty good

Frax Finance

29 Sep 2024 03:16

if you make something thats complex simple to use for general people, then it will always result in the general people using it getting exploited. for example banks offering very low interest rates. or coinbase offering 5.48% for XTZ staking on their platform when its 10.21% on the XTZ network... coinbase made it simple, then exploited the people using it.

Frax Finance

29 Sep 2024 03:06

if you want easy things, use TradF . TradFi has companies that do all the work for you and charge you a fee for doing it.

Frax Finance

29 Sep 2024 02:59

Building a brand > than not building one

Frax Finance

29 Sep 2024 01:20

no red dot in the keyboard? you better paint one on

Frax Finance

29 Sep 2024 01:14

but yeah thats what i had to play doom 2 on