Frax Finance

12 Dec 2024 01:34

what should happend for ETH to outperform BTC in long run, we talking in at least 1 cycle? And since FRAX won't day trade and sell/buy but rather just accumulate as a reserve, BTC is better placed

Frax Finance

12 Dec 2024 01:14

Ok guys just watch flywheel pod lmao insane alpha

Frax Finance

12 Dec 2024 01:05

Some admin can help me, got a bug with Fraxtal Bridge

Frax Finance

12 Dec 2024 00:45

It’s infinite quantitative easing

Frax Finance

12 Dec 2024 00:28

But maybe it’s an another part

Frax Finance

12 Dec 2024 00:18

All I want for Xmas is for Discord to be used instead of Telegram. So much time spent searching & scrolling here….

Frax Finance

12 Dec 2024 00:06

alright read the news today about rebranding. Love the idea to invest into the treasury, how do I open a prpoposal to ditch ETH and only buy BTC?

Frax Finance

11 Dec 2024 23:53

Sorry, I only version like Donald Knuth

Frax Finance

11 Dec 2024 23:49

3.1) we get multi-chain DA and north-star hard fork

Frax Finance

11 Dec 2024 23:47

Let me make it more simple for you:

1.) You don't have to do anything at all right now.
2.) There will be a gov vote to turn on veFXS multitoken rewards. Enjoy the rewards/yield when it starts.
3.) There will be a gov vote on launching Frax USD, the Frax stablecoin v1 will always continue to work as normal and everything functions the same forever. You can upgrade the v1 stablecoin 1 to 1 any time to Frax USD.
4.) ???
5.) Profit

Frax Finance

11 Dec 2024 23:44

To be fair, the whole vision isn't out yet

Frax Finance

11 Dec 2024 23:40

Does FMA pump our bags somehow or is it just nice to not have middlemen?

Frax Finance

11 Dec 2024 23:38

Yes, everything works the same and smoothly. No changes to any of that stuff.

Frax Finance

11 Dec 2024 23:24

good question, probably yes

Frax Finance

11 Dec 2024 23:15

That would be the greatest of all custodian to reveal wouldn't it? I think you're getting it now why Frax USD is the new mint/redeemable design. Sets the stage nicely 😉

Frax Finance

12 Dec 2024 01:31

I would chose BTC or even CVX over Eth. But seeing how much Eth is being bought by tradfi maybe someone knows something

Frax Finance

12 Dec 2024 01:12

Why don’t you like eth?

Frax Finance

12 Dec 2024 00:48

there is no second best

Frax Finance

12 Dec 2024 00:37

i think youre better off buying MSTR 🤷‍♂

Frax Finance

12 Dec 2024 00:28

Great question, wanted to ask more about tokenomics and if we gonna play the same playbook with bribe and FXS incentive

Frax Finance

12 Dec 2024 00:08

Decentralized governance and a good word to Convex

Frax Finance

12 Dec 2024 00:00

If veFRAX holders receive FXBs as rewards, is there a thought process on incentivizing pools with FXB or frxUSD vs FRAX (formerly FXS)?

Currently all pools are incentivized with FXS or, possibly a partner governance token like crv.

Would we no longer incentivize pools with FXS?

Frax Finance

11 Dec 2024 23:50

3.14) veFXS to veFRAX governance vote

Frax Finance

11 Dec 2024 23:49

It really can't be more simple than that sir. New users just enjoy Frax USD, new veFXS yields. OG users enjoy the same. Just stay tuned for parts 2 and 3.

Frax Finance

11 Dec 2024 23:47

In order for billions of people to use it and every day everything should be implemented as friendly as possible and in one click like Meme tokens))

Frax Finance

11 Dec 2024 23:42

With the publication of the vision, everything became even more confusing, and the implementation deadlines became uncertain. We believe in the team that it will be possible to implement everything planned in a short time.

Frax Finance

11 Dec 2024 23:39

You'll see. But what I will say is that our goal is to keep Frax USD as decentralized and non-custodial (bearer asset) as possible. We're not going the Maker USDS route. No plans for blacklists.

Frax Finance

11 Dec 2024 23:28

So with this new fraxtal road map coming, the fxs(frax) halving with not be effected and it's still coming in 20 Dec?

Frax Finance

11 Dec 2024 23:21

whats gonna be the diff between the fiat fma coin vs the decentralized coin if theyre the same? is frxusd gonna have a freeze func?

Frax Finance

11 Dec 2024 23:12

is FMA coming out too?