Frax Finance

07 Jan 2025 11:16

Congratulation team on the new UI launch.. this is great progress.

Some feedback:

- ETH should be added to "stake" (at least I ended up looking for it and did not find it)

- there should be a "lend/borrow" tab (same - was looking for it but couldn't find it; guess BAMM would be included here as well)

- not sure if we need a "mint" for FRAX, FPI (which is invisitble atm) and frxETH?

after all of this additions the interface would still be clean/minimal, intuitive yet complete from products visitbility stand point

maybe all of this is already planned in the next iteration but just wanted to post my first 5 mins of using it take :D

Frax Finance

07 Jan 2025 10:22

US Treasury Bonds with a Market Cap of $28.2 Trillion and + Crypto Carry Fund . $fxs cap 1b usd this month and stepping stone to higher cap

Frax Finance

07 Jan 2025 10:09

is our priced manipulated? I had hope to see at least 1 god candle since the Blackrock news

Frax Finance

07 Jan 2025 10:06

Had a go on new interface. Was slick for Earn on Frax trades. However says "swap, bridge, earn" couldn't work out how to bridge

Frax Finance

07 Jan 2025 10:04

Fair enough. But, it seems like you are well acquainted with their product and the underlying curve pool.. if you wanted reassurance, it sounds like most of us agree it's probably more volatile than stable due to the nature of the timeline of the bond and the unpredictability of markets

Frax Finance

07 Jan 2025 10:02

Sure it might be their fault but we can protect our assets & community doesnt matter whose fault it is :) so throwing the idea here to discuss. Not pointing fingers

Frax Finance

07 Jan 2025 09:59

@ustunuzum with all due respect, Beefy chose that label, not Frax. Your words would have more effect taking your concerns to them

Frax Finance

07 Jan 2025 09:58

Sure yeah, thats why pointed the a value 8, tvl is 3m+, seems it can handle higher A (not an expert with curve params here cant point to exact best config)

Frax Finance

07 Jan 2025 09:57

The liquidity of the Curve pool also is not under our direct control.

Frax Finance

07 Jan 2025 09:53

It is listed as stable on beefy website ser. That counts for being brought to market as a stable product.

Frax Finance

07 Jan 2025 09:52

Where did we market it as a stable pool? All that is guaranteed by the bond is that it is redeemable for 1 FRAX per FXB on Jan 1 2056. What happens in the pools is market determined.

Frax Finance

07 Jan 2025 09:40

at the moment with more leverage in the market I guess they will be deploying in fraxlend and future carry trade. The website has assets listd

Frax Finance

07 Jan 2025 09:39

Ok but what are examples of these yield strategies?

Frax Finance

07 Jan 2025 09:32

Been in the fxb pools for past 3 months. (And will continue to be) Started to feel fxb2055 specificly should not be marketed as stable pool. It is somewhat misleading and u can read in beefy discord that people are complaining that its listed as stable but price depreciates every week. Suggestion is to either, optimise A values for those pools to reduce slippage (with its current tvl that should be possible) or not advertise as stable or with greater warnings, given it is creating bad user experience for someone that thinks it is stable only by seeing it on beefy.

Frax Finance

07 Jan 2025 09:25

where does the yield from sFrax (sfrxUSD in the future) come from?

Frax Finance

07 Jan 2025 10:27

With the advent of frxETH V2, can the yield for staking frxETH become higher?

Frax Finance

07 Jan 2025 10:10

Now we are moving to zero/fixed rate yields thats tricky on classifications with stables as you take Vol on capital value unless zoom out and are hold to maturity. Shorter dates just have pull to par which is strong which is why tradfi likes zeros

Frax Finance

07 Jan 2025 10:06

No rudeness ser. Just discussing nothing personal :)

Frax Finance

07 Jan 2025 10:05

I'm not intending to sound rude.. im just saying there's not much we can do about it is all

Frax Finance

07 Jan 2025 10:03

Didnt consider that tbf.. Will see how desmos will treat me if i can do some tests. However thatd likely be forfeiting fxtl points but yeah

Frax Finance

07 Jan 2025 10:00

I mean technically whoever is LPing that can factory another Curve pool if they wanted to and set the A. They might be able to ramp the A factor on the current one IIRC

Frax Finance

07 Jan 2025 09:59

We can't control what outside parties label frax products. Thats impossible.

Frax Finance

07 Jan 2025 09:57

Also i am aware how bonds work and i’ll continue to use them. Been in fraxtal for ages and i like it. I’m just pointing the stable wording not holding up. You can see complaints increasing over past months. Just wanted to say the wording stable is likely not setting these up for success or increasing friction around them.

Frax Finance

07 Jan 2025 09:55

In theory, the market price of the bond should slowly rise to 1 FRAX over the next 31 years. If Beefy is calling that stable, I don't know what to say.

Frax Finance

07 Jan 2025 09:53

You mean that Curve calls it a StableSwap?

Frax Finance

07 Jan 2025 09:42

Need help with understanding the difference between the 2 wbtc/Frax pairs on fraxlend. One has a high borrow rate and the other a low borrow rate. Why are there two pairs?

Frax Finance

07 Jan 2025 09:40

Read tweet threads in frax twitter from month of december. They go thru yield strategies.

Frax Finance

07 Jan 2025 09:38

Protocol tales Frax and deploys in yield strategies. Simplistically Like a bank you take a deposit and invest. vsFXS benefit by profit made

Frax Finance

07 Jan 2025 09:25

and how do veFXS holders benefit

Frax Finance

07 Jan 2025 09:15

@FortisFortuna_89 @justnow088 please see dm