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our FraxNet rewards track the risk-free rate, so they will drop slightly as well
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I would dare to say... We don't need it anymore
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its not that big of a deal tbh when you can just layerzero right back. im probably the only one doing it haha
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i just think its confusing having 2 frxETHs per chain. not sure what the solution is
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or maybe find a way to alert the user that frxeth layerzero is not the same as the frxeth that has pools on arb
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Court denies issuance of Fed Master Account.
https://x.com/martypartymusic/status/1984285079481491760
Sean dropped this teaser. Not sure if it’s related to this announcement.
/channel/fraxfinance/429238
And fiat can be seen as debt from Central bank 😁
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credit card is not fiat, its converting debt to crypto :)
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coinbase offers a few options for converting / trading tokens to fiat, all have different fees, right now i can trade from USDC to GBP for 0.4% taker or 0.25% maker. these seem to be lower then the fees your quoting. the introduction fee level for coinbase advanced is 1.2% / 0.6% which is also lower then your quote. i dont think ive ever paid more then 2% for a conversion on any exchange.
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No ETA yet, we will communicate with the community members accordingly. Stay tuned
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FrxGM ⚔ - have a nice weekend and good vibes - just Frax it 🆙
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still better than you will see at any bank. onchain neobanks are built different
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Will frax net still offer 3.75% after the interest rate drop from the Feds
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Yeah, the L0 integration is pretty awesome. It is how I bridge everywhere these days.
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Totally fair. One of them is axelar, right? Dont they typically have something at the end like USDC.e or something? I feel like a non-native version should not be using frxETH symbol, but rather frxETH.bridged_version
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hmm. Thats tough though, right?
Creating pools are autonomous, so, would it be Frax's responsibility to know all pools on a chain?
Wouldnt it be Frax's responsibility to provide the L0 bridging and thats it? If L0 works for frxETH to arbitrum, I struggle to see where Frax's responsibility starts and ends with advising users about the pools and liquidity for it.
That being said, I do feel as though Frax should try to have proper liquidity for frxETH on Arb which I am sure is a goal, just, not sure about their responsibility to warn users.
Think of it like this, lets say, one day, Frax L0 bridge goes to 1k different chains. Is it Frax's responsibility to track all of them and warn users about liquidity? I do see the value, but, not sure about how realistic it is.
you should just disable frxeth layerzero bridging to arbitrum.. nothing there recognizes it as far as i can tell
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https://x.com/linasbeliunas/status/1983925459579437152?s=46&t=0DwEZHXjuJYvM3vbA-1g1g
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i dont actually think we can use credit cards to buy crypto in the uk, but ive never looked in to it
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Use limit orders to sell and should not be really much of a fee. I think maker fee is 0.2% for stables on kraken. I have done this in kraken many times. The conversion features will rip you off that cex seem to provide.
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https://x.com/missionfirstmio/status/1984240173719158852
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Any ETA on widening fraxnet to non US users (currently SSN field required for KYC)
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