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Telegram-канал fraxfinance - Frax Finance

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The official Telegram group for Frax. https://frax.finance/ codebase: https://github.com/fraxfinance twitter: https://twitter.com/fraxfinance news: @fraxfinancenews trading: @fraxtrading

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Frax Finance

Feel free to join our Chinese Telegram group

/channel/Frax_Finance_China

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Frax Finance

@samkazemian kindly check DM

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Frax Finance

our FraxNet rewards track the risk-free rate, so they will drop slightly as well

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Frax Finance

I would dare to say... We don't need it anymore

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Frax Finance

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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Frax Finance

i just think its confusing having 2 frxETHs per chain. not sure what the solution is

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Frax Finance

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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Frax Finance

Court denies issuance of Fed Master Account.

https://x.com/martypartymusic/status/1984285079481491760

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Frax Finance

Sean dropped this teaser. Not sure if it’s related to this announcement.

/channel/fraxfinance/429238

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Frax Finance

This is like fraxnet with distribution

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Frax Finance

And fiat can be seen as debt from Central bank 😁

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Frax Finance

credit card is not fiat, its converting debt to crypto :)

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Frax Finance

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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Frax Finance

A new short Marketing video landed on X 👀

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Frax Finance

No ETA yet, we will communicate with the community members accordingly. Stay tuned

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Frax Finance

FrxGM ⚔ - have a nice weekend and good vibes - just Frax it 🆙

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Frax Finance

still better than you will see at any bank. onchain neobanks are built different

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Frax Finance

Will frax net still offer 3.75% after the interest rate drop from the Feds

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Frax Finance

Yeah, the L0 integration is pretty awesome. It is how I bridge everywhere these days.

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Frax Finance

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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Frax Finance

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.

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Frax Finance

you should just disable frxeth layerzero bridging to arbitrum.. nothing there recognizes it as far as i can tell

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Frax Finance

frxUSD backing up to $123m

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Frax Finance

what infra they use?

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Frax Finance

https://x.com/linasbeliunas/status/1983925459579437152?s=46&t=0DwEZHXjuJYvM3vbA-1g1g

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Frax Finance

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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Frax Finance

You are right the 2-5% involves credit card

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Frax Finance

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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Frax Finance

https://x.com/missionfirstmio/status/1984240173719158852

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Frax Finance

Any ETA on widening fraxnet to non US users (currently SSN field required for KYC)

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