Frax Finance

01 Apr 2025 19:56

If you wouldn't mind, @QrayonS I would love for the two of you to send me your reading materials.

I hate to admit it, but as the years have ticked by and I've become much more "narrowed", ive lost sight and knowledge of the core mechanisms, consensus, and cryptography that enthralled and captivated me to begin with. It makes me chuckle sometimes in a weird way that I have gathered all this "niche" specialized web3 knowledge but my knowledge of actual core basic principles has significantly eroded over time/:

Frax Finance

01 Apr 2025 19:06

its all good.. cant recreate yet.. i submited the prove

Frax Finance

01 Apr 2025 18:38

Thanks for your reply! I am also a bankless listener and enjoyed the recent Robinhood interview.

I just started Economics & Math of Token Engineering and DeFi by Lisa Tan. So far I'm enjoying it; it focuses on system design so it still seems relevant even though it's a few years old.

I'm also reading Mastering Blockchain by Imran Bashir. It's getting outdated a bit faster, but covers a lot of fundamentals like cryptography and Merkel trees so I'm still finding it educational.

Frax Finance

01 Apr 2025 17:46

anyone know if the only option for BAL on Fraxtal is still to 7 day bridge back to mainnet?

Frax Finance

01 Apr 2025 17:24

Hi @samkazemian can you please check my dm

Frax Finance

01 Apr 2025 16:55

@samkazemian Have you read any good books recently that you would recommend? Particularly anything related to Blockchain or economics?

Frax Finance

01 Apr 2025 13:43

Perhaps this will give the outside world a significant impact on the valuation of stablecoin, as the largest compliant stablecoin in the United States

Frax Finance

01 Apr 2025 13:33

tether had 13B profit in 2024. what's their valuation?

Frax Finance

01 Apr 2025 13:30

they should wait until next year when stablecoins are legal tender

Frax Finance

01 Apr 2025 11:05

Hello ser. We are not interested in listing, OTC, liquidity or marketing services. You are free to list and market us for free if you want to as we are a decentralized project, so you do not need our permission.

Frax Finance

01 Apr 2025 11:00

Hi there’s some things to discuss before listing such as free services we offered and requirements 😊

Frax Finance

01 Apr 2025 10:04

🇺🇸 US Stablecoin Legislation: GENIUS vs STABLE – Which Law Will Rule the Market?

Two major stablecoin bills are competing in the US Congress, the GENIUS Act and the STABLE Act, and are expected to be enacted this year. While both aim to institutionalize stablecoin issuance and provide regulatory clarity, there are notable differences in the specifics.

🏛 Differences in key bills: GENIUS Act vs STABLE Act

- GENIUS allows issuance of interest-bearing, algorithmic stablecoins, STABLE prohibits it

🪙 Hidden intentions of STABLE Act

- The ‘No Interest’ regulation is intended to avoid SEC jurisdiction by making it clear that it is not a security in the law
- Interest-bearing stablecoins can be considered a threat to financial stability

Therefore, by designing it to prevent interest payments themselves, SEC jurisdiction is avoided and the banking system is protected

ℹ️ Beneficiaries and threatened entities if STABLE Act is passed

✔️ Beneficiaries: Big Tech, banks, Circle, Paxos

- Big Tech and banks -> Can issue their own stablecoins
- US-based issuers such as Circle and Paxos - Increased credibility by entering the institutional system

❌ Threatened entities: Frax, DAI, Ondo, Usual, etc.

- Interest-bearing, algorithmic stablecoins may be illegal in the US
- DAI, Ondo, Usual, etc. are currently Conditionally, there is a risk of being kicked out of the US market

🇺🇸 Not just a US issue

- US = Rule maker of global finance -> Stablecoin regulation could soon become a global standard

✍️Conclusion: In the end, it's a choice between innovation vs. stability, but in the big picture, it's inevitable that stablecoins will become mainstream infrastructure

Source: Leviathan News

Frax Finance

01 Apr 2025 09:18

hi Who is the right person I can discuss to a listing invitation with?thanks 😊

Frax Finance

01 Apr 2025 08:17

https://x.com/dTRINITY_DeFi/status/1906953133449748965

Frax Finance

01 Apr 2025 06:56

Nothing needs to be done. It will just convert to frxUSD/frxETH pool in the AMM since frxETH will be in the same token address and an ERC20 token no longer needing to be 'wrapped.'

Frax Finance

01 Apr 2025 19:51

I used to support Robinhood, before they went turncoat and betrayed the same people they built their empire supporting (the "average" American). Their true colors flew high and disgracefully proud when they sided with Wallstreet and illegally ceased trading of the Gamestop stock to save the billionaire hedgefunds.

And from that day I have vowed to tell the story on repeat at every opportunity.

Sellouts. Traitors. Might as well be thieves imo.

Frax Finance

01 Apr 2025 19:02

i had refreshed several times, and disconnect reconnect.. but its gone now

Frax Finance

01 Apr 2025 17:49

Hello ser. You can go to frax.com and input the contract into the website there (in the swap module, it will give you a option to bridge). If it says 7 days, that is most likely the only viable option. You can also explore third-party bridges and check if there is any alternatives.

Frax Finance

01 Apr 2025 17:25

Hello ser. We are not interested in listing, OTC, liquidity or marketing services. You are free to list and market us for free if you want to as we are a decentralized project, so you do not need our permission.

Frax Finance

01 Apr 2025 17:23

You didn’t ask me but I want to answer 😂 Blockchain moves so fast, it is hard to read books about it imo. There is a ton of good books on economics, but would rather listen to podcasts for blockchain info as the landscape changes every 3-6 months. I personally like a lot of the Bankless content, they get a lot of shit, but they have some good guests that bridge the gap between tradfi and DeFi and gives you a perspective on where the real usecases will be. New one with the Robinhood guy for example. Quite interesting with a lot of their crypto episodes. They also have a lot of meh content though. Especially toward AI as that industry is still super young.

Frax Finance

01 Apr 2025 13:44

Perhaps companies that can clearly calculate profits are not valued too highly😂

Frax Finance

01 Apr 2025 13:38

I would say that's a low valuation and I'd scoop it up. They had like $2B in revenue last year and I can't imagine they have high operating expenses.

Frax Finance

01 Apr 2025 13:32

also valuations are just guesses as to what demand will be. macro market forces play a big part. they are low-balling themselves as part of a rush to ipo is my guess

Frax Finance

01 Apr 2025 13:23

usdc's TVL50 billion and the ipo valuation is only about 5 billion, how to look at this problem, is the valuation of stablecoins so low?

Frax Finance

01 Apr 2025 11:01

hey, i'm nancy. may i know who should i contact for cooperation?

Frax Finance

01 Apr 2025 10:55

You're to free list our token, you don't need any permission.

Frax Finance

01 Apr 2025 10:03

Regarding cards, @samkazemian I think you mentioned you are working with a frax solution. In case it helps, check this one backed by ycombinator https://cypherhq.io/card/#plans

Frax Finance

01 Apr 2025 08:23

any update on getting on berachain?

Frax Finance

01 Apr 2025 06:57

If it was the raw frxETH gas token, you'd have to do something, but not for the ERC20 version, you're fine.

Frax Finance

01 Apr 2025 06:55

Anything we need to do if wfrxETH is in a pool ?

Example, frxUSD/wfrxETH pool.

Would incentives stop for that pool?