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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
Permit me to use this opportunity to say a very BIG thanks to you all that wished me well on my birthday.
You all shall continue to live in good health and enough wealth.
Thank you all, I love you all.
Check here 👆 from Sam: I remember Sam criticising that review immediately after the release.
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I guess we should probably mass-leave a feedback as a community that the rating is now outdated and that the CR is near 100%
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The point difference between the leaderboard and the chain data, we allocate points with delay sufficient for us to verify that everything is in order and no points are missing, while the leaderboard estimates the points in near real time.
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When will on chain FXTL balance match Flox Leaderboard balance?
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https://x.com/karak_network/status/1838587084187337137?s=52
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So, enlarging $FRAX usage can add value to the frax network
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If thinking of value instead of price, $FXS value comes from its ecosystem's adoptions; the more ecosystem being used, the more value is added to $FXS, the same as $BTC and $ETH
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Dont forget the CRV liquidation which affected Fraxlend numbers too:
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@OGohmie, you are probably looking at a larger time frame, but, I dont see that the sfrxETH dropoff was the catalyst. Maybe I am missing a data point.
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Fraxlend (on ETH) for sfrxETH went down $43M over the last few months and sfrxETH only went down $20M
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frax needs to fund its own independent review that gives frax A+ and our competitors below average grades
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I mean it's just outdated, a simple message from sam will likely suffice
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@samkazemian Bluechip: https://bluechip.org/coins/frax shows a 84% CR for FRAX which negatively affects its rating. I think you should reach out to them. Very trusted DB for stablecoin ratings.
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Is there a visual on how cvxfxs 6% APR is generated? Is there a convex contract that buys fxs?
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Or at least what is the reason they aren’t in sync
Not complaining just curious
The fee collected from the frax ecosystem is part of the monetary value. Just a very tiny bit.
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"being used" means user/address number and activities.
It is far too early to figure out how to monetise fax user/address and activities.
On a longer time frame, I see that frxETH went from $279M to $182M. That is a bigger hit.
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Fraxlend, overall, has decreased in borrowed assets by about $66M over the last seeral months
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