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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
Changing the name is futile. Resources should be invested in promoting various excellent products of FRAX. I think we can learn from Pendle because their protocol is so complex.
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Should change FPI, since we are making everything obvious, FPI should be as well. FPI is also not that integrated into stuff yet, so probably quite low hanging
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Just do it simple. Only need to change 3 tokens, FXS to Frax, Frax to frxUSD and FPI to frxFLAT. No point creating more work for little to no extra benefit imo 🤷♂️
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FRAX is good as an unique name, there are so much coins outside with the name USD.. In my opinion, if we are to follow the "USD" naming, it makes me feel like we are just ordinary market follower, it won't stand out from the peer.
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Yea I mean you can make changes but better to think a bit more how to introduce it or choose different names
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You'll have at least 6 months of "wait is FRAX now the token? I thought it was a stablecoin what happened"
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https://x.com/internfrax/status/1840013559096365340?s=46&t=DBn4XNK_CYwIpyzOignGIg
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When you de rebrandings or name changes the whole point would be to have a marketing edge over the old branding/names. So would be good to think a bit more thoroughly instead of yoloing it
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I would leave FXS imo. People will be confused or make mistakes thinking its a stablecoin in the next months not knowing the name is changed and will FUD depegging or w/e. I dont get why it has to go from FXS to FRAX. What is the beneficial marketing edge here?
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This cannot be the correct reason intuitively because it implies there should be a gradual flow of points to wallets but from my POV points aren’t accruing at all
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This is actually a huge announcement, weird I have not seen it more.
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FPI is not easy to understand what is without reading the docs
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Yeah maybe, idk one letter add is better for me, when you see frx before you don’t know who issue the token vs frax if you have just one time hearing about the frax project « Oh okay that from them »
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Probably don’t event need to change the FPI just the first 2 you mentioned
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In fact USDfrax is easy to recognize the brand even more if all money we issue are like that, ETHfrax, BTCfrax, I agree on the USD side we have already so much token and it’s hard to know who issue them.
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Maybe a bit yeah, but we can make clear information on X and the dashboard of Frax Protocol etc, if we do it good I see it very benificial and easiest to promote
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And better to do something like that now vs latter, we still have little overall holder
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If FRAX = USDfrax it’s not pretty hard, but yeah i have concern about how to do it in a clean way
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Also if FXS becomes FRAX, every pool everywhere and on every website it has to be changed and not everybody is following this chat or the socials. There going to be many people confused not understanding what happened and may get scared when they see FRAX (what they perceived to be a stablecoin) not be $1.00. Although it wil be $2.34 and short term this may be good marketing lol
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Rather leave FXS (or choose another name than Frax). And if USDX is taken perhaps USDfxs (although long) or USDf
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https://x.com/internfrax/status/1839994695377703173?s=46&t=DBn4XNK_CYwIpyzOignGIg tought guys?
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Wow, Fraxtal too? https://x.com/Optimism/status/1839334570027864346
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