Frax Finance

13 Oct 2024 08:13

We will lose credibility, something that is a lot harder to earn imo. But whatever, we will see where it goes

Frax Finance

13 Oct 2024 08:12

its 'we can do that too' as you said

Frax Finance

13 Oct 2024 08:11

considering wif and pepe have double the mcap of aave & maker id say it would benefit them to do so

Frax Finance

13 Oct 2024 08:08

Beg to differ. Did Aave and Maker become famous outside of crypto and in retail because of memes, or because they were serious products first and foremost?

Its okey saying "we can do that too", but making it our main selling point is shooting ourself in the foot and loosing credibility. Crypto is about upgrading the existing financial sector. If our time horizon is 10+ years, big liquidity and modest gains is okey. Having managed to do that for 5+ years without any hacks or problems means more traditional players might be interested in parking funds here.

Frax Finance

13 Oct 2024 08:05

its evolved beyond a funny jpg/shitcoin at this point

Frax Finance

13 Oct 2024 07:59

memes are THE crypto sector. retail isnt interested in big liquidity and modest gains. might as well embrace it

Frax Finance

13 Oct 2024 07:39

https://x.com/winrprotocol/status/1838594204613697732

Frax Finance

13 Oct 2024 06:26

Also I want a frax slots / casino / cards 🃏 ♠️♥️♣️♦️🎰 emote for the discord @WethWood

Frax Finance

13 Oct 2024 06:18

In a market cycle where small market cap tokens or “meme coins” are swapped more frequently, BAMM’s structure allows these highly volatile tokens to be paired with FRAX for borrowing and lending, using liquidity from Fraxswap without external oracles. This ensures that Frax can support even highly speculative tokens by maintaining liquidity and avoiding frequent liquidations. As demand for liquidity rises for meme coin trading, BAMM generates trading fees and interest, creating steady revenue flows within the Frax ecosystem. This increases the demand for FXS as it accrues value through protocol fees and potentially buybacks, driving up the FXS price due to higher protocol utility and participation.

Frax Finance

13 Oct 2024 04:12

Precisely. Another great example of Frax timing things perfectly 👌 Just like Fraxtal launching in Feb 2024 before everyone else realized they need their own chain.

Frax Finance

13 Oct 2024 04:10

That's indeed the plan good sir. BAMM=Fraxtal's first killer app that changes the memecoin and defi landscape.

Frax Finance

13 Oct 2024 04:09

That's a great way to put it. BAMM is probably the most significant innovation to memecoin trading+launching since pump.fun itself.

Frax Finance

13 Oct 2024 03:13

The team will announced it once it’s done. Please keep an eye on our socials 👌🏻

Frax Finance

12 Oct 2024 23:10

With any stablecoin, there is depeg risk. If you try to earn yield, you may have smart contract risk. These are the same risks as any stablecoin

With FXS, if you hold it in hopes that value goes up, there is a risk that it doesn’t.

Frax Finance

12 Oct 2024 20:01

goated. thanks westwood 🔥

Frax Finance

13 Oct 2024 08:12

BAMM would not even matter for the biggest meme coins 🤷‍♂️😂

Frax Finance

13 Oct 2024 08:12

its not like frax is going to lose utility by embracing a meme identity

Frax Finance

13 Oct 2024 08:11

We should stop trying to do anything to get some hold in the current narrative to simply get some price action now. Imo Frax is better than that. Same with CVX, CRV and all the other DeFi protocols that has underperformed. Sounds like desperation to cling on to narratives even if we can facilitate them

Frax Finance

13 Oct 2024 08:05

pretty sure vitalik wrote a whole blog about it

Frax Finance

13 Oct 2024 08:04

also memes have become a way to network and build cultures

Frax Finance

13 Oct 2024 07:43

Isn't it better to just try and keep it professional and not try so hard to be related to gambling and memes lol. Just call BAMM a product that maximize liquidity effectivity, and that no other product comes close to the same effectivity, safety and trust. Don't understand the obsession to always try and play on the current narrative when we should be forming a narrative ourself. Nothing stops this DeFi train

Frax Finance

13 Oct 2024 07:17

I don't see the slot machines, but I'm not a meme guy. Why not partner with a protocol that already focus on that as it is not in the core element of a DeFi such as winr.games. However, they are a L3 in Arbitrum, so no part of OP which is not a good thing

Frax Finance

13 Oct 2024 06:24

@samkazemian when the team drops BAMM can you use the catchphrase:

“We built the decentralized central bank of crypto, and now we’re excited to release — the Balanced Automated Market Maker (BAMM), laying the foundation for the world’s decentralized casino infrastructure. BAMM enables liquidity for the wildest markets, supporting degen risk-takers and stablecoin utilitarians alike.”

Frax Finance

13 Oct 2024 06:12

Can we get a concise paragraph explaining how BAMM will benefit FXS holders?

Going to print it out and frame it and then hang it on my wall and write my seed phrase to an FXS only wallet on the back

Frax Finance

13 Oct 2024 04:10

We've been waiting for Bamm for a real long time, but i couldn't think of a better time than now to release it

Frax Finance

13 Oct 2024 04:09

yes! let's take the tail wind and make Frax nation great again!

Frax Finance

13 Oct 2024 04:08

@samkazemian, bamm is to meme coins what pendle is to points

Frax Finance

13 Oct 2024 02:57

When bamm for meme coin traders

Frax Finance

12 Oct 2024 21:00

What are the primary risks associated with holding FRAX and FXS tokens?

Frax Finance

12 Oct 2024 18:22

ICYM all the conversations on telegram this week i’ve summarized the main talking point in the discord: https://discord.com/channels/789823126966894612/1291933851970568192