Frax Finance

09 Dec 2024 05:44

dunno most of us day1 lockers (biggest % i think )are unlocking in 5months and the rest (pitch sd cvx frax team are perma locking

Frax Finance

09 Dec 2024 05:40

have fxbs as rewards

even tho not all but im sure a big amount just claim and sell their yielded fxs ( or sell later) in the end its value leaving

Frax Finance

09 Dec 2024 03:09

@c2tp_eth

Frax Finance

09 Dec 2024 02:36

Should find out more about fxtl later this month. A series of announcements starts on the 11th.

Frax Finance

09 Dec 2024 01:28

Easily an extra 5-10% APR

...Could also make people work for the ragequit tokens and provide value with some discount/incentive

Frax Finance

09 Dec 2024 01:04

im not worried, im not the one that will have to tell everyone that FRAX is not a stable coin anymore 100 times a days for months.

Frax Finance

09 Dec 2024 00:56

If Frax is going to be as big as everyone knows it will, 99% of people that are going to interact with or even discover Frax have not even done so yet. Don't worry about these things. It will naturally be smooth in a progressive manner with all stablecoins becoming frxUSD in the coming weeks. There's professional and right ways to upgrade tokens (for example what Instadapp is doing with INST-->FLUID) and there's confusing and ill-planned ways. Frax's upgrades have been planned and worked on for a while to make sure it will not be an issue.

Frax Finance

09 Dec 2024 00:52

Couldn't be more wrong. Everyone will use frxUSD in the coming weeks. Just relax.

Frax Finance

09 Dec 2024 00:51

every time they say "frax" they will have to say if they mean the share or the stable coin, so it will become "FRAX shares" or "FRAX the stable coin" just so people can avoid confusion

Frax Finance

09 Dec 2024 00:46

no one will ever call it frax

Frax Finance

09 Dec 2024 00:44

dont we already have bonds

Frax Finance

09 Dec 2024 00:43

Frax want to be the digital commodity/money of the Nation

You can see veFRAX as bonds for the money

Frax Finance

09 Dec 2024 00:32

? the stable coin is money, FXS is shares

Frax Finance

09 Dec 2024 00:31

FXS needs to be money, buy back and distribute to veFXS does not assist with that

Frax Finance

09 Dec 2024 00:14

if the rage quit option was added to veFXS and all the liquidity pools then it could become a pretty big earner for the people in veFXS.

Frax Finance

09 Dec 2024 05:41

idk all of my know dudes (day1/presale) call fxs frax (or the whole eco frax)

Frax Finance

09 Dec 2024 03:11

At least part of it is because less than 100% of cvxFXS is staked. Not sure if that explains the whole discrepancy though.

Frax Finance

09 Dec 2024 03:08

there is 10% vAPR on cvxFXS, much higher than veFXS, where does it come from?

Frax Finance

09 Dec 2024 01:30

i think there would be a spike in the first few week and then settle down to 3-5%

Frax Finance

09 Dec 2024 01:16

That’s what the Mods are for lol

Frax Finance

09 Dec 2024 00:58

if frax is gonna be frxusd whats the name for fma deposits? also frxusd?

Frax Finance

09 Dec 2024 00:53

there will be people coming in here in 2-3 years time to ask about their locked up FXS, they will have no idea about the name change

Frax Finance

09 Dec 2024 00:51

well i guess it could also be "frax the protocol"

Frax Finance

09 Dec 2024 00:49

What will they call it then?

Frax Finance

09 Dec 2024 00:45

i mean after the ticker change FXS > Frax

Frax Finance

09 Dec 2024 00:43

Its a pity bro, hex had outstanding gains

Frax Finance

09 Dec 2024 00:34

for money to work it need to move from person to person many times over. locking something up wont help this.

Frax Finance

09 Dec 2024 00:31

i just assume it would be when that richard guy was launching it.

Frax Finance

09 Dec 2024 00:22

i looked at them many years ago, just seemed shady. i understand they had a rage quit system, but i dont remember them having any other income source

Frax Finance

08 Dec 2024 23:43

Agree, I just meaned you don’t specially need people to lock and earn yield to make valuable the asset