Frax Finance

12 Dec 2024 02:11

I think a lot of people are just confused by price action and the bottoming that is occuring. In a few months you will all think eth is the future of finance again

Frax Finance

12 Dec 2024 02:10

i can just chat here

Frax Finance

12 Dec 2024 02:08

i also tried using fraxberry to bridge back to Eth network it gives error, Not submitted, transaction would revert due to: STF

Frax Finance

12 Dec 2024 02:07

im trying to make Txs and they keep failing due to insufficient gas but i am showing .05 frxeth. any advice?

Frax Finance

12 Dec 2024 02:05

Zoom out it’s not that hard to see what’s happening

Frax Finance

12 Dec 2024 02:05

2016 .007 bitcoin 2020 .016 bitcoin 2024 .034 bitcoin

Frax Finance

12 Dec 2024 02:02

yeah and for the last 5 years it underperformed

Frax Finance

12 Dec 2024 02:00

It just made a higher low

Frax Finance

12 Dec 2024 01:48

everyone who's been in this space since before 2020 shares these symptoms.

Frax Finance

12 Dec 2024 01:45

Clearly market is saying btc way more valuable

Frax Finance

12 Dec 2024 01:44

Oh youre mentally ill. ok

Frax Finance

12 Dec 2024 01:41

lol you’re still using those maxi talking points?

Frax Finance

12 Dec 2024 01:41

dont forget that BTC is decentralized while the ETH is directed by a very peculiar and unpredictable creature that our technology doesn't permit us to understand yet

Frax Finance

12 Dec 2024 01:38

The financial system will come to it

Frax Finance

12 Dec 2024 01:38

@samkazemian curious to your plan when rates drop. Hypothetically, if we can go to 0% rate environment, staked frxusd would be dead money. Buying treasuries would be worthless with protocol earnings. I think FRAX should compete with microstrategy in gobbling up btc somehow. Strategic reserve should be majority btc over eth imo

Frax Finance

12 Dec 2024 02:11

What RPC are you using?

Frax Finance

12 Dec 2024 02:09

The economics for Eth could be improved. Market only wants things to be faster and cheaper which means less burning over time as tech improves or users go elsewhere. Triple halving narrative has come and gone and supply is creeping up.

Bullish on Eth as a network/technology otherwise.

Frax Finance

12 Dec 2024 02:08

I bet eth blow out top on bitcoin way higher this cycle than it was in 2017

Frax Finance

12 Dec 2024 02:06

You would think bitcoin maxis would have higher time preference

Frax Finance

12 Dec 2024 02:05

Almost like it’s doubling bitcoin returns

Frax Finance

12 Dec 2024 02:03

Higher low every cycle

Frax Finance

12 Dec 2024 02:01

It’s worth 2x as much bitcoin as it was in 2020

Frax Finance

12 Dec 2024 01:56

But this 10m also can be converteds to sfrxETH for the long therm FXBs given as rewards?

Frax Finance

12 Dec 2024 01:46

@WethWood can u help me, i got a problem with Fraxtal bridge

Frax Finance

12 Dec 2024 01:44

Market speaks for itself. Ethbtc has not broken new highs or even 2021 defi summer high…

Frax Finance

12 Dec 2024 01:43

we have a perfect asset that is meant as a store of value, a divine asset sent by God that checks all the requirements. Why adding anything to it when its perfect as it is, why diversifying

Frax Finance

12 Dec 2024 01:41

For fraxlend, lend apy is apy we get in the deposit token? Fxs on eth has lend apy 15%. So if 1 fxs deposited, after one year deposit would grow 1.15 fxs? Provided everything stays the same

Frax Finance

12 Dec 2024 01:40

Don't forget that ETH has the backing of JP Morgan

Frax Finance

12 Dec 2024 01:38

You guys are way to bearish for ETH

Frax Finance

12 Dec 2024 01:36

most of BTC bought by the current market players won't hit back the exchanges in at least a decade or even for ever.
This cant be applied to ETH which moves with altcoin market and will do the red candle when QT will start or even sooner