Frax Finance

12 Dec 2024 20:01

would he get bribes for the voting power ?

Frax Finance

12 Dec 2024 19:38

Will frax launch on hyperliquid chain?

Frax Finance

12 Dec 2024 19:38

Sounds something like Agent Tokenization Platform?

Frax Finance

12 Dec 2024 19:17

all roads lead to FXS, unless they lead to sfrxUSD :)

Frax Finance

12 Dec 2024 19:14

Believe so, and it delivers the best possible yields in different market conditions

Frax Finance

12 Dec 2024 19:11

https://x.com/PaulFrambot/status/1867228335190798715

Frax Finance

12 Dec 2024 19:11

i think CAKE , convex, curve, FRAX magpie, stakeDAO and a few others will all merge in to one massive project over the next 20 years.

Frax Finance

12 Dec 2024 19:10

sfrxUSD is gonna be the focus I guess

Frax Finance

12 Dec 2024 19:08

I personally went for FPIS as I think that the collateral is going to be super useful, not only the revenue. So, you can capitalize on cvxFXS price to get as much FPIS as possible

Frax Finance

12 Dec 2024 19:05

I like sdFXS because of the retained voting rights

Frax Finance

12 Dec 2024 19:03

im about to deploy more capital in to the market and FXS is now on my shopping list. but how i will invest is still to be confirmed... tempted to go with sdFXS

Frax Finance

12 Dec 2024 18:46

I only did it since it's so new and the tokens haven't changed yet. Once the change is live I won't do it anymore.

Frax Finance

12 Dec 2024 18:36

Exactly as it should be :)

Frax Finance

12 Dec 2024 18:34

i suspect here will be a vote, but doubt we will see it get rejected. nor do i see a reason to reject it.

Frax Finance

12 Dec 2024 18:33

Hard fork neeeds vote?

Frax Finance

12 Dec 2024 19:40

You get boosted weighting for revenue distribution and voting. You can swap your FXBs for ETH or BTC if you'd like

Frax Finance

12 Dec 2024 19:38

May God catch you well positioned

Frax Finance

12 Dec 2024 19:22

I have a question about veFRAX (formerly veFXS): I buy FRAX(FXS) for $100, lock it for 4 years and get veFRAX during which I get paid FXB, which I can convert over time into frxUSD. What is my benefit here if I believe in ETH and BTC? In essence, FRAX Finance borrows my money and buys ETH and BTC with it? Can you explain it to me with an example please? What benefits I get if I’ll lock FRAX?

Frax Finance

12 Dec 2024 19:16

I’m still not quite sure how our mstr eth strategy gonna work, the X announcement says we using the revenue to purchase btc and eth, that’s not mstr. And the flywheel podcast mentions issuing bonds but it’s very vague.

Frax Finance

12 Dec 2024 19:12

Trump could be paying us for our voting power :)

Frax Finance

12 Dec 2024 19:11

the mega bribe ultimate market project

Frax Finance

12 Dec 2024 19:11

FPIS will get converted to FXS to a ratio of 2.5FPIS:FXS. As convex is doing the 3FPIS:1cvxFXS, you can get it at a good price (cvxFXS price and 3:1 ratio)

Frax Finance

12 Dec 2024 19:09

FPIS is a dead end token tho right? we already know when its death will happen.

Frax Finance

12 Dec 2024 19:07

im already exposed to cvxFXS to a small degree and am looking to get more exposure to convex via dTRINTY . but i have little exposure to stakeDAO right now. tempted with sdCAKE and sdFXS

Frax Finance

12 Dec 2024 19:04

my intution is that if CVX is a strategic asset, cvxFXS might be good play and in a good discount

Frax Finance

12 Dec 2024 18:53

Used to give the last tail emissions of FRAX the scarce asset

Frax Finance

12 Dec 2024 18:37

whats that .. your gonna mint a few FXS and reward veFXS holders just before the swap, to round the total number up to 100m :)

Frax Finance

12 Dec 2024 18:35

To execute the hardfork we do a vote, but after the hardfork and after validators are decentralized, even a token holder vote can't undo immutable variables. Only coordinated hardforks can do that and even those just create a new chain, not change those variables. Think about it like this: it will be as technically hard to change the FRAX supply as it is hard to change the BTC or ETH supply.

Frax Finance

12 Dec 2024 18:33

Can’t just screw with immutable stuff without a dao vote no?

Frax Finance

12 Dec 2024 18:32

And the tokens haven’t switched yet