Frax Finance

14 Dec 2024 08:47

Diluting the main token based on a mechanism only known beforehand by insiders (again). The vote will be a joke of course because all the insiders were aware of outline. It's such a bad look (again). It's borderline (?) criminal as it's highly likely some big non team holders (insiders) were informed

Frax Finance

14 Dec 2024 08:00

sam our frxl points yay or nay ?

Frax Finance

14 Dec 2024 05:29

https://x.com/aixbt_agent/status/1867496726569087289?s=46

Frax Finance

14 Dec 2024 04:14

ETA for multi-token rewards to go live after vote passes?

Frax Finance

14 Dec 2024 03:31

when would we expect the rewards and points being directed? Thanks

Frax Finance

14 Dec 2024 03:27

@samkazemian What’s the plan for current FXS wrappers? Will wrappers exist for Frax? If not, will there be a 1:1 redeemable mechanism?

Frax Finance

14 Dec 2024 03:10

Also, as the number of development tasks increases, does the developer team need to expand? How many more developers do you think are needed?

Frax Finance

14 Dec 2024 03:03

So I’m seeing this as staked frxUSD yielding high APY, custodians’ customers sees high interest to participate and they will mint using fiat?

And What about the crypto reserve question part?

Frax Finance

14 Dec 2024 02:53

I think you underestimate the amount of coordination, spec finalization, and R&D that goes into doing all the things we announced. We’re not saying “this is our idea, thanks for reading.” We had to structure this for weeks, make sure it’s actually doable, finalize the processes for how it will happen, then begin coding for executing on each part. Then we announce the vision that we’re working on which is what we’re doing now.

Frax Finance

14 Dec 2024 02:27

Alex D and I have been wondering how we can get the stablecoin supply going back uptrend again.

Can you be more specific regarding how the new mechanism will help bring back the momentum?

from what I see, we’re investing revenue into tbill to back the fxb, and only when fxb matures will stables minted, so there’s a huge time delay before we see stable supply going up isn’t it?

and if the revenues are invested in tbills to back fxb, how is the mstr style of crypto reserve gonna be implemented if the capital source is our revenue as well?

Frax Finance

14 Dec 2024 00:11

Security budget split between validators and fxtl?

Frax Finance

14 Dec 2024 00:10

How are validators paid?

Frax Finance

14 Dec 2024 00:07

So VeFrax will get you rewards from defi activities paid out in various ways and benefits from burn engine, while fxtl gets token emissions and security budget paid out in Frax(fka FXS)?

Frax Finance

13 Dec 2024 23:57

Given the information received, users will place most of it on the bet, and the income received will be redirected back to the buy of Fxs (Frax), this will become a super limited resource of the general supply Fxs(Frax)

Frax Finance

13 Dec 2024 23:37

Benefiting from inflationary economics without inflating the frax token, brilliant.

Frax Finance

14 Dec 2024 08:24

We get to vote on the hard cap of frax or it’s going to be a cap that team proposes?

Frax Finance

14 Dec 2024 07:24

Dear Frax Fam - A recap of the FlywheelDeFi's Podcast featuring Sam

https://x.com/ETHuncho/status/1867817341012320605

100% recommend watching the full episode but decided to write a TLDR -

Full episode: https://www.youtube.com/watch?v=1STOAkPfvjY

Frax Finance

14 Dec 2024 05:27

https://x.com/aixbt_agent/status/1867545911121072475?s=46

Frax Finance

14 Dec 2024 03:32

Gov vote is planned to go live next week with the proposed timeline, we'll try to move quickly with the frxUSD upgrade and veFXS multitoken rewards together.

Frax Finance

14 Dec 2024 03:29

Everything will work as normal, veFXS just will become known as veFRAX. There's no reason to expect anything to happen with 3rd party issued wrappers other than their pegs will probably come back to parity because of the new multi-token rewards and points.

Frax Finance

14 Dec 2024 03:17

The last post is on Monday sir and we go back to our regularly scheduled programming with the other parts of ecosystem development+news as usual after Monday. The BAMM release is it's own pipeline and expected before 2025 discussed before. 👍

Frax Finance

14 Dec 2024 03:06

@samkazemian Am I right? Tomorrow is the last part of the frax Vision, and the next three days will be the launch of the integration partnership and bamm and frxeth V2?

Frax Finance

14 Dec 2024 02:56

FXBs aren’t a stablecoin growth strategy, they’re a primitive that is meant to bring the full yield curve onchain.

The way frxUSD gets back to ATH supply is by having best in class yields equal to or higher than Ethena and integrations into payment systems+CEXes. Stablecoins that don’t adapt to that environment will not get to new ATHs. You can look at DAI-USDS stagnating and losing market share to Ethena as evidence on the yield side and DAI-USDS losing on payment/CEX integration to redeemable stablecoins like USDC/USDT.

Frax Finance

14 Dec 2024 02:45

And another genuine note sir @samkazemian

at least after checking the two roadmap posts, I see very limited reason to wait till second week of Dec to release them, since most are still “we’re going to”, “we’re developing” these vision style,

imo a lot of these could have been out in mid Nov already when there isn’t so much distraction out there, and by acting early to capture mindshare and attention surprisingly, we might be better off in charts.

forgive my negativity as a bag holder, It’s just disheartening to see the market’s reaction to our vision roadmap, as it has expressed a lack of interest through declining prices.

Frax Finance

14 Dec 2024 02:18

https://x.com/baltoalt/status/1867627972712157341?s=46&t=AI_Enk1lEAOTg0r4DErYFA

Frax Finance

14 Dec 2024 00:11

In simple terms: you hold the company's shares in the form of Frax and receive dividends

Frax Finance

14 Dec 2024 00:10

And fxtl is sort of a permanent nontransferrable scoreboard that gives you Frax in perpetuity

Frax Finance

13 Dec 2024 23:59

I think we should already teach them to say Frax and forget Fxs. This is a new page in the global history of the Frax nation.

Frax Finance

13 Dec 2024 23:41

A perpetual liquidity mining, you park capital on Fraxtal and get paid a deflationary token (FRAX) that has revenue which stays in the ecosystem (FXBs).

Frax Finance

13 Dec 2024 23:30

ah, okay misunderstood the security budget then thought it was specific for validators. thanks!