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The official Telegram group for Frax. https://frax.finance/ codebase: https://github.com/fraxfinance twitter: https://twitter.com/fraxfinance news: @fraxfinancenews trading: @fraxtrading
will velodrome LPs be getting FXTL rewards any time soon?
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That's clear, thank you.
As many people kept asking about it, it wasn't clear enough before due to mixed messages. Now it is.
I don't know how else I can possibly say it other than that. Is it still ambiguous?
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@samkazemian, That reminder is of August 14th.
* On Sept 11th: "the other one might not be far off" refering to frxBTC in the message above
* On Nov 12th: "Perfectly timed for Frax to.... ..Distribute revenue to FXS stakers in bonds & accumulate a strategic reserve of frxETH & frxBTC with all income and sell more frax bonds for the ETH strategic reserve."
*On Nov 30th: "frxBTC has a genesis address allocated to it when the time is right to release it"
And now you are annoyed that people point that this has been in the works and ask on timing?? At least you should acknowledge and accept people getting confused on such mixed messages.
Nice report I got from the DNA fund telegram. Cofounders of that fund (Brock & Scott) had previously invested in FRAX early on, not sure if they’re still invested
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Your screenshot shows the same actually..has the disallowed symbol next to the name
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What type of update are you asking for ser? You can check our Twitter page for some updates
https://twitter.com/fraxfinance
Hey all. When did fpis get removed from uniswap? Where is there liquidity these days? Need to bridge to fraxtal?
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AND FINALLY
(on some rumors)
If we get ANY kind of capital gains tax reduction for FraxFi, it instantly makes us the #1 no-brainer pick for every single stablecoin-involved onchain yield strategy in DeFi
The battle tested, war battered, cycle collapse surviving, strongest USD instrument in the World with benchmark yields.
I don't know any other way to paint the picture.
While there are never guarantees in life, my musings seems closer to reality than fantasy, and at some point opinions will take a backseat to performance and everything else will work itself out
I for one, am hugely bullish.
I tend to overestimate the market reaction, but that's because I see the potential of how huge this can get very quickly
I love that FLE is going to be burning gas fees through the whole stack
I love that FLOX will be distributing FXTL block rewards , which will converted to FRAX emissions
And, a whole new parallel VM for AI, validating sovereignty on Fraxtal, aiming to be the decentralized web3 Mint, that stands to make professional quality low risk yield accessible to everyone from day 1 newbies to DeFi Veterans alike, is huge.
I think if executed well on the UI side, it has the potential to usher in a whole new era on chain
Hopefully we get our FMA Q1,
Which in itself should have a hugely positive impact on frxUSD
1:1 $ redemption would be amazing imo
Let alone sfrxUSD yields
Protocol revenue from curve should spike hugely with BUIDL in the game
AMOs will have a hayday with the FXB revenue and Curve pool balancing
Not to mention BAMM, which Mitch said something akin to "...most important DeFi innovation since crvUSD..."
AND THEN
we have evermore projects releasing on Fraxtal
AND whatever HIPPO turns out to be..
Every single release is just more momentum turning the epiFlyWheel that is Frax Finance
The future has never looked brighter
I think some folks let the long winter gnaw their sanity too deeply, myself included, expecting FRAX to do what many of us have always known it could more quickly than reality allowed.
But, one thing I've learned about FRAX is they emphasize flawless execution above all else, and have never-not-been profitable, ontop of being absolute frontrunners in web3 innovation.
Sam and Squad are ALWAYS 10 steps ahead.
Sooner or later, the cream always rises to the top, and the FRAX Stack is now nearly complete.
At somepoint I highly suspect we catapult into the limelight and the whole space will scramble to secure their slice of the FRAXTAL pie.
This is all of course my humble bullish opinion, but ive said it 1mil times, there is no better team in Crypto than the Frax Team, and if anyone can pull off this immaculate conception of a Global DeFi powerhouse, it's FRAX FINANCE
I think they developed, just not releasing it right now given some partners aren’t integrating it now. But regardless, it’s clear. There won’t be frxbtc in the near term, if they’d like btc reserve, can purchase other yield bearing bitcoin tokens, should suffice
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No confusion ser. Its
frxUSD
frxETH for now. That’s it.
Let me say it as clearly as I possibly can so there is NO confusion: there are no plans right now to release frxBTC. So please stop asking about it.
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Selling a stablecoin in Europe or the U.S. is like selling a bucket of ice to an Eskimo. Why focus on 700–800 million people when there are 5 billion people living in high-inflation countries and over 3 billion unbanked individuals worldwide?
- Paolo Ardoino, CTO, Tether
https://onchain.org/research/stablecoins-the-most-lucrative-business-onchain/
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You trying to scam me, lol? I know you aren't but I don't know why we are seeing different things.
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100k on both uni v3 and fraxswap (both on ethereum)
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If you told me in 2017 I would eventually tattoo a "👑ed stablecoin" on my skin, I would have laughed in your face.
Now, I'm very confident "all roads lead to FRAX," and can't wait to justify doing it 😆
A data wizard should make a visualization of the Frax Innovation Development Timeline in comparison to the "hot defi narrative" on Twitter at any time so people can more easily realize Frax has never chased the narrative, they've always been on the Razors Edge of it
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but good ser, no one is gonna use aave, maker or compund wen bamm is out 🤪
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I’ve directly said unless there’s demand or plans to integrate it in Aave, Maker, or Compound it’s not worth building. So please stop expecting things we’ve never said we’d do.
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