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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
Excuse me, is there anyone who does the project of moving bricks? The profit is considerable.
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@IQGPTChatBot what is the collateralization ratio of FRAX stablecoin?
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id be pissed as a token issuer if they rehypothecated
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The drama around polygon bridge funding is finally over, morpholabs seems to get more exposure and praise, and aave's monopoly mentality is exposed, and whether it succeeds or not, hopefully fraxlend can also participate in such discussions and get the market discussion and exposure it deserves
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Is this confirmed by team? Would make a short thread about it
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The good thing is team has a plan, my biggest concern was do they have plan and how do we fix it, now it's sort of easier when you know they are not sleeping on stablecoin isssue with is mother of all our price decline and popularity
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Also the good thing is that Mitch and his porjects are doing much better so it will help us as well. It is easy to build on sucess
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Ladies and gentlemen and @filipjbg , let me tell you about my game-changing conversation with Sam!
I started with my concerns—let's be real, it hasn't been an easy year for Frax. Our stablecoin adoption has stalled, competitors are surging ahead, and the charts don’t paint a pretty picture. But what truly struck me in this chat wasn’t just the acknowledgment of the challenges—it was the vision Sam shared for the future. And folks, let me tell you, it’s nothing short of extraordinary. Here’s the roadmap Frax is rolling out:
1. Transforming frxUSD into the "Go-To Stablecoin" of DeFi
Frax is turning frxUSD into a bulletproof, decentralized stablecoin. Imagine a system so robust that it can rival centralized coins like USDC while staying true to DeFi principles—no blacklists, always fully backed, and redeemable instantly across chains. It will leverage T-bills, carry trades, and liquidity reserves to maintain a tight peg and safety for users. This is more than just stability; this is a new benchmark for reliability and accessibility.
2. sfrxUSD: Always the Best Yield
Here’s where things get super exciting—yield without compromise. sfrxUSD is implementing a “triple-prong” yield strategy:
High-yield carry trades with cutting-edge partners.
Best opportunities in DeFi lending through Frax’s ecosystem.
Guaranteed risk-free rates through partnerships like BlackRock.
Sam explained it like this: “No matter the market conditions, sfrxUSD will deliver top-notch returns.” Think of it as the ultimate “set it and forget it” for your USD in crypto, always maximizing your gains.
3. The Big Goal: $2.9B Stablecoin Supply = $42 FXS
Here’s the north star: when Frax’s stablecoin hit its previous high of $2.9 billion in supply back in 2022, the Frax token (FXS) skyrocketed to $42. The logic is simple—get the stablecoin adoption back to its peak, and FXS will follow. Sam is laser-focused on this number, and the plan is crystal clear.
4. BlackRock Partnership on the Horizon
Yes, you heard it right—BlackRock. This partnership is entering the final negotiation stages. We’re talking about bringing Frax USD to the global stage, integrated with the biggest players in finance. This isn’t just news—it’s a paradigm shift.
The Mission Ahead
Sam acknowledged the tough road Frax has traveled but made it clear: Q1 2025 is Frax's comeback year. The goal isn’t just to recover—it’s to dominate. Frax has all the tools, all the partnerships, and a plan that is both bold and achievable.
So, my friends, as an investor, as a Fraximalist, I’m more motivated than ever. Frax isn’t just building for today—it’s setting the foundation for generational success. The only question is: Are you ready @filipjbg ?
Let’s make it happen. 🚀
If you’re going from Mainnet to Fraxtal, just use the bridge on FRAX.com. It takes like 5 minutes
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Fraxswap TWAMM orders. If you go to Fraxswap -> TWAMM button/switch -> scroll down to "Open TWAMM Orders" you should see them if you forgot to collect them.
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Forget squidrouter, it either takes 40 minutes or the bridging fails
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The collateralization ratio of the FRAX stablecoin is 102.19%. This means that for every FRAX stablecoin issued, there is 102.19% worth of collateral backing it.
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I mean, whether it's a mortgage or not, it needs a community vote, and fraxlend is just participating in the exposure
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This time I will not be blindly optimistic, execution and market feedback results will give us the answer, wait and see
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He finally pierced the veil 🫡
Welcome to the Citadel
If we fix stablecoin, we will it all. Fraxtal is not doing bad at all, 250-300mil for L2 it's not small and easy at all. Fees and ravenue is steady, we need more adaption in stablecoin and that's all we need
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We made it once to be in top DeFi protocols we will make it back. Competion is hard and will be only harder but team showed once it can do it and be winner and will go for it another time
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If @samkazemian wants something to add or modify he can. This is my understanding of our conversation in summary
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I have my FXS in the cvxFXS:FXS curve pool on fraxtal. Paying ~25% apy in crv and I might make some money if th cvxFXS ratio improves when rewards restart
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How long does it take to use fraxferry for fxs eth-> fraxtal? No point to hold on mainnet right? Will throw a couple in curve pools. Any yield alfa ? Just want my fxs working while waiting for all the new things
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Leviathan Livestream: The future of DeFi, Onchain AI and FRAX, w/@LogarithmicRex and @SamKazemian - 𝕏/@leviathan_news
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