Frax Finance

21 Dec 2024 04:02

So resupply and other recent projects will use the new token frxusd?

Frax Finance

21 Dec 2024 04:00

But don’t quote me on the resupply side, that’s for their team to confirm. I can only confirm frxUSD

Frax Finance

21 Dec 2024 03:59

Can't wait to try out Resupply with frxUSD, does anyone know when it's launching?

Frax Finance

21 Dec 2024 03:54

I think you’re misunderstanding that frax isn’t “trying to do everything.” It’s a decentralized central bank. Its issued currency is the most important thing, not creating products to compete with everyone everywhere. The products are only useful in so far as it helps expand the currency supply of different frax assets. Not in and of itself something Frax cares about. The Fed/treasury don’t run a bond trading exchange like Goldman Sachs does. They simply sell their bonds through different exchanges in the private sector. They do have treasurydirect.gov for selling bonds but they don’t try to take market share from Goldman Sachs. Some people that don’t understand how everything works might think “the Fed/treasury are trying to do everything and suck at it, the treasurydirect.org site UI is jank compared to my Goldman app. They need a better marketing department and promote their trading site!”

But they couldn’t be more wrong.

Frax Finance

21 Dec 2024 03:49

That just makes it difficult to write about FRAX(v1 Stable) while also talking about FRAX(Fraxtal Sovereign Token) in the same post

Frax Finance

21 Dec 2024 03:47

Is this too passive? It all seems to depend on whether aave wants or doesn't want to post frax assets as collateral

Frax Finance

21 Dec 2024 03:44

I like how you keep saying that ... "current stablecoin" 😁

Leave it to Frax to say "we have the best... that means WE have to make it better" 🫡

Frax Finance

21 Dec 2024 03:43

Wonderful. That's all I needed sir, thank you.

Frax Finance

21 Dec 2024 03:42

So hitting +/- 1% would = broken peg, correct?

Frax Finance

21 Dec 2024 03:42

Well for the current frax stablecoin that’s $.9900

Frax Finance

21 Dec 2024 03:38

Circle has no “acceptable peg variation.” It just works. And it’s redeemable.

Frax Finance

21 Dec 2024 03:35

What price(s), plus or minus, would result in a "peg broken" status

Frax Finance

21 Dec 2024 03:16

I didn't even talk about volume or TVL or anything.

Imma direct all questions on "figures" to my boy @StableScarab and should he resurface from those year long exams (😆) @hollowgrahm

Frax Finance

21 Dec 2024 03:13

Can someone help me out?

I was going to post an enormous "Frax Finance: Fraxing the Future, a Master Thread" on twitter.. and don't have enough room.

Where's the best place to drop a BLOG post or something I can link?...

Or should I just start chopping the tweet?...

If only you know how painful all this copying and pasting on mobile was just to run out of room 😞

Frax Finance

21 Dec 2024 03:03

aave expands like a maniac, Posting proposals first. Do we have plans to expand fraxlend to other OP ecosystems?

Frax Finance

21 Dec 2024 04:01

So we should educate them about what Frax’s intentions are so they don’t mistakenly attribute the wrong intentions to us. Not everyone understands a central bank is a currency issuer. It’s the only thing it cares about. A commercial bank is a “product seller.” Frax is the former.

Frax Finance

21 Dec 2024 04:00

I hear in a matter of days sir 😎

Frax Finance

21 Dec 2024 03:59

I see. Maybe that's what we think, but the competitors don't

Frax Finance

21 Dec 2024 03:51

Regarding the same issue of frxbtc, if aave is not willing, we cannot launch it, and other packaged assets will follow in the same way. But can this be used as fraxlend's proprietary collateral to expand TVL?

Frax Finance

21 Dec 2024 03:48

Since in my current and future posts I will be referring to present day FRAX as frxUSD to avoid confusion...

Would it be sufficient to call it frxUSD v1? ... or do you foresee less friction if if just say something akin to FRAX(current v1 stable) everytime til frxUSD launches

Frax Finance

21 Dec 2024 03:44

Obviously each stablecoin project has their own targets. Some projects say “soft pegged” meaning I doubt they consider just 1% being off as broken peg. But that’s not us obviously

Frax Finance

21 Dec 2024 03:43

For the current stablecoin yes

Frax Finance

21 Dec 2024 03:43

I think general market principle is 1% either side which is the commonly accepted definition. But as long as it’s redeemable from custodians, I don’t see why it would ever get near that edge.

Frax Finance

21 Dec 2024 03:42

USDC also trades on DEX for above and below 1$. FRAX is always historically less volatile, hence "peg has never broke".

What percentage of price change would have to happen for us to no longer be able to say that?

Frax Finance

21 Dec 2024 03:39

Let me rephrase my question...

We've never broken peg.
To stress that fact, I would like to know "what deviation WOULD break the peg"

Frax Finance

21 Dec 2024 03:38

Same as a fiatcoin. You can redeem from enshrined custodians like Blackrock or Superstate at $1.000. Or more likely professional market makers and arbers will do it for the market.

Frax Finance

21 Dec 2024 03:34

@samkazemian can you please remind me what the "acceptable peg variation" % for frxUSD is?

Frax Finance

21 Dec 2024 03:15

I'm ONLY like 4 days late /:

But, imma do this thing.
Frax Facting Twitter til Fraxtal has its crown

Frax Finance

21 Dec 2024 03:08

Fraxlend isn't meant to be a competitor to Aave or other lending markets. This is a common misconception. It's meant to primarily power frxUSD CDPs and frax asset leverage yields. The primary things that should expand to important chains quickly are frax assets like (s)frxUSD, (s)frxETH, FXS etc. And if Aave on those chains immediately integrates them soon after and they can be lent in Aave through AMOs, there isn't a need for Fraxlend to be on that chain even.

Frax Finance

21 Dec 2024 02:51

I have a dream that one day vefxs apr will be great again.