USTB is designed for DeFi - continuous pricing 24/7/365 means real-time interest accrual for every second the protocol holds it and has atomic liquidity in/out. also the T-Bills in the fund are managed by Federated Hermes (which is $800B TVL/AUM TradFi firm)
Читать полностью…We hinted that $FXTL points would be tokenized within a year. Now with the hard fork, Fraxtal will begin tail emissions of $FRAX with FXTL representing your proportional claim on those emissions & boosted earnings!
so what does that even mean ,
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Читать полностью…Market focusing on token incentives and implies there is a lack. Blackrock custodying may eliminate some routes for exotic FXS use cases if Blackrock wants stability? Thinking out loud
Читать полностью…we’re just getting started https://x.com/superstatefunds/status/1870512806837325884
Читать полностью…What is the actual proposal? For
Frax to put reserves into buidl just like usdtb? Someone tldr this word salad for me please
We have to make sure the Overton window doesn’t shift to making ETH like atom or sol. It should stay scarce and continue to be seen as a treasury asset which is why frax plans to use it in its strategic reserve. I don’t see this changing anytime soon so ETH maxis and concernoooors need to chill.
Читать полностью…sfrxUSD can also allocate to USCC (carry trade) to give more yield back to holders as well
Читать полностью…BUIDL is designated to be a collateral asset backing frxUSD.
I cant see any reason why an underlying collateral asset would have any limiting effect on the token (frxUSD) itself.
Further, no demands or "recommendations of change" have been made by BlackRock in regard to any Frax Product , or those stipulations would have been spelled out in their governance proposal
Have to construct the message the market is sending and consider it’s merits even if we think the markets are totally wrong/dumb
Читать полностью…I cant wait til the day comes when Frax is the single largest onchain mote of ETH, and we use all of it for chain validation (maybe restake ?) and governance, propelling sfrxETH even further ahead as the highest yielding LSD
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