Frax Finance

23 Dec 2024 22:17

But it has potential to accomplish a considerable achievement

Frax Finance

23 Dec 2024 22:16

Frax has not achieved what It really deserves

Frax Finance

23 Dec 2024 22:15

Elaborate.. what milestones have they fallen short of?

I would argue that point.

I believe Frax hasn't gotten anywhere near the credit it deserves, and very soon opinion and perspective will no longer matter, as profit and product start to soar

Frax Finance

23 Dec 2024 22:13

Are you saying you don't see it?

Frax Finance

23 Dec 2024 22:13

So what about innovation?
If FRAX were good, we would definitely see it

Frax Finance

23 Dec 2024 22:12

I mean everyone has a tendency to USDe

Frax Finance

23 Dec 2024 22:11

We suspect it has alot to do with the name

Frax Finance

23 Dec 2024 22:10

We have the provably best peg-stabilization in all of DeFi

Frax Finance

23 Dec 2024 22:10

Yes That's what I mean

Frax Finance

23 Dec 2024 22:06

However there are some differences

Frax Finance

23 Dec 2024 22:04

There are some strategies which can help not only stabilise an underlying asset such as an Yieldcoin like USDe but also obtain some gain which makes the asset an entirely Yield-bearing product

Frax Finance

23 Dec 2024 21:58

Make use of Delta Hedging via options strategies

Frax Finance

23 Dec 2024 21:57

Pay attention to options please

Frax Finance

23 Dec 2024 21:57

Ethena's product will be integrated directly into frxUSD.

frxUSD will be a sophisticated hands-free yielding product with multiple underlying risk-free yielding strategies structurally, while on the surface being the most simple on chain product possible .. "a token you simply hold" and/or stake.

I'm not certain if they will make sfrxUSD, but due to the proven success of the Frax Two-Token Yield System, I assume they will

Frax Finance

23 Dec 2024 21:55

FRAX can undeniably become a lot more intriguing as long as proposal has been approved 👌🏻

Frax Finance

23 Dec 2024 22:17

I think one of the main issues is yield. When usual is paying 70%+ and ethena is paying 20%+, people hold those

Frax Finance

23 Dec 2024 22:16

Exactly that's what I mean

Frax Finance

23 Dec 2024 22:14

I suppose Frax has a lot of capabilities. Nevertheless, it hasn't achieved milestones effectively

Frax Finance

23 Dec 2024 22:13

Because of their high yield, yes.

Which is why we are integrating their product and working with their team

Frax Finance

23 Dec 2024 22:12

Bybit has added USDe as pair for it's token

Frax Finance

23 Dec 2024 22:11

Which is why we are moving to frxUSD

Frax Finance

23 Dec 2024 22:11

So why mass adoption has not occurred?

Frax Finance

23 Dec 2024 22:10

On the basis of Bitcoin and Ethereum as underlying assets

Frax Finance

23 Dec 2024 22:08

Instead of making use of Futures Derivatives for neutrality, you can utilise options strategy to ensure that Stablecoin is gonna be Pegged and stabilized.

Frax Finance

23 Dec 2024 22:06

Similar to Ethena protocol which is based on Delta Hedging via Futures mechanism and funding fee

Frax Finance

23 Dec 2024 22:00

Hm.

I will admit I don't fully understand what you're saying..

You think Frax should utilize options market products and employ delta-neutral yielding strategies?

Elaborate on the options products part.. what are you suggesting they do with options products?

Frax Finance

23 Dec 2024 21:58

That's the key to become more productive compared to other DeFi platforms

Frax Finance

23 Dec 2024 21:57

In my opinion if Frax does utilise options trading strategies to ensure that it's Stablecoin is safe and secure and cautiously Pegged with US Dollar, Frax will explicitly be able to capture too much attention around itself.

Frax Finance

23 Dec 2024 21:56

Options Trading
Call Option Put Option

Frax Finance

23 Dec 2024 21:54

Is there anyone here who's familiar with Options Derivatives?