Frax Finance

23 Dec 2024 22:21

Innovation is definitely not the problem. Frax is a leader on innovation.

Frax Finance

23 Dec 2024 22:21

Frax has this too. Check out FXBs. They're also onboarding custodians like blackrock. Also, this https://x.com/fraxfinance/status/1866920870041858490?t=CukCy0z1r_nx2jpEwkRe1w&s=19

Frax Finance

23 Dec 2024 22:20

Frax definitely needs innovation

Frax Finance

23 Dec 2024 22:20

It has introduced a practical and innovative product known as USDY which represents for Tokenized US Treasury Bill.

Frax Finance

23 Dec 2024 22:19

In addition to that, I assume that innovation is significantly

Frax Finance

23 Dec 2024 22:18

That's right
Since Yield offered but those protocols are extremely captivating

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 22:21

There are too many Layer 2 blockchains

Frax Finance

23 Dec 2024 22:21

Let me ask you a question

Frax Finance

23 Dec 2024 22:20

Neither of those protocols have their own L2 😎 or AI interface, or a daily increasing # of dapps built ontop that will all funnel staking rewards to your native asset 😁

Don't get me wrong, usual and ethena are both great and they have the numbers to prove it.

But, alot of people are sleeping on what Frax is about to unleash

Frax Finance

23 Dec 2024 22:19

Take a look at ondo finance for instance

Frax Finance

23 Dec 2024 22:18

Yeah, who wouldn't want 71% apy on stables

Frax Finance

23 Dec 2024 22:18

frxUSD should do a better job of capturing those yields during good times, and better yield during bad times.

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.