Frax Finance

23 Dec 2024 22:34

this is why Superstate is proposing integrate with USTB and USCC

-USTB: capture Tbill yield as the floor yield when perps/leverage is lower
-USCC: capture crypto carry/basis yield in bull markets

Frax Finance

23 Dec 2024 22:33

If anything is perfect why participation and engagement with the Frax is low compared to other DeFi platforms?

Frax Finance

23 Dec 2024 22:32

Has been outpaced buy other ptojects

Frax Finance

23 Dec 2024 22:29

Again, I agree with that..

Please don't make the mistake of thinking I'm being aggressive or combative. I welcome your words.

However, I think some of your opinions are misguided. Nevertheless, I value your opinions and hope this conversation continues productively til we reach a beneficial conclusion

Frax Finance

23 Dec 2024 22:27

That's 100% fine and encouraged. We just disagree on what the "disadvantages" are

Frax Finance

23 Dec 2024 22:26

If I establish a project I'm gonna find it's disadvantages

Frax Finance

23 Dec 2024 22:25

As long as you don't have critical thinking nothing is gonna be changed

Frax Finance

23 Dec 2024 22:24

You can't compare Bayern Munich with For example Mönchen Gladbach

Frax Finance

23 Dec 2024 22:23

dTRINITY just surpassed $2M TVL, 5 days after launch 🎉
https://x.com/dTRINITY_DeFi/status/1871305018324005307

Frax Finance

23 Dec 2024 22:23

Fraxtal is an optimism chain. It's part of the superchain.

Frax Finance

23 Dec 2024 22:22

I mean focus on your innovation to capture attention

Frax Finance

23 Dec 2024 22:22

Such as
Base
Arbitrum
Optimism
Mantle
Linea
Scroll
Zksync
Starknet
...

Frax Finance

23 Dec 2024 22:22

So what's the point of having Fraxtal while there are too many better ones

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 22:34

That's the reason why I've recommended introducing competitive advantage to capture crypto community attention

Frax Finance

23 Dec 2024 22:32

I'm not sure what that means.

Frax Finance

23 Dec 2024 22:30

How would you improve things? The only thing I've heard so far is copy ethena.

Frax Finance

23 Dec 2024 22:27

Nothing is perfect
But we can improve things by detecting it's disadvantages and trying to fix and advance those things

Frax Finance

23 Dec 2024 22:26

To make it more productive and effecitve

Frax Finance

23 Dec 2024 22:25

Critical thinking

Frax Finance

23 Dec 2024 22:25

The point of having Fraxtal is in the security of having your own L2 with your own validators and your own consensus, integrating on/off ramps and custodians for 1:1 USD redemption.

Noone else owns their own full stack. Noone.

The chains you listed are good chains, but only Scroll and Zksync are even anywhere near the level of design Fraxtal has under the hood, and im fairly confident we have higher tps than either one

Frax Finance

23 Dec 2024 22:24

Base is undoubtedly better that Fraxtal and you can admit that

Frax Finance

23 Dec 2024 22:23

And how is base, for example better than fraxtal besides TVL?

Frax Finance

23 Dec 2024 22:22

DOGE is the only chain better then Fraxtal

Frax Finance

23 Dec 2024 22:22

Frax owns the stack. They can enshrine FXS as the sovereign token for the chain, and they have a bunch of stuff coming in the hardfork such as realtime transactions

Frax Finance

23 Dec 2024 22:22

Name the better ones

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