Yield of the Week - Premia Option Vaults
Premia has some great high APR STIP incentivized vaults open for FXS and FRAX deposits. By depositing FXS or FRAX, you can earn 125% or 84% respectively. To learn how to get access to the yields, read our guide we wrote this week to accompany our Premia interview.
Samuel McCulloch
Flywheel's SubDAO
Published an article on Flywheel that hypothetically laid out what subDAOs could look like for @fraxfinance 👀
— DeFi Dave (¤,¤) 🌸 (@DeFiDave22) December 14, 2023
I named it Appian Ambition not just because I am a history simp (I am), but it poetically encapsulates how subDAOs can grow, thrive, and ultimately bring value to Frax https://t.co/kt7y3CJead
This week, DeFiDave wrote an interesting thought piece on how Flywheel could take a role as a subDAO in the Frax ecosystem. Frax is building an Empire and Flywheel intends to be a legion of it. Give it a read, let us know your thoughts.
FRAXCHAIN AIRDROP ALERT?!?
Fraxchain airdrop was not on our Bingo card for this week
Nothing is confirmed. But lots of 👀 and 💯 reactions from Sam this week on a multitude of TG messages shows the team is internally discussing potential incentive structures for the launch of Fraxchain.
We're guessing it might have to do with operating the sequencers, but again, it's all speculation at this point. But an airdrop for Fraxchain could create a significant buzz and TVL drive into Fraxchain after it launches. We will keep our eyes posted for more information as it comes out.
Calling All Builders... Fraxchain Needs a Perp Dex!
Lots to unpack here. First, Sam K is openly calling for teams to come and build a Fraxchain focused perp dex. This would be supported by the protocol with incentives generated from Fraxchain, yet to be announced.
Second, Sam confirmed that Etherscan for Fraxchain is coming SoonTM and that we will be able to deploy and verify contracts in the near future. We're early. Keep testing, and it's less than 1 month to go for Fraxchain launch.
Triple Digit veFXS Yield?
Grills dropped some revenue numbers that had our eyes popping. Current veFXS is 0.8% right now, but once we hit 100% CR and the bull market really takes off, Frax revenues might 100x for veFXS, leading to double or even triple digit yields for veFXS.
veFXS growth has be stagnate since Feb 2022 when yields dropped to the low single digits. Since then, no major catalysts have driven investors to lock up their FXS for long periods of time. CR to 100 will hopefully change this dynamic and spur new locking of FXS for yield. We are ready.
Fraxchain's Modular Future
BAMM Will Phase Out FraxSwap
Abritrum STIP Rewards Are Sky High
Yields for the Convex Arbitrum pairs are high through Frax staking. Right now you can stake ConvexFRAXBP for 50% max boost and ConvexfrxETH/WETH for 123%!
These yields will last into early next year, so take part in the incentive program while you have time.
Frax Publishes Monthly Report
Frax Monthly Newsletter Recap 📆@fraxfinance just published their official monthly recap. Here's everything they reported on & all the major updates for the protocol 🫡
— FlywheelDeFi.eth (@FlywheelDeFi) December 13, 2023
Let's Dive In👇 pic.twitter.com/i8PWYnT6ei
Governance
Centrifuge's RWA Proposal Goes Live for Voting
Our proposal to bring Centrifuge Prime to @fraxfinance is now live!
— Centrifuge (@centrifuge) December 14, 2023
We aim to introduce both a new, high-quality counterparty to the Frax RWA ecosystem (the Anemoy Liquid Treasury Fund) as well as foundational infrastructure that Frax can use to source the assets and managers… pic.twitter.com/ZuKC3HcJwG
Opportunities
$FRAX topping charts in every category
— Teddy Woodward (@teddywoodward) December 12, 2023
👀 pic.twitter.com/6rA4MEqz5U
Hey Bunni fam! Check out the FRAX/FPI pool on Arbitrum 🚀. TVL's jumped to $146.49K! APRs are still between 114.78% - 140.44%. Big thanks to everyone who's joined in. https://t.co/m4ZETnxl9O
— Timeless Finance (@Timeless_Fi) December 12, 2023
Keep your crypto game strong 💪
— Orbiter One (@OrbiterOne) December 10, 2023
With #orbiterone’s $FRAX #apy, you're always winning!💎🤑#CryptoStrength #APYWinning #OrbiterOne #Crypto #EarnCrypto #DeFi #PassiveIncome #HighAPY #EarnMore #Blockchain #Cryptocurrency #DeFi #Lending #DAO #Moonbeam #EarningWhileSleeping… pic.twitter.com/N9WyO0SaRu
Best of Socials
The past two years have been marked by large developments in the blockchain industry.
— MOIC Digital | Research (@moic_digital) December 13, 2023
Now it's time to see the results 🧐
Without a doubt, @fraxfinance is one of the most promising #DeFi protocols.
In this thread, let's see what's next for them — Enjoy the deep dive! 🧵 pic.twitter.com/hrY0S4bl2s
Reminder: 6 days before the next annual $FXS halvening. 🌚 pic.twitter.com/pdzgVm5TZR
— Grills (¤,¤) 🦇🔊🐻⛓️ (@CryptoGrills) December 14, 2023
Guys, the coin is literally called FXS - For X'Mas 🇨🇽
— Ouroboros Capital (@OuroborosCap8) December 9, 2023
In all seriousness, I HIGHLY recommend anyone to start track the Frax public TG daily at this point. pic.twitter.com/IXv7e85xt7
Like look at the FXS chart for example. A series of higher lows on the monthly time frame going back several years, reclaiming major levels of resistance and putting in a clear uptrend. Like honestly, if you wanted to see another bull run, what more could you ask for? Beautiful. https://t.co/rh456Bx3Hr pic.twitter.com/e1DdLRZD6J
— HDIZZY ~ 197 IQ (Gobby Grinch Arc) (@CyberRevolt12) December 10, 2023
Even though Lido is the largest, it doesn't generally provide the best returns.
— Steak Capital (@SteakCapital) December 14, 2023
Typically, the best yield is offered by @fraxfinance; it is the only one with a 4% APY over the last 30 days. pic.twitter.com/4lBeVaTE5L
Review of $FXS. There are lots of copycats in #DeFi space. #Frax is an innovative, complex and solid project. I think it will perform well in the upcoming bull market. Always #DYOR. pic.twitter.com/bLXmmG28zm
— CryptoReviewEngine (@ReviewerAtPump) December 9, 2023
It’s that time of the year for Frax.
— Crypto Koryo (@CryptoKoryo) December 13, 2023
Halvening + Fraxchain + Frax Bonds coming.
Don’t fade the most obvious trade of December. pic.twitter.com/HRVw7mufcd
