Everyone is talking Flatcoins
Well Brian, we have something for you.... it's called FPI and its been operating profitably for over a year. Any chance we can slide into your DMs?
Ray Dalio knows whats up too.
Someone needs to tell them....
Prisma Finance Launches, Hits $6m sfrxETH Cap
MUST WATCH INTERVIEW WITH FDR FROM GROOM LAKE
If you haven't watched the interview for this week with FDR, stop everything and go queue it up. It's quite possibly the best breakdown of OpSec in crypto.
Cryptovestor Brought the Frax Alpha
CV is joining the team to write bi-weekly Frax Alpha articles for us. His first round up went out on Tuesday.
We wrote how to trade sfrxETH yield with Pendle Finance
Pendle allows you to trade yield, and we wrote up an in-depth guide for you to trade sfrxETH.
Sam K Comments on Polygon's Bridge + DSR Implementation
All bridges are stablecoin issuers and hypothecate to earn revenue. Called this in my stablecoin maximalism speech earlier in the year. Not the first bridge and won't be the last - Sam K
Ramses Exchange Attracts sfrxETH Liquidity
Liquis + Frax
Lenx + Frax SubDAO
Hey Frax, long time no talk, we've been heads down building. Proud to present https://lenx.finance. We are seeded by FRAX and want to keep going as a subDAO of FRAX to specialize in omnichain lending AMOs. Let us know what you guys think
Sam Kazemian Q&A
Frax Team & Legalities:
Q: Is Frax a legal entity? How does the team handle legal matters?
Sam Kazemian A: Frax is fully decentralized and is not a legal entity. We are cautious about U.S. laws and are considering transitioning to a more autonomous structure to prevent any potential regulatory capture.
Q: So are there no legal structures around Frax at all?
Sam Kazemian A: We are currently examining various paths to ensure that Frax can operate autonomously and in a decentralized manner, but as of now, it's not a legal entity.
Zero-Duration Yield Curve:
Q: What can you tell us about the upcoming development related to the near-zero duration part of the yield curve?
A: We are working on something that will address this issue. It will be similar in function to how DAI DSR operates but will offer more flexibility. More details will be released soon.
Q: Any teasers about upcoming developments you could share?
A: We are planning on introducing new staking mechanisms. This may involve a new token, possibly called "zfrax", which will work in conjunction with FXBs.
Q: Is "zfrax" intended to incentivize certain behaviors in the ecosystem?
A: Yes, it's designed to encourage more interactions and to offer added utility in the Frax ecosystem.
Stablecoin Issuers & Bridges:
Q: Can you expand on "stablecoin maximalism" and how all bridges are stablecoin issuers?
A: Yes, in the bigger picture, all bridges actually function as stablecoin issuers and generate revenue through hypothecation. It's an ecosystem where stablecoins are at the core.