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What's in this email:
- Fraxtal Launches!
- Asymmetry Finance Launches afETH
- Governance Roundup
- Frax in Social Media
- Frax Reward Opportunities
Earn 20% extra Kelp Miles (along w/ Eigen Points) using our link đ§ââī¸
Fraxtal Launches! New Docs! New Website!
Big Week! Massive Launch! We finally got the docs for Fraxtal. We broke down how all the new incentive structures should work and what you should expect for the upcoming public release of Fraxtal. Right now the network is open to select launch partners, and in a couple of days it will go fully live. Read our analysis for the latest on Fraxtal.
AlphaBytes: QiDao Announces Fraxtal Deployment
Asymmetry Finance Launches afETH
afETH is a hybrid LST composed of 70% sfrxETH and 30% Convex's vlCVX. With vlCVX earning near 20% right now, it adds on additional yield. A very cool concept for mixed yield collateral design.
Come Meet Us At ETH Denver
Join us for a special occasion on March 1st as we celebrate the launch of Frax's pioneering rollup with drinks, and exclusive Frax panel, and a surprise performance that honors Denver's deep bass music culture.
Sam Kazemian to Headline StableSummit
Governance
An interesting week for governance as the tfBILL vote failed to secure a yes vote. While we spoke with the team who was proposing the vote and it seemed similar to the Centrifuge FIP, C2 and other commented that there was not enough discussion on the FIP and that it needed to be revised. We don't think this proposal is dead, most likely it will be rewritten and then proposed again at some point in the future.
FIP-326 passed this week, adding a new revenue source for Frax. It's expected that it will bring in another $50k a month from CRV and FXS pools.
We love to see the request from the f(x) protocol team for seeding liquidity to their new frxETH product. If passed it would allocate USD $50,000.00 in FXS as incentives for its launch. The $50k would be distributed over a 14-day period to bring new locked liquidity.
And last, the price discovery FIP offers a new idea on how to allow for veFXS rage quits. It proposes having a dynamic fee that is based on the total percentage of FXS locked, where a lower fee would be charged if higher amounts of veFXS are locked.
Discussion
- FIP 3XX - Seed the initial liquidity for $frxETH on f(x) Protocol
- [FIP-3XX] Price Discovery Mechanism For veFXS Rage Quitting
Passed
Failed
Best of Socials
- Frax's Fraxtal Launch Announcements
- 0xChaos on Flox
- StableScarab on sfrxETH and KelpDAO
- CVX5 Member Jason Hitchcock on the Llamas and Frax
Frax Reward Opportunities
- Ramses has 544% yields for FRAX
- Newly launched Convergence has a FRAX/USDC/CVG pool
- Notional has 20% for FRAX on Arbitrum
- Timeless.fi offering up to 33% for FRAX/FPI
- Horiza has some big bribes lined up for STIP
