Gravita Adds sfrxETH Interview with Rhett Shipp
DO YOU EVEN LIFT - Frax's Barbell Strategy
Anon figures out Frax’s grand plans
— DeFi Dave 🌸 (¤,¤) (@DeFiDave22) August 20, 2023
gm pic.twitter.com/C5f12lc2BY
With $FRAX V3, $frxETH V2, and $FXB in the works, I have been intrigued by @fraxfinance of late.
— naly (@defi_naly) August 22, 2023
With a two-token system, Frax will soon boast a vertical, on-chain liquidity stack that provides a monetary premium across the full depth of the interest-rate liquidity cycle.
I… pic.twitter.com/1SA4ydk5zq
![](https://ghost.flywheeldefi.com/content/images/2023/08/frax-barbell--1-.jpg)
Balancer pools at risk!
Balancer has received a critical vulnerability report affecting a number of V2 Pools.
— Balancer (@Balancer) August 22, 2023
Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk.
Users are advised to withdraw affected LPs immediately.https://t.co/PDzX32gqeS pic.twitter.com/F1f649Wz3L
Thor on FXB's
Thesis: Interest rates will stay high in the U.S for longer than people might be expecting.
— Thor⚡️Hartvigsen (@ThorHartvigsen) August 22, 2023
What does this mean for DeFi?
That on-chain real world assets are incredibly relevant and more than a short/midterm narrative.
Protocols like Maker, Frax and ___ integrating rwa's and…
Jon on Convex price
Terra was one of the two largest bribe payers on Curve. (The other was Frax).
— J◎n Galt☀️ (@JonGalt14) August 20, 2023
The Convex token price never recovered.
Unfortunately, new entrants have not committed as much powder to buying Curve Votes. pic.twitter.com/cjgInk2zbW
Where to Find Single Sided FXS Yield
![](https://ghost.flywheeldefi.com/content/images/2023/08/frax-18.png)
Watch our Inteview with Jae from IQ Times
![](https://ghost.flywheeldefi.com/content/images/2023/08/2023-08-23-11.58.14.jpg)
Groom Lake Interview Incoming
TONIGHT: @WarlordGL, Founder and Lead of @0xGroomLake will be joining the @FlywheelDeFi crew for a special segment on security operations in DeFi. pic.twitter.com/Ordm3L49Ut
— Groom Lake (@0xGroomLake) August 23, 2023
Sam Kazemian Q&A
FraxLend and Permissionless Pools:
10delta:
Q: Any update on enabling permissionless pools for FraxLend?
Sam Kazemian:
A: We need reliable oracles for permissionless pools to work effectively. Deployers must be highly knowledgeable to set them up. It's important to clarify that Fraxlend isn't accountable for "bad debt" due to the way fTokens work. We believe BAMM is a better solution for long-tail assets as it doesn't require oracles and can't accumulate bad debt.
BAMM, FraxSwap, and FXBs:
AC T:
Q: Will BAMM be a part of frax swap or is it a new product/dex?
Sam Kazemian:
A: BAMM will be integrated into a new version of Fraxswap with an entirely new architecture. It's akin to an upgrade from Uniswap v2 to v3.
AC T:
Q: How does BAMM influence fxbs? Can they be swapped there? How does it affect fxbs in terms of liquidation mechanics?
Sam Kazemian:
A: FXBs can operate on both Fraxlend pairs and BAMM. We've devised a method for FXB to function on both BAMM and Fraxlend without the need for third-party oracles.
0xE:
Q: I believe many want an efficient TWAP mechanism like TWAMM but might not trust it, especially for large transactions. How does it work for pairs that might not have significant reserves?
Sam Kazemian:
A: For large trades and shorter TWAMM durations, the pair should have significant depth. However, the existing pairs on Fraxswap, especially the FRAX-FXS pair, are suitable for TWAMMs.
Oracles and Stability:
GrumpyNIt:
Q: Can the oracle for crvusd be disabled or is it immutable?
Sam Kazemian:
A: Every stablecoin has mutable oracles and conditions. Believing a stablecoin is as immutable as assets like ETH or BTC is a misconception.
StableScarab:
Q: Any updates on the sfrxeth oracle after the previous discussions?
Sam Kazemian:
A: We've developed our own oracle for sfrxETH aside from Chainlink. It's available in our docs for anyone wishing to integrate.
Curve's v3, Emissions, and Frax Strategy:
AC T:
Q: With Curve's v3 and crv emissions decreasing, will Frax pay more for emissions to get votes for its pools?
Sam Kazemian:
A: Paying more in bribes than what's received in emissions doesn't make sense. Expansion of CRV and CVX prices will provide more incentives. As RWAs come online, Frax will have a larger budget for Curve incentives, likely boosting CRV and CVX prices.
Frax v3, KYC, and Real World Assets (RWA):
RyanMiao:
Q: Will Frax v3 require KYC?
Sam Kazemian:
A: No need for on-chain KYC. Regulatory procedures are handled by off-chain custodians.
RyanMiao:
Q: Some protocols with Real World Assets (RWA) require KYC.
Sam Kazemian:
A: FXBs don't provide off-chain assets or a right to redeem for fiat. They only assure conversion to one FRAX stablecoin at maturity. No KYC needed.
Frax Bonds and Staking:
Andrew Hitchcock:
Q: FXBs seem to have a time limit. Are there plans for FXB funds that auto-renew the bonds?
Sam Kazemian:
A: FXBs don't offer rights to off-chain assets. They convert into FRAX at maturity and have specific maturity dates.
AC T:
Q: Can we stake frax in v3 to earn yield similar to staking Dai?
Sam Kazemian:
A: FXBs are like Maker's DSR. They're versatile, with potential options for short-term yields.
AC T:
Q: How does one redeem frax from an FXB token?
Sam Kazemian:
A: The contract that creates FXBs also facilitates their redemption once the maturity timestamp is reached.
Interesting Links/Reads
Growth of Stablecoins
We expect tokenised stablecoins to grow from $125B today to $2.8Tn market, led by regulated, onshore stablecoins, over the next 5 years.
— Gautam Chhugani (@BernsteinGautam) August 24, 2023
We expect regulated stablecoins growth to be driven by a more mainstream consumer platforms led market.
We expect stablecoin issuers to be…
Inside the USD Blackmarkets of Argentina
![](https://www.freethink.com/wp-content/uploads/2022/08/coin.gif?resize=1200,630)
Eigenlayer raises the cap for sfrxETH
🥩 @eigenlayer is increasing restaking capacity for LST tokens, including $stETH, $rETH, and $cbETH, on August 22. 🗓️
— The Defiant (@DefiantNews) August 14, 2023
Dive into the details of Eigenlayer with our podcast featuring @sreeramkannan ⤵️
📺 https://t.co/KgQU2Tpe1Z https://t.co/A2TeU8KHES
Bithumb lists FXS
![](https://cafe.bithumb.com/static/images/seo/20200701_og_bithumb.png?v=bithumb2.0)
Rune's Got a Plan to Fix MakerDAO
Centre no more, Circle/Coinbase moving USDC issuance in-house
![](https://www.circle.com/hubfs/Blog%20Posts/Circle-Coinbase.jpg#keepProtocol)
Merch Madness
Thanks for the fresh threads @DeFiDave22 & @FlywheelDeFi
— 563 (@563defi) August 21, 2023
Glad to finally get my hands on some @fraxfinance swag 🚀 pic.twitter.com/y8f3thWFb8