Anicet¤

@Fraxforce Agent |
Nightforce Agent on @Midnightntwrk

member of @Trustsquadmates Don,t trust verify. #DeFi

[Anicet¤ @Anicet0]

https://t.co/QRErVLW2Vm

[Michael Egorov @newmichwill]

Alpha for leverage-loopers. If you did a 30x degen farm of sDOLA, or sfrxUSD, or anything stable borrowing crvUSD, and crvUSD price is a bit down - it's a gift!

Imagine: 99.5 cents instead of 1 dollar gives you instant +15% if you close a 30x loop while this opportunity exists

[Frax Force @FraxForce]

💲 ONCHAIN CA$H SHOW 💲 https://t.co/xEl1V3Yx6z

[Bitcoin Fear and Greed Index @BitcoinFear]

Bitcoin Fear and Greed Index is 13 ~ Extreme Fear
$BTC Current price: $68,272

[Frax Force @FraxForce]

"The idea here is to have assets and cash speak in the same language, in the same ledger."

We sat down with @borjaneira_ from @Tempo, the purpose-built blockchain for payments, to talk about money and assets moving onchain and why both need to speak the same language. We also talked about $frxUSD, the first stablecoin to implement TIP-20, and what a token standard designed for payments can unlock that ERC-20 couldn't.

02:53 – Building the rail for stablecoin payments
13:26 – Assets and cash on the same ledger
20:18 – What institutions need from a chain
24:56 – Tempo Zones and privacy
36:55 – $frxUSD on Tempo and TIP-20 vs ERC-20

[Anicet¤ @Anicet0]

@Tangent_fi @fraxfinance @CurveFinance @LiquityProtocol @InverseFinance @ResupplyFi @protocol_fx ⚔️👀

[Anicet¤ @Anicet0]

@e_nomics_ Lol bottom indicator

[Anicet¤ @Anicet0]

@x77knight Community bank 🏦 I like this wording.
Allowing a new form of financial agreements

[x77knight @x77knight]

🧐 On paper, Frax’s Q3 run-rate ($10.4M gross / $2.6M net on ~$100M in reserves with ~20 people) puts it in the exact same bracket as a profitable $150M community bank.

📈The difference is a small bank can't pass 75% of its yield back to users to capture B2B liquidity, and it doesn't have S&P 500 payment contracts that can scale 10x without adding headcount.

[Anicet¤ @Anicet0]

Big old technology ready to be rediscovered ⚔️🖤

[captnhayz ¤ @captnhayz]

That’s why we all love DeFi right ?

-24/7 availability ✅

-No paperwork or broker dependency ✅

-A secure , trusted and integrated dollar part of a huge institutional network of protocols and strategies you can chose of✅

Fair to say frxUSD aims to become the default asset for DeFi earn strategies.

We at @FraxForce make sure we provide the necessary tools to find all of these strategies and integrations of frxUSD 🫡

Visit: https://t.co/PkqHocaBMR

[punkquidity @punkquidity]

buybacks didn't save DeFi tokens that lost half their revenue

in my last post 12 of 16 tokens that pay holders still fell, so i widened the check to 26 DeFi tokens over the past year

for scale, $ETH fell 38% and $SOL fell 46% over the same year

what i found:

- 14 tokens lost half their revenue or more on DefiLlama (last 90 days vs the same 90 days a year ago), and all 14 fell, even $CAKE, $JUP and $SPK, which bought back tokens
- the median drop for these 14 was 44%, for the other 12 it was 11%
- the 5 tokens that went up ($HYPE, $RAY, $SKY, $UNI, $MORPHO) all kept more than half their revenue in that window, $RAY only after a launchpad wave in september
- each of the 5 also got something new over the past year, a fee switch with a 100M burn at @Uniswap, new markets and a fund treated as burned at @HyperliquidX, that launchpad wave at $RAY, cut emissions at $SKY and Apollo as a buyer at @Morpho
- keeping revenue wasn't enough on its own, $SYRUP and $LDO kept most of theirs and still fell 60% to 70%

a buyback is paid from revenue, so when revenue falls the buyback shrinks with it

the tokens that rose had both revenue that didn't halve and a fresh reason for someone to buy

$ENA has neither yet, fees are down 63%, team unlocks keep adding new tokens every month, while the fee switch needs $USDe at $7.5B and it's $5.0B now

[Route 2 FI @Route2FI]

I keep thinking we have maybe a few years left where normal people can still build some wealth before AI changes everything. After that, if you own assets, you're probably fine, and if you only have a salary, you're competing with something that doesn't sleep and costs almost nothing. Feels like most people are underestimating how fast this can go. IMO, crypto, tech stocks, and creating your own brand are the way to go in the next few years.

[Anicet¤ @Anicet0]

@poteto That will mean a golden age for software overall?

[Anicet¤ @Anicet0]

@mattyp Lol my normal weekly reset is tomorrow I need better timing

[The Daily FRAX @TheDailyFRAX]

🗞️ New frontiers in onchain finance, one dollar underneath: $frxUSD.

¤ AI compute: @USDai_Official lends to AI compute providers, backed by GPUs. Its yield token sUSDai swaps into frxUSD on @CurveFinance, without the 30-day redemption queue. On Morpho, the Frax USDai Ecosystem vault lends frxUSD against sUSDai, at 3.82% APY to lenders.

¤ Pre-IPO credit: @techdollarhq lends against private shares in AI, aerospace and chips, funded within 72 hours. Every loan settles in USDte, which mints 1:1 with frxUSD.

Powering innovation in the digital age.

[IceSlayerMan @IceSlayerMan]

If you are in crypto now,grinding in these horrendous market conditions, lemme tell you something about yourself that you may have taken for granted.

Despite living in the most information-rich, technologically advanced age in human history, the average person is increasingly distracted, passive, intellectually complacent and financially disadvantaged.

People are also increasingly becoming unemployable. Struggling to meet the basic demands of adulthood, let alone taking the initiative to build something.

Your competition just want to scroll on socials and blame the government for everything, demand all kinds of compensation from their employer whilst doing the bare minimum.

But you! You log in daily onchain and grind for years regardless of market conditions.
Upgrading your skills, connecting with peers, educating yourself and adapting constantly.

Crypto isn't linear. Don't let your portfolio balance make you believe you are behind.
You are part of a very small percentage of your generation who actually possess the rare skill of agency.

Compared to the general population, you're already ahead of the curve. But crypto attracts some of the most ambitious, obsessive and resourceful people you'll ever meet. Don't mistake being ahead of the average for being ahead here.

You are doing the difficult things whilst your peers swim in the comfort of passive consumption and mediocrity.

Almost everything worthwhile requires some combination of patience, repetition, frustration, delayed gratification and persistence.

You are on the right path. Keep showing up and getting better every day.

I'm not posting this to coddle you though. If you've truly chosen this path, then step into it fully. There is no half-assing this.

Crypto is a very competitive industry with some of the most hard-working, high-agency people you'll ever meet.

Get a job if you can't give it your all, but if you want this, bring your A game, cos if you don't, others will and they'll take everything away from you.

[Anicet¤ @Anicet0]

Fraxlend’s sfrxETH/LFRAX market reached 259.47% lending APY at 99.91% utilization.

Nearly all supplied LFRAX was already borrowed, driving up rates for lenders. Supply LFRAX, the legacy Frax dollar stablecoin, to earn interest from borrowers posting sfrxETH collateral.

Additional deposits or borrower repayments can bring the rate down. This is a variable, annualized yield; near-full utilization can also constrain withdrawals, and stablecoin, collateral and smart-contract risks remain.

Already holding LFRAX? Check the live market: the rate can change as soon as more liquidity arrives.

https://t.co/pook3ZOhOU

[Frax Force @FraxForce]

💲ONCHAIN CA$H 💲 https://t.co/0nQ4ZDiXnt

[Anicet¤ @Anicet0]

In todays ONCHAIN CA$H open discussion We will share our thoughts on how political changes affect crypto markets and markets in general.

Democrat or Republicans. Will matter?

[Frax Force @FraxForce]

We’re going live in about 20 minutes with our ONCHAIN CA$H show.

Tonight we’re covering a hand-picked set of topics: Paraguay’s corralito, the Gnosis Pay data breach, stablecoin payments’ best month but still early, and Frax ecosystem news. Plus market TA from a FraxForce member.

Join us at 8 PM CET, live here on X.

[bauti.eth @BautiDeFi]

At this point kyc is just to have your data stolen. It doesn't actually stop crime. Just incentives it.

[Anicet¤ @Anicet0]

@0xTindorr @EthenaPay Good explanation of where the Yield come from