A story as old as time. People want more money fast, and is willing to increase their risk to get it. And like before, many blow up and get liquidated.
What if I told you about a solution from Frax that is free from liquidation risk? Meet the infamous BAMM. The Borrow AMM.
1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer.
What is ADL? How does it work? And why does it exist?
@RyanSAdams@hazeflow_xyz@l2beat There is no difference in security between natively minted and canonically bridged. Both can not be stolen and as long as the chain is live you can transfer them. Bridged can be bridged back, but you can also bridge out natively to L1 if you want.
@krugman87 The basis traders are just funneling buys and sells on the future market to the spot market. For the basis trader to dump ETH, future traders must close their longs.
Basis traders are market neutral so will have no net influence on the market direction.
1/ Stablecoins just went mainstream – and Frax is at the center of it.
Here’s what happened at the world’s largest crypto conference, and why policymakers are backing the future of digital dollars 🧵
1/ The @fraxfinance team just launched the Borrow AMM (the BAMM)
Just another forked lending market? Nope. There’s way more going on here than most realize.
The BAMM allows borrowing, but doesn't liquidate borrowers based on price changes.
How does that even make sense? 🧵
1/ BAMM💥
To have a DeFi renaissance, you need DeFi innnovation.
Introducing the Borrow Automated Market Maker (BAMM), a novel DeFi primitive that will change token borrowing & swapping forever. Access leverage for any token, without oracles or permission.
Here's how it works👇
@DeFiVoyager_X@CurveFinance This is the wrong analogy, veCRV is not a Curve product they have sold. The analogy should be that Apple stock owners get some external benefit that Apple arranged for them, like externally paid dividend.
@DeFiVoyager_X@CurveFinance If Curve would organize the incentives market itself and would distribute the emissions according to the bribes and not let veCRV holders vote, that would economical be the same thing as we have now, but you would count them as profit.
It’s time for the Fraxtal launch thread! The most important & consequential release since the dawn of Frax itself in 2020. Fraxtal testnet & mainnet are here for select launch partners! https://t.co/0oECROWhU6 will be the hub of Fraxtal documentation, L2 bridge UI, & other resources starting today, February 7th. Normal users will be able to connect to the chain in the next few days.
Lot of talk about fraxlend today, some of it incorrect. Since Fraxlend is my baby, lets dig into this pool to talk about why I think things are not as bad as they seem & some of the unique features of Fraxlend that protect lenders (+ some alpha for liquidators)
¤ Frax Finance has been crushing it lately🔮
And with their growing ecosystem of DeFi products, $FXS has a TON of upside in 2023.
Here are 5 reasons why @fraxfinance will be a central player in DeFi this year and how you should be taking advantage of this 🧵 1/19
1/ @fraxfinance’s staked $ETH performance has been nothing short of spectacular in the past 30 days.
~500% TVL growth. 9.3% APR (vs 3% on @LidoFinance). All this during one of the worst months in crypto history.
Here’s how they did it.
#FraxFinance#LiquidStaking#Ethereum
1/6: 4.8-17.3% for staking your ETH with @fraxfinance ain't bad. Three options:
- Liquid staking directly with Frax
- Curve/Convex LPing/Boosting
- Concentrator Automating
👇 Let's explore each option.
There is only ONE best way to keep your crypto safe:
SELF-CUSTODY.
Not crypto exchanges, not yield platforms, not FTX, not Celsius.
Today, I'll teach you what self-custody means, how to do it, and why it's so important:
A CRYPTO SECURITY AND SELF-CUSTODY MEGATHREAD:
(1/📿)Hey all: I've a few announcements to make
https://t.co/pfSwAZz8Ew has come to an agreement on a strategic transaction with the Ethereum blockchain to deploy the TopGear vault contracts
Deposits now open: https://t.co/abRF6zdjiL
@cz_binance All ya need to know for thy DD⬇️