“We built FraxNet as the first runtime neobank. It’s essentially a neobank with an app store.”
@samkazemian (CEO of @fraxfinance) keynote on “The Great Unbundling of Finance” at @token2049.
Key moments:
01:05 From Crypto Islands to Merging Financial Systems
02:03 Why Every Neobank Sounds the Same
02:52 What a Real Network Effect Actually Is
04:10 FraxNet: A Neobank With an App Store
06:59 One Identity, Every Financial App
09:20 What If Marina Bay Sands Accepted Digital Assets
11:36 The Most AI-Friendly Finance Platform in Web3, by Accident
Watch the full talk "Rebundling of Finance" by @samkazemian at the Ethereum Stablecoin Summit:
https://t.co/q0p3u8EjE0
Try FraxNet: https://t.co/2DHFaCKHD4
"...the unbundling of finance. We are rebundling it in a composable, open, meaningful way."
Crypto and TradFi are merging. @samkazemian expects @money2020 conference to be 50/50 crypto and fintech next year.
When two worlds merge, you need something that connects them. That's FraxNet: one network where partners plug in and every user makes every app more useful.
Some takes from his talk at the Ethereum Stablecoin Summit by @ETHGlobal 👇
🗞️ There are currently plenty of places to put your frxUSD to work!
We picked the best opportunity's for you:
¤ @Morpho: the Frax Ecosystem Accelerator lends frxUSD against Stake DAO frxUSD LPs, built to grow the liquidity of projects that choose frxUSD.
¤ @GearboxProtocol: the frxUSD pool funds leveraged positions in tokenized RWAs like Midas mF-ONE and mGLOBAL
¤ @fraxfinance: sfrxUSD delivers the best risk-adjusted yield. Deposit frxUSD once and earn automatically, exit anytime
¤ @StakeDAOHQ: boosts CRV rewards on @CurveFinance pools pairing frxUSD with sVUSD, sDUSD, DUSD and USD3. Post the sVUSD or USD3 LP on the Frax ecosystem Accelerator, borrow frxUSD and keep the boost.
¤ Loop: borrowing frxUSD on Gearbox to hold more mF-ONE, up to 5x leverage.
Some of these rates are boosted by rewards, which usually don't last forever!
Incentives on @CurveFinance go live in 2h!
Projected LP APRs:
• msETH/WETH: 4.25 - 10.63%
• frxUSD/msUSD: 7.63 - 19.08%
msETH/WETH was the top gainer in CRV gauge emissions this week.
Stake your LP tokens through @StakeDAOHQ to access boosted CRV rewards.
Supply $frxUSD. Earn 20%. 👀
The Frax Ecosystem Accelerator on @Morpho is live, and frxUSD suppliers are currently earning 20.25% net APY.
Supply frxUSD → it's lent to frxUSD LPs borrowing against their @StakeDAOHQ Curve LPs → you earn the interest plus frxUSD, WFRAX and USDC rewards.
Sponsored by @fraxfinance, curated by @crossworldsfi.
Be fast or be last, Only while the rewards last!
Lend frxUSD against Stake DAO LPs.
The Frax Ecosystem Accelerator is a ethereum:0xcacd6fd266af91b8aed52accc382b4e165586e29 vault on @Morpho, launched with @fraxfinance and curated by @crossworldsfi.
• Supply frxUSD to the vault
• Borrowers post Stake DAO LPs of Curve frxUSD pools as collateral
• Borrowers pay interest to the vault
Extra rewards on top from @InverseFinance, @3janexyz, @hemi_xyz, Frax and Stake DAO.
Supply: https://t.co/FljHH55aYi