Top Tweets for #fraxchain
Top 10 stablecoins by market capitalization!
@tether
@MakerDAO
@FDLabsHQ
@tusdio
@usddio
@fraxfinance
@paxosglobal
@terra_money
$FDUSD #FDUSD #TUSD #USDD $sFRAX #fraxtal #fraxchain $FXS #btc #BTCETF $SOL #NFT #Altcoin $BTCETF $BTC #BITCOIN #altlayer2024 #Binance
@fraxfinance is launching their own L2 #fraxtal #fraxchain in 2-3 weeks.
Market really is sleeping on this. Curve has already indicated it's intention to deploy and I suspect some of Frax's best products will see the deepest liquidity on it's own L2.
There are a few ways to position.
$fxs seems to holding above $8-9 and will likely have a decent pump if you're a trader.
If you're a farmer, seems like there will be some sort of airdrop based on points from locked veFXS.
If you don't want to lock 4 yrs, you can also rely on $cvxFXS wrapper from @ConvexFinance as C2TP has indicated if there is a drop, that it'll be passthrough to $cvxFXS stakers. At a 15% discount right now, expect it to close once people realize this, and also once CR hits 100% all revenue will flow to veFXS and juice yields.
Personally, I'm interested in seeing what BAMM will look like in production and how they will innovate on attracting devs to their chain. Let's get it #fraximilists
👀 Crypto Watchlist:
$MATIC - Big news on Polygon zkEVM expected next week!
$VELA - Vela Exchange unveils mysterious "Credits". More info coming soon!
$FXS - Frax's L2 launch soon with FraxChain's points system.
#Crypto #MATIC #FXS #VELA #APT #STG #ZERO #FraxChain #LayerZero
@fraxfinance
Anticipating an Early #FraxChain
The scheduled launch is set for Jan, a development eagerly awaited by everyone.
It wouldn't be surprising if the implementation occurs before, potentially concluding the year on a high note.
What are you waiting for? $FXS
[samkazemian 2 / 2]
Launch frxBTC after Fraxchain so that Frax Finance also issues a BTC-pegged stablecoin everywhere else outside of the Bitcoin blockchain and starts accumulating monetary premium in DeFi.
Nice and informative thread to have a better understanding of how #frax Finance and their ecosystem works!
It's a must read for anyone who's interested in Defi and the way projects manage collaterals!
#DeFi #stablecoins #fraxchain
.@fraxfinance L2 rollup Fraxchain is expected to go live anytime soon
Fraxchain would house the entire Frax ecosystem
In this thread, i'd explain FRAX and its ecosystem like you're a 10-year-old
{Bookmark so you can read later if you're busy rn}
1/21
@fraxfinance has been sharing more about #BAMM. I’ll keep this as an open 🧵 on details from their telegram and other community member accounts as well.
The key things we know are that it’s exclusively on #fraxchain, which leads me to hypothesis that BAMM could be a centerpiece for Frax to grow TVL on their L2, and drive usage of its stable coins $frax $frxeth (gas token), et al
First a high level primer from @FlywheelDeFi pod 👇 and tg response on how it’s fundamentally different from $crvusd / LLAMMA approach
BAMM BAMM BAMM: A Revolutionary DeFi Primitive 💥
BAMM (or Borrow AMM) which is being built by the @fraxfinance Core Team will allow users to use leverage on any token without the need of oracles, adding the ability to borrow from an LP pool safely 🥽
Let's Have A Look 👀
Just to be clear, personally just airdrop farming to see how they execute their GTM. It’s the pre-game
The real main course for me is #fraxchain by @fraxfinance as @samkazemian confirmed native yield is not even a top 3 innovation for their unique approach to L2. 🧠
$fxs $frxeth $frax
🧐 @Blast_L2 is an EVM-compatible, optimistic rollup that raises the baseline yield for users and developers without changing the experience.
$eth and stables you have on the L2 earn yield like crypto natives expect.
This should be a boon for projects like $mkr $ldo that have rwa yield from tbills (stables) or eth staking products.
Wen $fxs too ( $frax v3 and $frxeth ) ?
Would love early access.
⛓️ FRAXCHAIN NEWS ⛓️
The core team mentioned that "this yield thing" isn't even in the top 3 most exciting/unique things about #Fraxchain 👀
@fraxfinance out here revolutionizing what it means to be an L2 w/ Fraxchain 🦅
My boy @CJ900X is starting to look at $fxs from a price action standpoint.
@fraxfinance is also one of the projects that have the strongest fundamentals and catalysts coming with #fraxchain , $frax v3 bringing in rwa yields
FA + TA normally results in 🔥
I like $FXS here.
Holding the D1 EMA 200 + Daily Demand. Pressing a quarter range level which has acted as resistance in the past. I think mid-range is next.
$fxs flipped the key $6 level this week, with airspace to $14 near term. I don’t make the rules.
The halvening will likely be less of a catalyst then things like $frxeth, #fraxchain, #bamm, how CR will be 100% soon, et al
@fraxfinance has been one of my favorite bear market accumulation plays along with $cvx. Will be sad when they are breaking out of accumulation range
#Fraxchain 估计要明年了，测试网和Devnet可能今年年底
So far, we've had @BuildOnBase and @worldcoin.
@fraxfinance's #fraxchain seems likely to build on the $OP stack, as do many others. The SuperChain thesis is slowly becoming a reality, and a portion of all revenue from all chains flows to @optimismFND, which is then controlled via $OP governance.
$OP is doing some interesting things.
Increased developer base ✅
Increased Value Accrual ✅
We built the OP Stack to be the most forkable, modular scaling infrastructure out there.
That bet on community is paying off: it feels like every other day someone gives the OP Stack a new superpower, or launches a new chain. 🥞🦸♂️✨
But the story doesn’t end there.
I wouldn't overlook @fraxfinance.
#sfrxETH is the fastest growing $ETH LST there has been. It's also the greatest yielding by a considerable amount.
frxETH v2, and $FRAX v3 are in the works, and the new #fraxchain will use frxETH to pay for gas.
A lot is cookin'
@fraxfinance a beneficiary of $xrp decision as well as it’s in the same boat.
Also has fundamentals with revenue from $frxeth, #fraxlend, $frax POL farming, $fpis, #fraxchain, et al
When $frax CR 100% vote escrowed $fxs will be the beneficiary of all that revenue.
$fxs $cvx
[samkazemian 1 / 2] Recent XRP news is beyond bullish for Frax ecosystem and crypto in general. FXS never had an ICO nor sold to "retail" etc. Also FXS properly doing well today as a big gainer (gained in value against BTC+ETH too). Overall, I'm personally quite happy about
Good afternoon. #FXS #Fraxchain
Mindboggling that their Liquidity is $55 million 😳💰
In reality, u can put $1 mill and need a 1.5X to make $500K
Thank u @FesCrypto for further convincing me on their development🤝
$FXS just announced Fraxchain - L2 hybrid rollup
4th biggest LSD aims to give more utility to:
→ $FRAX
→ $frxETH
→ $FXS
They also plan to implement Decentralized sequencers.
This could change L2 space forever.
Everything you need to know in 2 minutes🧵
@WolfOfPoloniex Get a bag of Frax $FXS . Big things happening.
Bottomed out and they recently announced #fraxchain L2 they’re building.
Liquidity $55 Million! on Uniswap/Fraxswap so take half ur Leverage Profits from Bybit and ape BIG💰
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