tbh

[tbh @hunterfinch7]

@NateGeraci This won't age well

[tbh @hunterfinch7]

@42MacroAware @42Macro Thanks 🙏 This one slide is so useful. I follow kiss directionally but I tweak the actual allocations to better suit my own goals.

[tbh @hunterfinch7]

@alxxandrea_ @MetaKeysDAO Are they just fully rugging at this point?

[tbh @hunterfinch7]

@MetaKeysDAO I suggest you wind down the project and distribute the treasury. It's the right thing to do and there's no shame in it.

[tbh @hunterfinch7]

@42MacroAware Thanks! 🙏

[tbh @hunterfinch7]

@42MacroAware @42Macro Which component caused it to go positive? Is it because the rrp is getting drained? I would think the other parts of the formula are not going in a positive direction

[Stacy Muur @stacy_muur]

Frax Finance is one of my top investment convictions for 2023-2024.

To help you understand why I'm so bullish on $FXS, I've summarized everything you need to know:

❯ Ecosystem flywheel
❯ Future upgrades
❯ Long-term confidence

Let's go!

@fraxfinance is undoubtedly one of the most intricate DeFi ecosystems. It encompasses all trending DeFi categories, creating a robust revenue flywheel:

❯ Liquid Staking: $frxETH – currently the most yielding LST with multiple LSTfi options.

❯ Stablecoins: $FRAX and $FPI – a stablecoin pegged to a basket of consumer assets.

❯ Stablecoin staking: $sFRAX (voting)

❯ Lending: FraxLend

❯ AMM/TWAMML FraxSwap

❯ Bridge: FraxFerry

❯ L2: FraxChain (to be released)

❯ ve(3,3): $FXS

FRAX STABLECOIN

Their flagship product, the FRAX stablecoin, was the first stablecoin to combine partial collateralization with algorithmic control.

Although they transitioned to a fully collateralized model in 2023 after the collapse of $UST, this move demonstrated Frax Finance's commitment to innovation and pushing the industry's boundaries.

FRAXSWAP

Frax Finance's native DEX, FraxSwap, was launched in June 2022, making it the first live implementation of the Time-Weighted Automated Market Maker (TWAMM) in the market.

This innovative system allows for the processing of large orders over time, preventing significant price fluctuations.

FraxSwap is also utilized for the buyback of FXS tokens from the market. The profits generated from Frax Finance's algorithmic market operations (AMO) are used for this purpose. These AMOs leverage collateral in Frax Finance, contributing to the yield for FXS holders.

FRAXLEND

Following the deployment of FraxLend, a money market platform, Frax Finance experienced a significant increase in the adoption of FRAX.

This platform allowed users to borrow FRAX by using assets as collateral. Additionally, Frax Finance actively participated in the well-known Curve Wars, strategically directing rewards to FRAX pools to attract more users to the platform.

FRAXFERRY

To support their multichain expansion efforts, Frax Finance later introduced FraxFerry. This platform assists with the seamless bridging of Frax assets across the supported chains.

FRAX ETHER

Finally, let's talk about one of Frax's most significant products: Frax Ether (frxETH). It marked Frax's entry into the LSD space, competing with market leaders such as Lido and Rocket Pool.

Although frxETH was launched in October 2022, it rapidly became one of the protocol's crucial offerings. This was due to the growing popularity of the LSD narrative leading up to this year's Ethereum Shapella upgrade.

In May 2023, Frax Finance introduced frxETH V2, which took frxETH to the next level. In essence, frxETH V2 redefined LSDs as a way to lend ETH to validators and earn "interest." Stakers receive the yield as the interest payment.

Under this framework, frxETH V2 allows deposited ETH in Frax to be lent out to Ethereum node operators. These operators provide the necessary collateral and pay an interest rate to borrow ETH from Frax Finance. The interest payments from these loans are distributed to frxETH stakers as yield.

FRAXCHAIN

In contrast to existing Layer 2 solutions in the market, Fraxchain will introduce a hybrid rollup approach by combining the technologies of Optimistic rollups and zk-rollups.

What makes Fraxchain even more intriguing is its use of frxETH as the gas token on the chain, instead of ETH like other platforms. To ensure sufficient liquidity of frxETH on the chain, FraxFerry will be integrated with Fraxchain right from the start.

The utilization of frxETH for gas transactions holds great significance for Frax Finance. These fees are distributed to holders of veFXS, which can be obtained by locking FXS tokens. This adds further value to FXS stakers who are already benefiting from FXS buybacks funded by FraxLend and FraxSwap fees.

Moreover, as the quantity of frxETH held for gas and utilized on the chain increases, the staked supply of frxETH decreases. This dynamic boosts the overall yield for staked frxETH (sfrxETH) holders, making frxETH more attractive compared to other LSD solutions.

Additionally, there have been hints that Fraxchain will fully utilize account abstraction instead of Externally Owned Accounts (EOAs).

What makes me extremely confident about Frax Finance's long-term success?

• Frax Finance is undeniably one of the most innovative builders in DeFi.
• The introduction of FraxChain will significantly increase the Frax market cap by at least $100M.
• Whenever the price falls below $5, $FXS is repurchased.
• The design of the Frax Ecosystem ensures that the success of one element contributes to the prosperity of the entire ecosystem.
• 51% of circulating $FXS is currently staked.
• There is a possibility that frxETH will be the next asset added to EigenLayer's restaking.

Are you bullish now?

[tbh @hunterfinch7]

@keirstyyy

[Ouroboros Capital / yuzu.money @OuroborosCap8]

The Ouroboros Lifetime Access Pass is an NFT that grants lifetime access to our resources - alpha ideas, in-depth research, proprietary dashboards, alert bots, private AMAs and more. The pass ensures that you will have access to our content even if we decide to adopt a subscription model in the future. Your purchase of the Ouroboros Lifetime Access Pass will help crowdfund the development of our content offering and in return allow you lifetime access to it.

https://t.co/VZTMail6ZZ

[tbh @hunterfinch7]

@Evan_ss6 @NorthRockLP whats the superconductor play?

[DefiLlama.com @DefiLlama]

Gotta wonder if some of yesterday's exploits might have been white hacked in time if multiple "auditors" like @SupremacyHQ and @BlockSecTeam hadn't tweeted which Vyper versions were affected when a team was working hard to keep it under wraps. Shameful behaviour.

[banteg @banteg]

to all the auditors and autists out there

you 👏 don't 👏 tweet 👏 live 👏 vulns 👏 before 👏 they 👏 are 👏 fully 👏 mitigated

[James Seyffart @JSeyff]

Bloomberg TV just interviewed Gensler for ~10 minutes. Obviously crypto was a topic. But Gensler didn't really give a ton of meaningful or new insight. He *mostly* refused to discuss specifics for the ripple case or for #Bitcoin ETF filings. Good job @kaileyleinz & @daniburgz

[CryptoCondom @crypto_condom]

I laughed HARD. 🐮>🦄
@cobie steering the narrative correctly.
Now, have a fresh glass of milk & imagine the day wen $COW is more than a governance token. 👀

[tbh @hunterfinch7]

@42MacroAware @myLongbow DD , I loved your interview with Ben Cowen! Amazing content, and I suspect there's a lot of overlap in terms of interests and investment approach between your audience and his.

[tbh @hunterfinch7]

@sc00ter26 @murphonchain @42MacroAware Top*

[tbh @hunterfinch7]

@sc00ter26 @murphonchain @42MacroAware But it was the BTC topic which was the topic back then

[tbh @hunterfinch7]

@murphonchain @42MacroAware Agreed

[Scott Johnsson @SGJohnsson]

Sorry kid, that holographic Charizard is still a security since we can’t know if you bought it for your own consumption or as an investment.

[CryptoCondom @crypto_condom]

Crypto is not sacred. It IS the future of 🇫🇷France but eventually everyone needs to take profit to secure that future....including founders.
If you're offended by teams selling or borrowing against crypto to feed & shelter their families (no matter how nice the house), ngmi.