Discover and read the best of Twitter Threads about #FRAX
Most recents (16)
暨 #NFT 交易之后，盘点 #NFT借贷 细分领域的潜在变化。
该thread主要涵盖以下3个方面：
1⃣️NFT借贷模式、代表项目及其变化；
2⃣️#BAYC 及其直系NFT开启挖矿（ $APE ）功能；
3⃣️NFT细分业务的拓展整合.
附上之前NFT交易赛道的文章链接：
该thread主要涵盖以下3个方面：
1⃣️NFT借贷模式、代表项目及其变化；
2⃣️#BAYC 及其直系NFT开启挖矿（ $APE ）功能；
3⃣️NFT细分业务的拓展整合.
附上之前NFT交易赛道的文章链接：
$FRAX最初定位为部分抵押算法稳定币。在其新近通过的FIP188 中，社区以98%的通过率同意提升CR至100%。CR(Collateral Ratio, 抵押比例)是稳定币的核心设计要素之一。通过探究Frax中CR的运作机制及其历史上的变化，我们尝试来看为何@fraxfinance会做出这种决策，走上完全抵押之路。
#frax #defi #稳定币
#frax #defi #稳定币
1/N Frax V1: CR <100%
Frax 的生成机制经历过调整。最初出于提升资金效率的考虑，其提出了不足额抵押（CR <100%，抵押物为 USDC)的 V1 版本设计，非足额部分由 FXS (Frax 的治理代币）补齐，并由市场来决定合适的 CR 比例。即 Frax 价格是市场对于 CR 取值的投票机。
Frax 的生成机制经历过调整。最初出于提升资金效率的考虑，其提出了不足额抵押（CR <100%，抵押物为 USDC)的 V1 版本设计，非足额部分由 FXS (Frax 的治理代币）补齐，并由市场来决定合适的 CR 比例。即 Frax 价格是市场对于 CR 取值的投票机。
2/N 如果 Frax 价格高于1，则可以适度降低 CR（.25% 的单次降幅，可由社区投票改变该参数），鼓励投资者进行铸造增加供给，反之则提高 CR。套利者在这个过程中帮助将价格拉回 1 的中正位。最后希望达到的平衡态是协议在市场认为合理的 CR 铸造了市场需要的稳定币数量，从而 Frax 价格可以 Peg 在 $1。
Total Value Locked of #LSD protocols has surpassed lending protocols! 🙌 🔥
Find out how you can capitalize on this investment opportunity. 👇 🧵 (thread)
Find out how you can capitalize on this investment opportunity. 👇 🧵 (thread)
1/ According to @DefiLlama , the total value locked (TVL) in LSD protocols has reached $14.21 billion, exceeding lending protocols.
One of the targeted assets, $SSV, has seen tremendous growth in February 2023, reaching $45, up by 4.5 times from its January low.
One of the targeted assets, $SSV, has seen tremendous growth in February 2023, reaching $45, up by 4.5 times from its January low.
2/ As a common investor, how can you leverage this impressive rise in Liquid Staking Derivates?
CurveWars - #Frax Strikes Back🚀
Enter the world of the $ALLUO team, where $CRV's biggest brain, @JackNiewold , breaks down the latest in the #CurveWars.
With insights and golden nuggets, Jack shares his vision for leaving a lasting impact in the crypto space.
[A Thread🧵]
Enter the world of the $ALLUO team, where $CRV's biggest brain, @JackNiewold , breaks down the latest in the #CurveWars.
With insights and golden nuggets, Jack shares his vision for leaving a lasting impact in the crypto space.
[A Thread🧵]
🧵2/8
The Saga of the Curve Wars
In a galaxy far, far away, $CRV popularized DeFi and emerged victorious in Curve Wars 1.0.
In 2021, @JackNiewold recapped this momentous event, but by June '22, he had a new perspective on the power of governance.
The Saga of the Curve Wars
In a galaxy far, far away, $CRV popularized DeFi and emerged victorious in Curve Wars 1.0.
In 2021, @JackNiewold recapped this momentous event, but by June '22, he had a new perspective on the power of governance.
🧵3/8
The Heat of the Battle🔥
Curve Wars 1.0 was all about stability, but Curve Wars 2.0 is heating up with something new.
$FRAX has arrived and is leading the charge, with over 20 LSDs ready to ignite the DeFi ecosystem with liquidity.
The Heat of the Battle🔥
Curve Wars 1.0 was all about stability, but Curve Wars 2.0 is heating up with something new.
$FRAX has arrived and is leading the charge, with over 20 LSDs ready to ignite the DeFi ecosystem with liquidity.
Crypto has a branding problem.
It’s been 10 years since Bitcoin was launched… but still no cryptocurrencies have replaced traditional payment methods!
If crypto is the future… why is no one using it to pay for things?
A new paper by Luke Kowalski may give us some insight 👇
It’s been 10 years since Bitcoin was launched… but still no cryptocurrencies have replaced traditional payment methods!
If crypto is the future… why is no one using it to pay for things?
A new paper by Luke Kowalski may give us some insight 👇
If you want to skip the summary and read the whole article check it out here.
Lackluster Adoption of Cryptocurrencies as a Consumer Payment Method in the United States—Hypothesis: Is This Independent Technology in Need of a Brand, and What Kind?
mdpi.com/1911-8074/16/1…
Lackluster Adoption of Cryptocurrencies as a Consumer Payment Method in the United States—Hypothesis: Is This Independent Technology in Need of a Brand, and What Kind?
mdpi.com/1911-8074/16/1…
Bitcoin has been sold as a new payment technology better than existing payment solutions.
But no one actually uses Bitcoin for payments. Digital gold is stored, not spent.
Sure, some governments have made Bitcoin legal tender, but the uptake has been tepid at best.
But no one actually uses Bitcoin for payments. Digital gold is stored, not spent.
Sure, some governments have made Bitcoin legal tender, but the uptake has been tepid at best.
$FXS saw a nearly 18% surge at one point in the past 24h following the expectation about its upcoming liquid staking protocol and $frxETH release.
What's in store for @fraxfinance and what the future holds: A 🧵
0/ 👇
What's in store for @fraxfinance and what the future holds: A 🧵
0/ 👇
1/ On its way to becoming a "decentralized central bank," @fraxfinance has shipped new innovations to the #crypto-verse.
And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @Ethereum staking process, is the latest one to come to life.
And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @Ethereum staking process, is the latest one to come to life.
2/ $frxETH acts as an $ETH-pegged #stablecoin, but the peg will be "soft" at first and become "tight" after Shanghai withdrawals, according to @samkazemian:
As frxETH can be exchanged 1:1 with ETH, the amount of frxETH in circulation must be equal to the
As frxETH can be exchanged 1:1 with ETH, the amount of frxETH in circulation must be equal to the
Sept. 7, 2022: Awesome to the Frax 🌚🏋️
Fraxlend launches as #Frax Base[d]Pool Flippens #3CRV
curve.substack.com/p/sept-7-2022-…
🧵1/8👇
Fraxlend launches as #Frax Base[d]Pool Flippens #3CRV
curve.substack.com/p/sept-7-2022-…
🧵1/8👇
🧵2/8
Frax is sprinting into the Merge, with a flurry of activity in the final week.
Frax debuted its much anticipated Fraxlend (app.frax.finance/fraxlend/avail…), bringing a robust DeFi ecosystem under one roof.
Frax is sprinting into the Merge, with a flurry of activity in the final week.
Frax debuted its much anticipated Fraxlend (app.frax.finance/fraxlend/avail…), bringing a robust DeFi ecosystem under one roof.
🧵3/8
Fraxlend launches with WBTC and WETH, the other two assets described by @samkazemian as "trillion dollar narratives":
They have plans to onboard far more assets, including Curve LP positions.
Fraxlend launches with WBTC and WETH, the other two assets described by @samkazemian as "trillion dollar narratives":
They have plans to onboard far more assets, including Curve LP positions.
Who was the biggest victim of Sandwich #MEV yesterday? It's a Token Millionaire who's been receiving more than $10M $USDT. zapper.fi/account/0xbbc5…
#1
#1
The whale swapped more than $6.1M $USDT for $WETH and became the 😢 of 🥪 , losing $21,357.53. eigenphi.io/ethereum/tx/0x…
#2
#2
The 👿 used ( $WETH , $aWETH , $variableDebtUSDC , $USDC , $aUSDC , $USDT ) for the attack. We have dissected this MO in this post: How to Use AAVE Loan to Launch a Sandwich MEV Attack?
eigenphi.substack.com/p/aave-loan-sa…
#3
eigenphi.substack.com/p/aave-loan-sa…
#3
1/10 Who was the biggest victim of Sandwich #MEV yesterday? It's a Token Millionaire who's been receiving more than $10M $USDT. zapper.fi/account/0xbbc5…
2/10 The whale swapped more than $6.1M $USDT for $WETH and became the 😢 of 🥪 , losing $21,357.53. eigenphi.io/ethereum/tx/0x…
3/10 The 👿 used ( $WETH , $aWETH , $variableDebtUSDC , $USDC , $aUSDC , $USDT ) for the attack. We have dissected this MO in this post: How to Use AAVE Loan to Launch a Sandwich MEV Attack?
eigenphi.substack.com/p/aave-loan-sa…
eigenphi.substack.com/p/aave-loan-sa…
1/21
Stablecoins
It’s been a brutal week for most crypto holders with extreme selloffs on nearly all assets.
A lot of people fled to the safety of stablecoins thinking they were safe.
But UST depegged and FUD now also reached USDT.
Do your research & know your investment! 🧵👇
Stablecoins
It’s been a brutal week for most crypto holders with extreme selloffs on nearly all assets.
A lot of people fled to the safety of stablecoins thinking they were safe.
But UST depegged and FUD now also reached USDT.
Do your research & know your investment! 🧵👇
2/
Coins we're looking at:
* #USDT
* #USDC
* #BUSD
* #UST
* #DAI
* #FRAX
* #MIM
* #TUSD
* #USDP
It's a lot of information to take in but it's important to understand in what asset you park your money. Always DYOR! This is meant as a rough guide for understanding.
Coins we're looking at:
* #USDT
* #USDC
* #BUSD
* #UST
* #DAI
* #FRAX
* #MIM
* #TUSD
* #USDP
It's a lot of information to take in but it's important to understand in what asset you park your money. Always DYOR! This is meant as a rough guide for understanding.
3/
#USDT
* Controversial, yet most popular.
* Lots of indications that the 1:1 fiat to crypto backing they claim to have is in fact false.
* April 2019: Tethers own lawyers had to admit that the company had only 74% of the #USDT in fiat backing (tinyurl.com/3ce233zc).
#USDT
* Controversial, yet most popular.
* Lots of indications that the 1:1 fiat to crypto backing they claim to have is in fact false.
* April 2019: Tethers own lawyers had to admit that the company had only 74% of the #USDT in fiat backing (tinyurl.com/3ce233zc).
1/ The #NEAR Protocol stablecoin is out: #USN
1 USN is always backed at 100% by NEAR + stables in the Reserve Fund.
You can mint 1 USN against $1 of NEAR & earn at least 10% APY (Reserve Fund yield).
How does it work and is it superior to #Luna/#UST?
YES.
Why? A thread 👇
1 USN is always backed at 100% by NEAR + stables in the Reserve Fund.
You can mint 1 USN against $1 of NEAR & earn at least 10% APY (Reserve Fund yield).
How does it work and is it superior to #Luna/#UST?
YES.
Why? A thread 👇
2/ What is $USN?
A fully collateralized, algorithmic NEAR-native stablecoin pegged to the US dollar.
It uses on-chain smart contract for NEAR/USN arbitrage like UST and StableSwap pool with other stablecoins (swap USDT for USN).
How does it match against other stables? 👇
A fully collateralized, algorithmic NEAR-native stablecoin pegged to the US dollar.
It uses on-chain smart contract for NEAR/USN arbitrage like UST and StableSwap pool with other stablecoins (swap USDT for USN).
How does it match against other stables? 👇
4月剛來到，DeFi界就發生了一件大事💥 就是Terra又有新動作了，Terraform Labs 成員發起治理提案「4pool」，計畫將以 Terra 與 Frax 協議，透過 #Curve 在各個主流區塊鏈上佈署由 #UST、#FRAX、#USDC、#USDT 等四種穩定幣組成的流動性池
#Terra #StableCoin
1/n
#Terra #StableCoin
1/n
目前Curve最大的穩定幣池為 3pool (DAI、USDC、USDT)，由於目前Terra & FRAX已經是Convex & Votium最大持有者之一，再加上Terra會拉攏各個利益相關者，例如OlympusDAO（OHM）和Redacted Cartel（BTRFLY），最後4Pool能取代3Pool的可能性不低
2/n
2/n
真的成為Curve最大的Pool後，APR會是Curve內最高，很容量吸引大量流動性，UST & FXS的需求發行量也很有可能會因而大增，對LUNA和FXS來說可能是個不錯的利好消息
3/n
3/n
1/ The battle between decentralized stablecoins just got serious!
Terra announced the 4pool on Curve made of #UST, #FRAX, #USDC, and #USDT.
This pool is a direct competitor of 3pool: USDT, USDC & DAI (a decentralized stable).
Why was #DAI singled out? Revenge.
A thread 👇
Terra announced the 4pool on Curve made of #UST, #FRAX, #USDC, and #USDT.
This pool is a direct competitor of 3pool: USDT, USDC & DAI (a decentralized stable).
Why was #DAI singled out? Revenge.
A thread 👇
2/ Before explaining what Curve Finance is and the 3 & 4pools, here is why Terra's CEO hates DAI.
@MakerDAO Founder (DAI) called MIM & UST "solid ponzis" in Jan 2022 (pictured).
Terra did not take long to respond and their plan is aimed at crushing DAI.
How? 👇
@MakerDAO Founder (DAI) called MIM & UST "solid ponzis" in Jan 2022 (pictured).
Terra did not take long to respond and their plan is aimed at crushing DAI.
How? 👇
3/ @CurveFinance is the largest AMM for stables with almost no slippage & very low fees.
It is the to-go place to swap stables for whales = juicy fees + extra profits for those controlling CRV rewards allocations.
Who controls CRV rewards, has a huge leverage on DeFI.
Next 👇
It is the to-go place to swap stables for whales = juicy fees + extra profits for those controlling CRV rewards allocations.
Who controls CRV rewards, has a huge leverage on DeFI.
Next 👇
1/ I see a lot hopium on my feed, but its time for a cold shower.
Are we out of the bear market? Probably not.
Here are 10+ reasons why you don't want to drop the soap. 😂
🚨 Bearish divergence warning on multiple charts.
Lets dive deeper, a thread. 👇
Are we out of the bear market? Probably not.
Here are 10+ reasons why you don't want to drop the soap. 😂
🚨 Bearish divergence warning on multiple charts.
Lets dive deeper, a thread. 👇
2/ Lets start with stable coins first, then move to more "exotic" assets in crypto (e.g. NFTs/DeFI).
First, #USDC - best centralized stablecoin (aka, they can freeze your money).
See that beautiful top? USDC market cap falling since 1 Mar 2022 + double top = bearish.
Next 👇
First, #USDC - best centralized stablecoin (aka, they can freeze your money).
See that beautiful top? USDC market cap falling since 1 Mar 2022 + double top = bearish.
Next 👇
1/ I just read #KuCoin's 2021 Annual Report and 2022 Forecast on the Crypto Industry.
Here are my key takeaways, a thread. 🧵
Lets go! 👇👇👇
#DeFI / #NFT / #DAO / #Stablescoins / #Memecoins / #Risks
Here are my key takeaways, a thread. 🧵
Lets go! 👇👇👇
#DeFI / #NFT / #DAO / #Stablescoins / #Memecoins / #Risks
2/ #BTC and #ETH remain the undisputed market leaders.
🔸BTC was the best performing major asset in 2021
🔹ETH has also been gaining traction as a store of value
ETH becoming deflationary is a big change (pictured).
More on ETH next 👇
🔸BTC was the best performing major asset in 2021
🔹ETH has also been gaining traction as a store of value
ETH becoming deflationary is a big change (pictured).
More on ETH next 👇
3/ #ETH Gas Fees
ETH network occupancy rate was over 98% in 2021 (pictured)!
This is close to its resource critical point leading to high gas fees / the scaling problem.
#DeFI ecosystem is limited by the performance of ETH.
ETH2.0 is expected in 2022. Next, #shitcoins 👇
ETH network occupancy rate was over 98% in 2021 (pictured)!
This is close to its resource critical point leading to high gas fees / the scaling problem.
#DeFI ecosystem is limited by the performance of ETH.
ETH2.0 is expected in 2022. Next, #shitcoins 👇
1/ @coingecko 2021 年度报告中文版完整版与重点总结
coingecko 的报告一直都是从非常宏观的角度看待行业的兴衰（大部分是兴），对于长线投资人而言还是挺有启发的。
起起伏伏操作一年可能不如跟大势按兵不动要好的多。
人人都知道的道理，只是需要理由说服自己。🧵⬇️
wayneti.substack.com/p/coingecko-an…
coingecko 的报告一直都是从非常宏观的角度看待行业的兴衰（大部分是兴），对于长线投资人而言还是挺有启发的。
起起伏伏操作一年可能不如跟大势按兵不动要好的多。
人人都知道的道理，只是需要理由说服自己。🧵⬇️
wayneti.substack.com/p/coingecko-an…
2/ 2021 整体概况
- 2021 年整个行业市值收于两万亿美元，最高行业市值超过三万亿美元，比特币市值占比年底时已经低于 40%
- 公链（以太坊和以太坊竞争者），MEME 币涨的最多
- DeFi TVL 继续上涨，稍微有点起色的公链上都有不少协议，支撑 DeFi
- 2021 年整个行业市值收于两万亿美元，最高行业市值超过三万亿美元，比特币市值占比年底时已经低于 40%
- 公链（以太坊和以太坊竞争者），MEME 币涨的最多
- DeFi TVL 继续上涨，稍微有点起色的公链上都有不少协议，支撑 DeFi
3/ 2021 整体概况
- 下半年 NFT 爆发，Axie 游戏爆火，NFT 一年总交易量接近 240 亿美元
- 从 Facebook 改名 Meta 开始，原宇宙，Web3 概念爆发，NFT 为基础的 GameFi，SocialFi 概念继续发酵
- Coinbase 纳斯达克上市，比特币期货 ETF 美国上市，萨尔瓦多接受比特币作为法定货币
- 下半年 NFT 爆发，Axie 游戏爆火，NFT 一年总交易量接近 240 亿美元
- 从 Facebook 改名 Meta 开始，原宇宙，Web3 概念爆发，NFT 为基础的 GameFi，SocialFi 概念继续发酵
- Coinbase 纳斯达克上市，比特币期货 ETF 美国上市，萨尔瓦多接受比特币作为法定货币
