Discover and read the best of Twitter Threads about #frxETH
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$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 🧵
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What's in store for @fraxfinance and what the future holds: A 🧵
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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
As a brief spell of excitement after the CPI release faded, $BTC began the week with a small rise.
This was accompanied by a rally in #stocks and a -9.1 Empire State Manufacturing Index, indicating weaker U.S. economic data.
In @COIN360com Daily Digest:
This was accompanied by a rally in #stocks and a -9.1 Empire State Manufacturing Index, indicating weaker U.S. economic data.
In @COIN360com Daily Digest:
1/ In the pic:
@Mastercard @PaxosGlobal @GlobalHolon @SocieteGenerale @FTX_Official @ripple @fraxfinance @MagicEden @apecoin @LiveArtX @DigihostTech @Casper_Network @quant_network @HuobiGlobal @ton_blockchain @ensdomains @wavesprotocol
@Mastercard @PaxosGlobal @GlobalHolon @SocieteGenerale @FTX_Official @ripple @fraxfinance @MagicEden @apecoin @LiveArtX @DigihostTech @Casper_Network @quant_network @HuobiGlobal @ton_blockchain @ensdomains @wavesprotocol
2/ $BTC marked a 2% increase in the past 24h to drive the price above $19,500 after a quiet weekend.
This came after #BTC investment products saw a total $8.8M inflow last week, implying a net neutral sentiment amongst investors as per @coinsharesco: blog.coinshares.com/volume-102-dig…
This came after #BTC investment products saw a total $8.8M inflow last week, implying a net neutral sentiment amongst investors as per @coinsharesco: blog.coinshares.com/volume-102-dig…
