Mark my words Anon, history is being made as you read: the name of the game is @fraxfinance
This is a collection of🧵🧵 to explain you how they are leveraging partnerships with all the best DeFi 2.0 projects in the space like @OlympusDAO @templedao @ConvexFinance @TokenReactor
This is a collection of🧵🧵 to explain you how they are leveraging partnerships with all the best DeFi 2.0 projects in the space like @OlympusDAO @templedao @ConvexFinance @TokenReactor
1/ Firstly, enter $FPI:
Here's an important 🧵by none the less of the @fraxfinance funder and mastermind @samkazemian on the topic of CPI, inflation and welfare
Here's an important 🧵by none the less of the @fraxfinance funder and mastermind @samkazemian on the topic of CPI, inflation and welfare
https://twitter.com/samkazemian/status/1400308033104670725
2/ Hope you read carefully the above post but here's the tldr:
- the $ is soft-pegged to the CPI by design
- the main utility for stables is that of stabilizing your standards of living and the $ does it around CPI value
- the $ is soft-pegged to the CPI by design
- the main utility for stables is that of stabilizing your standards of living and the $ does it around CPI value
3/ - how CPI is calculated is unfair and simply owning and working for fiat causes new generations to loose purchasing power over time and lowering their standards of living.
We need better solutions and $FPI is that solution!
We need better solutions and $FPI is that solution!
4/ $FPI is the equivalent of the CPI made by the @fraxfinance's team, it will be airdropped to $FXS holders/stakers, you are still in time to accumulate since the snapshot hasn't been taken yet.
$FXS has a lot going on so, firstly, be sure to read this🧵
$FXS has a lot going on so, firstly, be sure to read this🧵
https://twitter.com/Rewkang/status/1453427060903448578
5/ @OlympusDAO and @ohmzeus are already supporting @fraxfinance by owning it as a stable in their treasury and accepting $OHM - $FRAX LP for their bonds.
This doesn't probably end here since the two are collaborating to the creation of a new yeld product involving $FXS and $FPI
This doesn't probably end here since the two are collaborating to the creation of a new yeld product involving $FXS and $FPI
6/ Sooner than later the team behind @templedao, which is the most promising $OHM fork in my opinion, is launching their product and driving further demand for the $FRAX stable coin.
7/ The latter is going to be massive since they will only accept $FRAX in their Opening Cerimony as a contribution to their reserve to mint new coins and raise IV
Here is a great 🧵 on why this could send $FXS parabolic by mr. @SillyPunts
Here is a great 🧵 on why this could send $FXS parabolic by mr. @SillyPunts
https://twitter.com/SillyPunts/status/1453519222785544194
8/ Also, a @TokenReactor has just gone live, allowing you to earn 40% APR on it and creating a pool of liquidity for market making as voted by $TOKE holders
@CryptoGrills has the best 🧵on the topic I've seen on CT
@CryptoGrills has the best 🧵on the topic I've seen on CT
https://twitter.com/CryptoGrills/status/1450933753145184268
9/ A lot going on with @ConvexFinance to incentivise LP pools and further lockups of $veFXS
https://twitter.com/fraxfinance/status/1448161311603531776
10/ 🔥This is a perfect storm!🔥
If you are looking for the next $SPELL, an infrastructure play on the future of economics, I believe that at this point you are looking in the right place!
🐸Vive la France!🐸
If you are looking for the next $SPELL, an infrastructure play on the future of economics, I believe that at this point you are looking in the right place!
🐸Vive la France!🐸
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