(1/20) To @samkazemian: I thought we talked about this, please slow down on the alpha!
To @SmallCapScience and @dcfgod: THANK YOU!!!
To everyone else: @bigboyboccaccio is the hero, this is just a dramatic reading of his notes.
Re: @MarketCapping about @fraxfinance
To @SmallCapScience and @dcfgod: THANK YOU!!!
To everyone else: @bigboyboccaccio is the hero, this is just a dramatic reading of his notes.
Re: @MarketCapping about @fraxfinance
https://twitter.com/bigboyboccaccio/status/1534400390506192897
(2/20) Yesterday @samkazemian was on @MarketCapping to discuss @fraxfinance, and boy was it a BANGER!
I suggest you listen for yourself, but if you can't you're in luck! @bigboyboccaccio listened in and wrote out some 🤌 notes.
Thank you for sharing!
I suggest you listen for yourself, but if you can't you're in luck! @bigboyboccaccio listened in and wrote out some 🤌 notes.
Thank you for sharing!
https://twitter.com/MarketCapping/status/1534539046197796870?s=20&t=xdW1kG3aEkguVK_1797GqQ
(3/20) This thread is going to be an abbreviated summary of another persons notes of a conversation between 3 others.
Derivative to a degree that @tztokchad would appreciate!
(PS: actually read the portion of @bigboyboccaccio's notes I attach; if you don't you'll miss out)
Derivative to a degree that @tztokchad would appreciate!
(PS: actually read the portion of @bigboyboccaccio's notes I attach; if you don't you'll miss out)
(4/20) FRAX, Curve & FraxBasePool
For brevity I am going to leave my explainer link here and just let you read up.
For brevity I am going to leave my explainer link here and just let you read up.
https://twitter.com/SalomonCrypto/status/1529892630624190465
(5/20) The biggest FRAXBP news from yesterday is an update/clarification on the timeline.
Tl;dr theres technical stuff happening in the background that needs to happen before anything can be voted on. After its done, there will be two separate votes: FRAXBP and whitelisting $CRV
Tl;dr theres technical stuff happening in the background that needs to happen before anything can be voted on. After its done, there will be two separate votes: FRAXBP and whitelisting $CRV
(6/20) @fraxfinance Fundamentals
AMOs - automated investment managers that deploy Frax's capital to harvest yield (responsibly)
CR - measure of the market's faith in "algorithmic backing"
DR - measure of how "crypto-native" Frax's collateral backing is
AMOs - automated investment managers that deploy Frax's capital to harvest yield (responsibly)
CR - measure of the market's faith in "algorithmic backing"
DR - measure of how "crypto-native" Frax's collateral backing is
(7/20) One of the (many) special things about @fraxfinance is that it is entirely on-chain. You can understand everything about $FRAX by analyzing the chain.
Based on deterministic models, you can show that if every person sold their $FRAX into POL, $FRAX would not depeg.
Based on deterministic models, you can show that if every person sold their $FRAX into POL, $FRAX would not depeg.
(8/20) Tl;dr @samkazemian thinks @fraxfinance should focus all of its attention on-chain. @bigboyboccaccio wrote poetry here.
My opinion? Sam was spitting 🔥. My only suggestion: You need to be in front of congress, my friend.
"If you aren't at the table, you are on the menu."
My opinion? Sam was spitting 🔥. My only suggestion: You need to be in front of congress, my friend.
"If you aren't at the table, you are on the menu."
(9/20) $FXS
$FXS is more than $FXS ↔️ $FRAX. It is accruing value by generating real, external revenue.
@fraxfinance can value $FXS based on hard metrics and make a determination when $FXS is undervalued. In those cases, Frax might want to buy back $FXS.
$FXS is more than $FXS ↔️ $FRAX. It is accruing value by generating real, external revenue.
@fraxfinance can value $FXS based on hard metrics and make a determination when $FXS is undervalued. In those cases, Frax might want to buy back $FXS.
(10/20) Fraxswap
I'll drop another explainer here. Use this to get caught up to speed on Fraxswap and we'll use the next tweets to discuss any updates/new ideas.
I'll drop another explainer here. Use this to get caught up to speed on Fraxswap and we'll use the next tweets to discuss any updates/new ideas.
https://twitter.com/SalomonCrypto/status/1533202590304960512
(11/20)
- Long term Fraxswap has a switch that can distribute fees to $FXS holders.
- Fraxswap is not zero-sum competitive with @CurveFinance. Fraxswap solves a different need, primarily with DAOs with a regular need to rebalance their token.
- Long term Fraxswap has a switch that can distribute fees to $FXS holders.
- Fraxswap is not zero-sum competitive with @CurveFinance. Fraxswap solves a different need, primarily with DAOs with a regular need to rebalance their token.
(13/20) Fraxlend
ALPHA #alpha #cryptoalpha #comehereforalpha #payattention!!!!!
I'll leave you with (in my opinion) the most important goal of Fraxlend: create use cases for $FRAX.
ALPHA #alpha #cryptoalpha #comehereforalpha #payattention!!!!!
I'll leave you with (in my opinion) the most important goal of Fraxlend: create use cases for $FRAX.
(14/20) Ecosystem
And again, @samkazemian hammers this home: $FXS is more than just something to burn to create $FRAX, it is a ve-token with control over an incredibly large and profitable treasury.
And again, @samkazemian hammers this home: $FXS is more than just something to burn to create $FRAX, it is a ve-token with control over an incredibly large and profitable treasury.
(15/20) ve-tokens are an economic primitive that allows the market to express the value of a token's governance power.
ve-tokens / $veFXS give the market the ability to discover and express even more value.
ve-tokens / $veFXS give the market the ability to discover and express even more value.
https://twitter.com/SalomonCrypto/status/1523419330100162561
(16/20) Well @samkazemian wasn't saying exactly that, those are my words.
What he is saying is "build on our programmable money!!! Build on $FXS (and $FRAX)"
What he is saying is "build on our programmable money!!! Build on $FXS (and $FRAX)"
(17/20) FPI Yield Sustainability
$FPI is a "stablecoin" that matches inflation.
@fraxfinance only wants to provide/use yields that derive revenue from real sources (as opposed to ephemeral sources like marketing spend @anchor_protocol 👀)
$FPI is a "stablecoin" that matches inflation.
@fraxfinance only wants to provide/use yields that derive revenue from real sources (as opposed to ephemeral sources like marketing spend @anchor_protocol 👀)
(18/20) Long term future
ALPHA #alpha #cryptoalpha #comehereforalpha #payattention!!!!!
Wen Fraxchain????
ALPHA #alpha #cryptoalpha #comehereforalpha #payattention!!!!!
Wen Fraxchain????
(19/20) And that's a wrap!
Thank you @bigboyboccaccio!!! Once again, you're the true hero. I see he has a substack; if all his work is half as thorough as this I highly recommend subscribing!
@SmallCapScience @dcfgod great show! I'm now a subscriber!
Thank you @bigboyboccaccio!!! Once again, you're the true hero. I see he has a substack; if all his work is half as thorough as this I highly recommend subscribing!
@SmallCapScience @dcfgod great show! I'm now a subscriber!
(20/20) @samkazemian, remember our discussion on the rate of alpha? Do you remember what I asked you about slowing down???
https://twitter.com/SalomonCrypto/status/1531992193166188544?s=20&t=CC4B3EuYRBlm4DkN6snAAw
@samkazemian @MarketCapping episode: bit.ly/FraxCast
@bigboyboccaccio notes: bit.ly/FraxNotes
Like what you read? Help me spread the world by retweeting the thread (linked below).
Follow me for more!!
@bigboyboccaccio notes: bit.ly/FraxNotes
Like what you read? Help me spread the world by retweeting the thread (linked below).
Follow me for more!!
https://twitter.com/SalomonCrypto/status/1534702357962903552?s=20&t=GHTHuA1icGQNuPM1rrgvng
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