@fraxfinance@0xpibblez 2/ $FRAX supply currently sits at only 20% of DAI's supply. With new developments, FRAX demand could surge 400% before breaking even with DAI.
The value and revenue from this growth, of course, would flow to FXS holders
@fraxfinance@0xpibblez 3/ $FXS holders are currently voting on a $20M revenue-fueled buyback.
With a new TWAMM and FraxSwap, Frax stands to earn even more revenue via a 0.3% trading fee on all swaps.
FraxSwap is a permissionless treasury management tool for DeFi projects to conduct monetary policy
@fraxfinance@0xpibblez 4/ Frax introduced plans for real world asset lending AMOs through its new Fraxlend product, which is set to launch within 7 days.
This will serve as a new, composable primitive that permits both under-collateralized and over-collateralized loans for individuals and protocols
@fraxfinance@0xpibblez 5/ Frax's @curvefinance base pool is up for vote. With Frax providing 1/2 of the 3pool liquidity, a FRAXBP could shake up the state of stableswaps on Curve.
Protocols will gain capital efficiency, and Frax will become a supply sink for CRV
Frax's CVX holdings have proven to be beneficial in the recent Frax/CRV voting rounds
@fraxfinance@0xpibblez@CurveFinance@ConvexFinance 7/ Despite the UST meltdown, FRAX's collateralization ratio still sits at ~90% and the peg proved resilient, even with recent liquidation events across DeFi.
All developments will translate to more revenues for Frax and more fuel to benefit FXS holders @fraxbull1
@AerodromeFi is a "MetaDEX" that combines elements of various DEX primitives such as Uniswap V2 and V3, Curve, Convex, and Votium. Since its launch on Base, it has become the largest protocol by TVL with more than $495B in value locked, doubling Uniswap's Base deployment.
2/
Aerodrome's success can be attributed to its unique architecture which aligns incentives between each category of protocol participant, including traders, LPs, and protocols looking to seed liquidity for their token. It does so through its vote-lock governance model.
3/
Participants must lock AERO tokens in order to receive fees. Locked tokens, veAERO, give users the ability to direct protocol emissions to specific pools, where they receive 100% of fees and emissions.
1/ ArbitrumDAO governance has reached a critical juncture with three new proposals that could significantly shape the DAO's future:
- ARB staking
- New transaction ordering policy
- Increasing the base gas fee
What is Blockworks' research perspective on these proposals? A 🧵
2/ It's important to understand the gravity of these proposals. Staking would allocate 50% of surplus sequencer fees to ARB stakers. In the post, it is assumed that with 12,000 ETH accrued annually, and ARB at $1, the reward rate for staking would be around 7%.
3/ The point of the staking proposal is to align incentives and increase voter participation, which has been declining.
1/ In just 3 months, USDe has skyrocketed to a $3.5B TVL, making it the fourth largest "stablecoin", trailing only USDT, USDC, and DAI.
Coined "The Internet Bond", @ethena_labs aims to create a synthetic dollar with yield derived solely from crypto-native sources.
2/ Stablecoins have long proven their product-market fit by effectively enabling DeFi as a financial system. However, 90% of the stablecoin supply is dependent on traditional banking.
Ethena is highly relevant today as it strives to create a crypto-native store of value.
3/ USDe maintains its peg through a delta-hedging mechanism using Ethereum and Bitcoin as collateral. Users can stake USDe to capture yield derived from funding payments on perpetual futures exchanges as well as staked Ethereum consensus and execution rewards.
Crypto gaming projects and funds raised nearly $1 billion in November 2021
Yet 30 months later we have only a handful of games that have attracted real users apart from mercenary capital and sustained activity for longer than just a few months.
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Most of the games that have "launched" over the past two years can be categorized into three segments:
- Games that never launch
- Games that launch and never have success
- Games that launch, have early success but fail later due to a change in market dynamics
3/
Despite the challenges, several games have managed to stand out and attract attention.
DePIN is ripe to disrupt a range of traditional infrastructure networks.
Let's unpack how investors can best gain long-term exposure to the sector and where the opportunity lies in our latest report, free to read thanks to @POKTnetwork and @AIOZNetwork.