@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
1/ Solana's DEX volumes are at all-time highs. What's shaping this dynamic market?
- Memecoins capture around 60% of the action.
- Raydium dominates overall market share.
- Lifinity emerges as a frontrunner in the SOL-USD pair.
Here are the key insights 👇
2/ What are users trading onchain? In the past 90 days:
- 60% of volumes have come from memecoins.
- 25% from the SOL-USD pair.
- Project tokens, AI tokens, LST swaps, and stable-to-stable swaps make up the other 15%.
3/ Looking at DEX market share by asset type:
- Raydium dominates memecoin volumes, with a 79% share.
- Lifinity leads in SOL-USD volumes, with a 36% share.
- Orca leads in project tokens, stable-to-stable, and LST swaps, but this represents <10% of total DEX volumes.