1/ 🚨 FRAXTAL MEGATHREAD 🚨

Fraxtal, the new L2 from @fraxfinance, is now a Top 20 TVL L2 🚀

It pays to be early to a top chain and I think Fraxtal, with its innovative incentives and renowned DeFi assets, is destined for Top 5.

Want in? Earn $FXTL airdrop in a few clicks 🧵 2/ In this thread we will cover 📋
¤ Frax ¤
¤ Fraxtal ⛓
¤ frxETH as Gas ⛽️
¤ Flox Incentives 💸
¤ How to Earn $FXTL 🤑
¤ What's on Fraxtal 🧐
¤ Multichain Future 🌌
¤ Fraxtal Top 5️⃣

1/ So you missed out on AI with $TAO?

What if I told you there's an undervalued project that's:
✅ A #DePIN leader serving billions of relays
✅ Partnering with giants like Infura and Aave
✅ Elite team shipping upgrades
✅ AI upside?

I'm talking about @POKTnetwork $POKT 🧵👇 2/ Pocket is a decentralized physical infrastructure network (DePIN) serving relays, think crypto AWS.

I've followed the project for a while and flagged it back in April when they laid out their plan to begin converting free relays to paid and burning tokens.

https://twitter.com/StableScarab/status/1651080506237239296

1/ The launch of @fraxfinance $FRAX v3 is upon us, soon to be followed by frxETH v2 and Fraxchain.

Let's reflect on a year from the most productive team in crypto.

Here's everything you need to know about the upcoming catalysts for Frax Finance in one thread🧵👇 2/ The 2023 Timeline 📅
Frax spent the year heads down building, and a lot of their hard work is about to come to fruition in the next couple of months with FRAX v3, frxETH v2, and Fraxchain.

1/ FraxBonds 🏦: A Game Changer in Real World Assets (RWA) 🌐

Scalable RWAs are the next step change in DeFi's evolution.

Many have tried RWAs and failed. However, I believe @fraxfinance has cracked the code with FraxBonds and will revitalize DeFi yields 🚀

Let's dive in🧵👇 2/ RWA Intro

RWAs refers to integrating real world assets like real estate, loans, and T-Bills into blockchain ecosystems. Yet, RWA yields are hard to guarantee. Both Goldfinch and MakerDAO recently faced loan default issues.

1/ Today $POKT pumped 30% 🤯

When I wrote the below thread on @POKTnetwork 5 months ago, I promised to let you know when meaningful progress towards deflation had been made and $POKT began showing signs of bottoming.

The time has come. Here's all you need to know 🧵👇

https://twitter.com/StableScarab/status/1651080506237239296

2/ Pocket Network is a decentralized infrastructure RPC provider for web3 providing 1B+ daily relays for 30+ blockchains ⛓

In May, Pocket began burning $POKT per relay 🔥

After initiating the burn, Pocket is now 4th in the @web3index with $27k 30D fees and room to grow 📈

1/ The Stake Out Ep 1 - The Great $ETH Staking Debate

The Stake Out is an LSD series by @eBTCprotocol + @BadgerDAO.

This discussion took place between top LSD protocols:
@fraxfinance
@Rocket_Pool
@LidoFinance
@coinbase

A lot of great nuggets for LSD lovers. Let's dive in 🧵👇 2/ First, the heavyweights representing each protocol were:
Sam, @samkazemian from @fraxfinance
Darren, @langerstwit from @Rocket_Pool
Seraphim, @MacroMate8 from @LidoFinance
Andrew, @ann_droo from @coinbase

Hosted by @spadaboom1 from @BadgerDAO.

1/ frxETH v2: The LSD Game-Changer 💥

Last month, @samkazemian dropped news on the upcoming @fraxfinance frxETH v2 release which will revolutionize the fast-growing $20B $ETH LSD market.

I've painstakingly distilled all of the key alpha on the update to 10 tweets:
🧵👇
#crypto 2/ What is frxETH v1?

frxETH v1 innovated on the LSD system by having two tokens:
1️⃣ $frxETH - ETH pegged stablecoin
2️⃣ $sfrxETH - interest bearing LSD token

By having other uses for frxETH (like LPing), those who stake sfrxETH have a higher APR than any LSD. See flowchart:

1/ Last week, @samkazemian revealed details on @fraxfinance's new L2 Fraxchain.

Frax has already launched several innovative stablecoins and an ecosystem of supporting products. Fraxchain can take the protocol's value to new heights.

Here's everything we know so far🧵👇
#crypto 2/ What is Fraxchain?

Fraxchain will be a hybrid rollup with gas denominated in $ETH or for Frax, their ETH stablecoin $frxETH. This means that as people use Fraxchain the amount of frxETH used up for gas will increase. That frxETH can be burned OR distributed to veFXS holders.

1/ There are a lot of exciting things in store for @fraxfinance $FRAX once its collateral ratio (CR) hits 100%, but CR increase has stalled over the past month. Why?

I took a deeper dive into the mechanics of Frax CR to learn how it works.
🧵👇
#crypto 2/ First, an apology. Several weeks ago, I wrote a thread about FRAX CR with the below chart projecting 100% CR to be reached by mid-June. I was very wrong in assuming that the path would be linear. Here's why...👇

https://twitter.com/StableScarab/status/1653102780284895233?s=20

1/ $frxETH by @fraxfinance has seen incredible growth, reaching 230k+ $ETH in ~6 months driven by the top APR of their LSD $sfrxETH.

However, sfrxETH APR is now at the lowest it has ever been?! Here's why there's no need to worry and how frxETH design keeps them on top.
🧵👇 2/ First, if you haven't heard about $frxETH and how it allows sfrxETH stakers to get the highest APRs available, check out my $frxETH thread and see the flowchart below to learn more about how it works.

https://twitter.com/StableScarab/status/1643777989195231233?s=20

1/ Why are #crypto tokens so prone to pumping and dumping? Tokenomics.

Well-designed tokenomics can help protocols achieve rapid adoption. Without care, they can also lead to massive dumps.

The parallels between tokenomics and PID control and why it matters for your bags. 🧵👇 2/ What's PID Control? Proportional-Integral-Derivative control is a widely used mechanism that uses feedback to reach a set point.

The best example of PID is cruise control. PID ensures that when you set a speed you arrive at it quickly w/o overshooting. en.wikipedia.org/wiki/PID_contr…

1/ Riding the Multistage Rocket: Analyzing Rocket Pool Tokenomics:
@Rocket_Pool has established itself as THE decentralized #ETH liquid staking protocol, approaching 600k ETH fueled by their recent Atlas upgrade. Can this trajectory lead to sustainable $RPL gains? Let's see.
🧵👇 2/ Rocket Pool's mission is to improve the decentralization of ETH staking by lowering the barrier to entry for node runners. 32ETH required for staking is currently $58k! RP lowers this to 8ETH. ~60% of the RP network is running 1-2 nodes showing the success of this mission.

1/ The @fraxfinance $FRAX collateral ratio jumped to 94.75% today.

Why you have ~6 weeks to accumulate $FXS before the collateral ratio is 100% full charged and profits overflow to holders.
🧵👇
#crypto 2/ What is collateral ratio? Collateral Ratio (CR) is the percentage of FRAX backed by collateral, the rest by FXS. After starting at 100%CR, Frax initially allowed the market to determine the collateral ratio over time, see full history below.

1/ The beginning of a burn. How recent fundamental changes at @POKTnetwork could signal the bottom on $POKT as adoption is monetized and burned.
🧵👇
#crypto 2/ What is Pocket Network? Pocket is the first decentralized RPC network that incentivizes noderunners to serve relays for dApps and get paid in $POKT. Existing centralized providers present single point of failures creating downtime and censorship.