Discover and read the best of Twitter Threads about #Fraxlend
Most recents (3)
The founder of #Curvefi exchanged 800K $LDO ($1.33M), 565,579 $USDT and 1.3M $DOLA for 3.2M $FRAX in the past 6 hours.
Then repay 3.2M $FRAX on #Fraxlend to improve health rate.
He deposited 431M $CRV ($246M) in total and borrowed $101.5M of stablecoins on multiple platforms.
Then repay 3.2M $FRAX on #Fraxlend to improve health rate.
He deposited 431M $CRV ($246M) in total and borrowed $101.5M of stablecoins on multiple platforms.
Deposited 288.4M $CRV($166M) and borrowed 63.44M $USDT on #Aave;
Deposited 79.4M $CRV($45.65M) and borrowed 20.5M $MIM on #Abracadabra;
Deposited 46.65M $CRV($26.82M) and borrowed 12.86M $FRAX on #Fraxlend;
Deposited 16M $CRV($9.27M) and borrowed 4.68M $DOLA on #Inverse.
Deposited 79.4M $CRV($45.65M) and borrowed 20.5M $MIM on #Abracadabra;
Deposited 46.65M $CRV($26.82M) and borrowed 12.86M $FRAX on #Fraxlend;
Deposited 16M $CRV($9.27M) and borrowed 4.68M $DOLA on #Inverse.
Address: debank.com/profile/0x7a16…
Last month, @fraxfinance launched their liquid staking service and related token $frxETH
A thread 🧵to talk about $frxETH, and why I think it goona be the biggest challenger for Lido and $stETH 👇
Keep reading!
A thread 🧵to talk about $frxETH, and why I think it goona be the biggest challenger for Lido and $stETH 👇
Keep reading!
(1)
Let me introduced the mechanism of $frxETH first.
Users can deposit their ETH into the validator ran by frax finance and mint $frxETH.
Different with Lido’s stETH rebase mechanism, $frxETH is constant and holding $frxETH cannot generate yield
Let me introduced the mechanism of $frxETH first.
Users can deposit their ETH into the validator ran by frax finance and mint $frxETH.
Different with Lido’s stETH rebase mechanism, $frxETH is constant and holding $frxETH cannot generate yield
(2)
Two choice for users to earning rewards
First. Staking $frxETH to mint sfrxETH. sfrxETH is ERC-4626 vault and accumulates staking yield of Frax ETH validators.
The rates of frxETH:sfrxETH is changeable, holders will earn reward when redeem frxETH back.
Curreny APY is 4.72%
Two choice for users to earning rewards
First. Staking $frxETH to mint sfrxETH. sfrxETH is ERC-4626 vault and accumulates staking yield of Frax ETH validators.
The rates of frxETH:sfrxETH is changeable, holders will earn reward when redeem frxETH back.
Curreny APY is 4.72%
Now that $UST has de-pegged, collateralization looks as important as event.
A 🧵on the synergies between over-collateralized and algorithmic stables to achieve:
- better security
- more sustainability
- incentives alignment
- better margins
- scale
A 🧵on the synergies between over-collateralized and algorithmic stables to achieve:
- better security
- more sustainability
- incentives alignment
- better margins
- scale
To start off, I think we can agree on the fact that the cryptocurrency market, broadly, needs to lvl up its game on stable's design if it wants to come up with an 🧠 alternative to the current centralized FIAT regime, which is imposed by force and headed to a devaluation💀spiral.
@ this point I think everybody gets why $UST has been such a terrible example of instability, we have to admit though, that it did scale, even though it wasn't a sustainable model.
Objectively this has a lot to do with both $LUNA appreciating in value and Anchor's 20% yeld.
Objectively this has a lot to do with both $LUNA appreciating in value and Anchor's 20% yeld.
