Used to shoot the 💩 with you in the Ampleforth chat. Glad to see how awesome Frax is doing
haha those were the days. How is AMPL doing btw
I heard that they were doing a similar pivot to becoming more Frax-like by releasing a "governance token" that is volatile and doesn't rebase. Aka just doing Frax style algostable but very slowly so no one notices the huge pivot. Is this true?
No. It’s a useless governance token that was immediately listed onto Coinbase. I’m fairly confident it was only created to give some exit liquidity to their VCs.
I heard about that too. I have no idea since I stopped following them closely after DeFi summer.
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