written the playblock on how to win in the curve wars. The use of your own liquidity is brilliant and protocols such as Fei andTerra are now following suit with massive liquidity contributions to their own pools. However, FRAX really has very little traction as a stable coin. A merge like FEI/Rari has done would potentially be very beneficial. Ohm?
What would be the play with ohm? A pool would make frax the exit liquidity of an illiquid ponzu
Ohm is the stablecoin. It's designed to rebase down to $1. I would expect them to want an ohm-frax pair.
Ohm indicated a possible plan for "oUSD" type stable at their last meeting
Trying anything to keep the ponzu going 😂. Unstable stable backed stable.
Laughable comment
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