How do y'all view the competition between algo stables (e.g.

Question

Frax Finance

0xE

How do y'all view the competition between algo stables (e.g.

FRAX and UST) - is it mostly a winner takes all? Or room for both?

#cryptocurrency #english #frax

0

24.03.2022

7 ответов

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Sam Kazemian ¤⛓️¤

We're not competing with UST. I literally talked to Do yesterday. We have never had a zero sum mentality with truly any project and people that have been here can confirm this. We tried before to work with MIM (they refused, then imploded afterwards) and we have great relationships with FEI+alUSD.

0

24.03.2022

0xE Автор вопроса

Sam Kazemian ¤⛓️¤
We're not competing with UST. I literally talked t...

Love it. Thanks for sharing

0

24.03.2022

DS

plenty of room for both. UST is so built up on the Anchor yield though. Once that drops sub 15% I'd be surprised if there wasn't a TVL unwind, but we will see.

0

24.03.2022

Sam Kazemian ¤⛓️¤

I think you're misunderstanding it, he doesn't mean literally implode it on the spot. He just means lower its relevance by providing a more high yield alternative in UST based pools (that also will potentially include FRAX).

0

24.03.2022

H

Sam Kazemian ¤⛓️¤
I think you're misunderstanding it, he doesn't mea...

What does this mean for frax in the scenario where Do's strategy is not sustainable and fails to maintain UST at peg?

0

25.03.2022

paul

H
What does this mean for frax in the scenario where...

CT is full of various voices about $UST, its risk is obvious, I am not sure how Sam will evaluate, if cooperation hopes to cut the risk. I'm not looking forward to it, but I believe in the team

0

25.03.2022

4 years locked. veMAXI (as a millionaire) · Accepted Answer

4 years locked. veMAXI (as a millionaire)

there is room for both, and many more.

0

24.03.2022

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How do y'all view the competition between algo stables (e.g.

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