Does the team plan to buy other assets on the

Question

4 years locked. veMAXI (as a millionaire)

Does the team plan to buy other assets on the

run upto FRAXswap launch ? clearly dont name them, but at least we will know whats going on if a few $m of random tokens start appearing in the wallets.

#cryptocurrency #english #frax

0

27.03.2022

10 ответов

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4 years locked. veMAXI (as a millionaire) Автор вопроса

Sam Kazemian ¤⛓️¤
Perhaps. I think we should definitely load up on s...

im guessing that ETH will also be used for FRAXswap , so we should really get more so we have a meaningful amount.

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27.03.2022

Sam Kazemian ¤⛓️¤

4 years locked. veMAXI (as a millionaire)
im guessing that ETH will also be used for FRAXswa...

Yes we will accumulate more ETH and BTC on the balance sheet 😎 and they'll end up productively deployed to Fraxswap and other places.

0

27.03.2022

4 years locked. veMAXI (as a millionaire) Автор вопроса

Sam Kazemian ¤⛓️¤
Perhaps. I think we should definitely load up on s...

will the pools on FRAXswap be limited to 2 coins? or could we see pools like (FRAX, FXS, UST, LUNA) as a 4 coin pool ?

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27.03.2022

Sam Kazemian ¤⛓️¤

4 years locked. veMAXI (as a millionaire)
will the pools on FRAXswap be limited to 2 coins? ...

It's possible when we release multipool type LPs but it won't be in Fraxswap v1 which is TWAMMs and full range xy=k. The v2 version a few months later will have expanded capabilities.

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27.03.2022

Jason

Sam Kazemian ¤⛓️¤
Yes we will accumulate more ETH and BTC on the bal...

Is that what UST is doing? Buying BTC

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27.03.2022

4 years locked. veMAXI (as a millionaire) Автор вопроса

Jason
Is that what UST is doing? Buying BTC

slightly different scale, we are buying a few $m , UST is buying $125m a day .. for a few months

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27.03.2022

4 years locked. veMAXI (as a millionaire) Автор вопроса

Sam Kazemian ¤⛓️¤
It's possible when we release multipool type LPs b...

is the $25m war chest gonna cover the amount needed to get FRAXswap started, or should we look at allocating a bigger budget. im guessing FRAXswap will need liquidity from the start to attract users from day one.

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27.03.2022

Sam Kazemian ¤⛓️¤

4 years locked. veMAXI (as a millionaire)
is the $25m war chest gonna cover the amount neede...

I think it should be fine to start but we'll try to propose deployment of some TVL there when it's deployed. For example, it doesn't cost the protocol resources to deploy a decent amount of FRAX-FXS TVL since both tokens belong to the protocol.

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27.03.2022

DS

Sam Kazemian ¤⛓️¤
Yes we will accumulate more ETH and BTC on the bal...

Could something like GLP be an attractive asset to own? It’s a basket of eth, btc, stables including a little frax, and it generates eth and escrowed gmx. Really impressed with the platform. Might be a productive use of treasury since yield is so high

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27.03.2022

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

Perhaps. I think we should definitely load up on some good tokens while we can. We bought a bit of CVX before this current runup so that was good. I think ETH+BTC will never go wrong in terms of fully decentralized collateral.

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27.03.2022

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