Yes. I’d just really like to see frax being used as base pair more often, so direct to dao lending seems like a great natural fit to me. And it would likely create more frax growth than individual lending, at least at first
individual lending can expend $FRAX into where couldn't be imagined
I agree, but without frax being used widely as a native base pair people will only borrow frax in order to swap it for something else(usdc or usdt) to use in obtaining what they really want. Would be much cooler to borrow frax and then use that to lp with your favorite protocol, which uses frax as its native base pair. Letting people borrow frax is great, but I’d rather see more “stores” Accepting it as their primary payment before their customers show up.
this can be accomplished by seeding LP protocols that have lending with cheap frax
Thats where frax as a service / ondo comes in 😎
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