I’ve been Frax pilled and got my bag of FXS

Question

I’ve been Frax pilled and got my bag of FXS

and FPIS but am probably less than 10% of the way toward learning the ecosystem. One thing that’s caught my attention is how Frax solved the cold start problem (compared to other projects), particularly with market cap going vertical Oct 2021. From what I can tell one thing (there are many) that makes Frax unique was its early adoption of other protocols, especially Curve and Convex. So basically partnerships and integrations.

A few…
Curve 3Pool FXS rewards live on Feb 2021
Frax added to Curve gauges May 2021
Convex AMO deployed Jun 2021
Tokemak reactors Nov 2021

But what I still don’t have a good explanation for is the vertical market cap expansion in late Oct 2021.Was there a specific catalyst? @samkazemian can you point me in the right direction? 😜

#cryptocurrency #english #frax

0

20.04.2022

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Sam Kazemian ¤⛓️¤
I think there wasn't a particularly specific one b...

Wen 4pool on main net Sam?

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25.04.2022

DS

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Wen 4pool on main net Sam?

search for this; he's answered it 20x. It's not up to Frax, but up to Curve devs.

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25.04.2022

Sam Kazemian ¤⛓️¤ · Accepted Answer

I think there wasn't a particularly specific one but just that a lot of flywheels+integrations culminated at the same time including accumulating enough CVX to command the gauges, coinciding with top bribe capacity, many multichain integrations of native FRAX which pulled FRAX supply up as people bridged it out of mainnet, many Olympus DAO forks accumulating FRAX as a treasury asset, etc. Lots of things adding up at the same time. You'll notice since that time, it's not just FRAX's supply that has slightly slowed in growth but so has many of the above narratives. Most OHM forks collapsed, the alt L1 narrative is not as hot, etc. There's going to be a lot of new flywheels again coinciding all at the same time coming up in the next few weeks as FPI gets going, 4Pools heat up, and Fraxlend launches. 🚀

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I’ve been Frax pilled and got my bag of FXS

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