So question… should I understand fraxswap as solution for the

Question

So question… should I understand fraxswap as solution for the

acute problem of trade huge volumes without moving the market? Like I’m totally following the TWAMM model, but I’m just a little unclear if TWAMM is a feature or the purpose of fraxswap (either way I’m sure there is a robust forward looking roadmap)

#cryptocurrency #english #frax

0

04.06.2022

5 ответов

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Logarithmic Rex Salomon Автор вопроса

Dantes Stan (¤³ ¤³) DON'T PM FOR ETH/$$
Exactly, that's right. TWAMM allows you to sell/bu...

Ok perf! Thank you! Was just trying to figure out if I was seeing the whole picture or just getting fixated on a single feature.

0

04.06.2022

Sam Kazemian ¤⛓️¤

The reason we built Fraxswap and this novel TWAMM implementation is that generally it is something that is needed for algostable mechanics and monetary policy. If you read the docs, it explains it. Fraxswap on its own is a fully permissionless AMM like Uniswap so anyone can use it to buy/sell any tokens like you see today. But the general motivation was to create this so FRAX can conduct monetary policy on it and forward guidance like the Fed. So FXS can be bought back with AMO profits over a long period of time. FRAX can be bought back to increase the CR. All these things done via smooth TWAMMs over the desired period of time. And TWAMMs can also be used to slowly rebalance large amounts of collateral the protocol controls like going from FRAX-WBTC to FRAX-WETH slowly as the WBTC is sold for FRAX then FRAX sold for WETH through two TWAMMs. Through Fraxswap, this can all be done through an automated, transparent way that only Frax has the technology to do rather than need to be done off chain with centralized market makers like LFG had to do. We only conduct all market operations and every protocol function onchain, and Fraxswap is the answer for all of them.

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04.06.2022

Logarithmic Rex Salomon Автор вопроса

Sam Kazemian ¤⛓️¤
The reason we built Fraxswap and this novel TWAMM ...

You’re writing my threads for me lol

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04.06.2022

Logarithmic Rex Salomon Автор вопроса

Sam Kazemian ¤⛓️¤
The reason we built Fraxswap and this novel TWAMM ...

Quick clarification. Your example says “going from FRAX-WBTC to FRAX-WETH slowly as the WBTC is sold for FRAX then FRAX sold for WETH through two TWAMMs.” But you meant sell WBTC and buy WETH, right? Sorry to be pedantic

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04.06.2022

Dantes Stan (¤³ ¤³) DON'T PM FOR ETH/$$ · Accepted Answer

Dantes Stan (¤³ ¤³) DON'T PM FOR ETH/$$

Exactly, that's right. TWAMM allows you to sell/buy smoothly over time without moving the market 👍

0

04.06.2022

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