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shitpostoor (¤, ©️)-reeee

This has probably been answered already - sorry haven't been

in chat for a few days.

The proposal for RWA yield for frax is super interesting and has bullish benefits. But what about the risks and vulnerabilities exposed by having a singular choke point? E.g SEC or another authority could order frax RWAs to be frozen or seized, we know Gary and E Warren is out for blood and people to make an example of. Devs are American and previously we were able to answer with "frax reserves are in curve pools so unless USDC blacklists the pool they can't blacklist frax". But now wouldn't it be even easier to argue that FXS is a security given a centralized entity will be running RWA operations?

If already answered I would super appreciate if anyone could link me to the response, I didn't find any via search thanks

#cryptocurrency #english #frax
0

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shitpostoor (¤, ©️)-reeee Автор вопроса

Has this really not been discussed before?

0
10.08.2023

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