type of product, could be very interesting to help promoting Fraxtal, and people start bridging to Fraxtal. Team seems to be anonymous, so I think if it's start to get some tractions, we have to make sure that this protocol is not a scam, because it could create a bad reputation for Fraxtal from the beginning
I've talked to the founder but they are anonymous. Seems like an interesting idea and could get very big but as always, be careful and look at the contract code to make sure you know all risks you are taking including any trust/rug risk of admin keys etc (if there are any). What do you expect us to do, ban people from our permissionless chain? We can't. People should be free to take informed risk. To be clear, they are not part of the Frax core team obviously, but they are here in this group and you should just talk to them directly 🙂
Great to know that you talked with them already! (I'm testing the product on TestNet already and gave them some feedback) No ban of course, but Frax team should warn Fraxtal users, if they see any red flag on a protocol. Set the bar high from the beginning, so Fraxtal = high quality Defi apps, no like BSC where it's full of scams 😆
We totally understand your concerns sir. Actually our smart contract audit is currently underway and is expected to be completed by next week. Upon the mainnet launch, we will also open-source all of our smart contract code. Safety and transparency are always our top priorities, and we don't just say it, we mean it, as the code never lies. Additionally, We sincerely appreciate your suggestions regarding our frontend, helping us improve the user experience from the user's perspective.🙏
Thanks for your suggestion in terms of security and airdrop strategies Sam. Most importantly, during our conversation,you conveyed to me the importance of community-centric and long-term-oriented principles.🙏
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