@Samkazemian do you have any idea where the selling pressure

Question

@Samkazemian do you have any idea where the selling pressure

on FXS is coming from? Is it just retail not understanding how bullish the FXTL points are or is it something else unloading behind the scenes? I'd say there is tremendous alpha people are missing out on?

#cryptocurrency #english #frax

0

06.03.2024

11 ответов

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Creat0r

Sam Kazemian ¤⛓️¤
I honestly have no idea and it's somewhat surprisi...

Wen fee distribution to fxs holders

0

8 месяцев назад

Sam Kazemian ¤⛓️¤

Creat0r
Wen fee distribution to fxs holders

Soon ser and also buy and burn if price is this cheap right?

0

8 месяцев назад

Milan - 米藍 - ميلان Автор вопроса

Sam Kazemian ¤⛓️¤
I honestly have no idea and it's somewhat surprisi...

Thanks a lot for the reply. Glad you are also in the unknown about it. Makes me think my estimation of it being a huge mispricing by the market more likely 🙏🏻

0

8 месяцев назад

Costi

Sam Kazemian ¤⛓️¤
Soon ser and also buy and burn if price is this ch...

Buy and Burn before pushing a proposal for fee switch 👍

0

8 месяцев назад

Jason

Sam Kazemian ¤⛓️¤
Soon ser and also buy and burn if price is this ch...

So is rev sharing and buyback two different thing?

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8 месяцев назад

Sam Kazemian ¤⛓️¤

Jason
So is rev sharing and buyback two different thing?

They are almost the same thing overall but economically buyback increases spot price of $FXS while rev share encourages people to lock veFXS since fees go to locked FXS. Regardless though, they do almost the same thing. Buying back increases the price of people's locked FXS so veFXS benefits either way. Again, not financial advice nor trying to speculate on price. Just answering your question.

0

8 месяцев назад

Jason

Sam Kazemian ¤⛓️¤
They are almost the same thing overall but economi...

I mean are we doing both or either/or?

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8 месяцев назад

Jack

Sam Kazemian ¤⛓️¤
They are almost the same thing overall but economi...

Personally I much prefer the buyback. Puts all the revenue back into Frax. Massive compounding effect. Also, I’m assuming Frax will burn these shares and there this mean in effect that yield would go up, if the buybacks were swapped to returning revenue to FXS stakers

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8 месяцев назад

Digio

Sam Kazemian ¤⛓️¤
I honestly have no idea and it's somewhat surprisi...

I’m sure it has a lot to do with the confusion around FXTL and FPIS

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8 месяцев назад

Intern C

Digio
I’m sure it has a lot to do with the confusion aro...

Nah

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8 месяцев назад

Sam Kazemian ¤⛓️¤ · Accepted Answer

I honestly have no idea and it's somewhat surprising. Without getting too much into price talk here, but will say that before this previous month, obviously the month prior was quite good and FXS was moving steady with the market. This past month, a lot of tokens that you would expect to have growth like $MANTA, $BLUR (due to it earning BLAST points), and other L1s/L2s have done very poorly and dropped out of the top 100 themselves. I'm confident and hopefully this is a local bottom, especially before Fraxtal gets huge. And now that CR is basically 100% at some point, it makes sense to start the fee switch+buy back FXS if it's this cheap.

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@Samkazemian do you have any idea where the selling pressure

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