Does anybody know if other LSDs could see what frxETH

Question

Does anybody know if other LSDs could see what frxETH

is doing with Fraxtal and hypothetically try to partner with other L2s to also become a gas token to increase their monetary premium? 🤔 My first thought is no, since the two token design is what makes frxETH have monetary premium in the first place, but LSDs could theoretically upgrade their token models to imitate this now that we can all agree this was the way better system implementation. Also, not even sure if L2s can even add a secondary gas token after launch but not too knowledgeable on the infrastructure side of things so I thought I’d ask in here. Either way, holding raw ETH is literally costing you money in the age of LSDs, so I expect the ecosystem as a whole to start converging towards more use cases and higher utilization for liquid staking derivatives.

#cryptocurrency #english #frax

0

17.03.2024

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Blocks Grahm Автор вопроса

Direct follow up thought I just had in the shower, if other L2s could hypothetically incorporate a secondary gas token, and LSDs being the most suitable alternative, then Frax is actually in the best position to try to make this partnership first, since other LSDs would first need to catch up by implementing a two token system before being able to potentially become a gas token. Imajin what it would do our monetary premium if you could not only use frxETH on Fraxtal, but on Arbitrum, Optimism and Base as well 😱 Sam quick, time to call up Goldfeder, Wang and Armstrong!! lmaoo

0

8 месяцев назад

OldPaul AmaZix 🆓

Blocks Grahm
Direct follow up thought I just had in the shower,...

When @samkazemian is saying that #allroadsleadtofrax he means exactly this: the technologies have been developed with the broader adoption in mind. E.g. remember Armstrong talking about the need of a flatcoin when FPI was launched for 1 year already. .. I think the wider adoption you mentioned is coming now that Fraxtal has been launched, since it will act both as a showroom and a sandbox environment where other protocols could nest and easily integrate frax technologies and be incentivized to do so

0

8 месяцев назад

tan Any1 DM as admin will be reported to tg as scammer

OldPaul AmaZix 🆓
When @samkazemian is saying that #allroadsleadtofr...

Sad news to us is Armstrong is a seed investor for $AMPL and $WAMPL has been lu=aunched on base, ampl's flatcoin will be base very soon.

0

8 месяцев назад

Bueno Pues · Accepted Answer

I have been thinking about this a lot from the business perspective. I think immitation has to happen. Whether that means newer L2s, for example if curve launches one, they would use the Fraxtal playbook to some degree. Or, I think that LRTs or even eigen layer will be launching stable coins on their their own L2. Can an existing L2 change their strategy and compete with fraxtal’s playbook? It is hard to change course when the boat has already left the dock. But, if time/money is not an issue, at the very least, I think they will all be figuring out if they can copy Fraxtal or, create a side chain or L3 that does

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Does anybody know if other LSDs could see what frxETH

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