to add? Has a strong FXD focus as rhe original meme on Fraxtal but could be expanded https://gov.frax.finance/t/establish-the-frax-meme-collective/3023/2?u=mattalfalfaorspanky
I'm a bit confused why the proposal asks funding before the collective would give the first grade/rating on Frax Doge. I'm not opposed to funding FXS for meme coin LPs. But I think right now it's like 2 separate proposals in 1: give FXS to FXD, start memecoin collective. Not opposed to either of them. Just think starting the collective is imperative. Rating Frax Doge (and KFC+RWA?) as the first memes would be a great first step so the community knows everything is safe to allocate FXS.
Strong point. Problem was how to generate enough interest in the collective. Hence the idea to promote FXD straight away and create Fomo
Fxd doesn't even have a gauge yet, nor do any of the other memecoins. That's probably a good place to start before direct fxs incentives
Is allocating FXS for memes really the best use? I understand all the hype now, and its a reoccuring narrative. But I personally am against it 👍 Just does not fit well with me Frax wanting to be THE decentralized bank, and then goes around to fund meme coins that might be a shitty investment.
I agree and I find this all a little weird. I'm not against memecoins at all but I feel like they have to be organic. I get there's a need to filter out scams but a memecoin council for official approved memes sounds kinda cringe tbh
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