and we have a new ATL instead of ATH?
price talk in trading channel
please keep all trading related discussions in the price chat: https://t.me/fraxtrading
because nobody seem to give a rats ass about fundamentally strong projects at the moment and the defi sector is least in favor of all at the moment. Everybody is too busy with low IQ moves like dogs and cats and frogs
+ pendle
thats because they went on the Ethena bandwagon full force and compromise their risk parameters doing so
pendle is the only DeFi project doing exceptionally well agreed. But thats because they came up with some new innovative feature.. to split yield from principal and being able to gamble on that
I really wonder what will happen to all DAI holders when Ethena collapses. Man.. what a dumpsterfire that will bring contagion wise
No it’s because they have 5 billion dai supply to monetize
I think the gamble part is important. Feels like there's a sentiment at the moment to gamble on the next 100x instead of investing in quality projects with good fundamentals and a solid vision.
I fell into this even on fxs. Was worried about making money fast instead of slowly investing.
That's not wrong, lot of people want to gamble big which is why they do memecoins or early projects that go to 0 most of the time but might 100x. But people also hold ETH and BTC for good reason, they are the blue chips and grow on a 5-10 year/cycle time scale. $FXS is sort of in between these extremes so the community needs to educate people on this. Not 100% of people's net worth goes into memecoins/early stage risk (or at least shouldn't). $FXS is closer to the blue chip spectrum with higher upside due to lower mcap. Not investment advice or price talk, just saying that as a community we should be confident in the type of asset that governs the protocol. We don't need to pretend to be something we're not.
exactly, lets leave the whole meme dogshit aside and focus on being fundamentally strong, building M2 stuff because that is Frax it's niche and is the highest chance it will gain traction imo. Hopefully the narrative shifts back to solid DeFi again in the near future because literally everything OG defi like frax, curve, convex etc is all down the shitter for some unknown reason
Is it possible to have a breakdown of the profits generated by the various business areas for the first quarter?
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