Hi @samkazemian , thank you for taking the time to

Sam. I think we need a better method of allocating to fraxlend amo pairs than team discretion. Right now we could deploy some funds to crv, cvx, and aave and gain a lot more revenue with little extra risk. Maker has automated debt ceilings based on risk parameters and that is one thing I think they do better. Since fraxlend pairs are isolated if the POL in the pool is compromised for whatever reason, choosing an allocation cap that the protocol can absorb in theoretical losses is how it can be determined. Since we’re making at minimum 300k weekly I’d say anywhere from 300k to 1m we could stand to lose on any pair. Especially CRV is juicy.

0

8 месяцев назад

Jer

Bahram Ghasemi
Thank you very much, I have faith in you and the F...

as a just random guy after BAMM efficient bridges will be key

0

8 месяцев назад

Costi

Sam Kazemian ¤⛓️¤
BAMM audit is the 21st. Hopefully soon after in Ma...

Where can I read more about the decentralised validator borrowing system? Is this via Manifold?

0

8 месяцев назад

Sam Kazemian ¤⛓️¤

Westwood
Sam. I think we need a better method of allocating...

I mean the fact that you're saying deploying funds to CRV for "little risk" kind of is pretty bold no? We are so overexposed to CRV and if somehow there is bad debt in there in an unexpected way then it is even worse for the protocol and the peg. One thing we could perhaps design is a mechanism where veFXS holders vote on where the lending happens but then if something bad happens, they get slashed. But they also get more of the fees.

0

8 месяцев назад

Matt

Sam Kazemian ¤⛓️¤
I mean the fact that you're saying deploying funds...

Are there plans to ween exposure off CRV?

0

8 месяцев назад

Mark11

Matt
Are there plans to ween exposure off CRV?

We have no protocol funds in CRV fraxlend pool - all deposits are from Frax holders

0

8 месяцев назад

Intern C

Sam Kazemian ¤⛓️¤
BAMM audit is the 21st. Hopefully soon after in Ma...

Fraxtal summer will hit hard 🫡

0

8 месяцев назад

fast

Sam Kazemian ¤⛓️¤
BAMM audit is the 21st. Hopefully soon after in Ma...

All frxETH validators will participate in restaking so sfrxETH will become LRT, or there will be "option", like if you want to stay in LST you can use sfrxETH, if u want to have frax LRT you will have to stake frxETH for LRT frxETH (other token then sfrxeth) and only then frxETH validators will start to restake for part of ETH that was allocated to LRT frxETH?

0

8 месяцев назад

MabMiche Micheli

Intern C
Fraxtal summer will hit hard 🫡

The Spice must flow

0

8 месяцев назад

signal

fast
All frxETH validators will participate in restakin...

If sfxETH directly becomes LRT, there might be a double-counting issue. Can’t have two representations of the same thing be slashable.

0

8 месяцев назад

Westwood

Sam Kazemian ¤⛓️¤
I mean the fact that you're saying deploying funds...

I think having permissionless gauges is a much needed feature. What are the risks of letting anyone create a fxs emissions gauge?

0

8 месяцев назад

Michael

Sam Kazemian ¤⛓️¤
I mean the fact that you're saying deploying funds...

*minted* coins probably yes, however you may watch at deploying to non-CRV collateral (really ETH, staked ETH, BTCs) to Curve and other protocols which support lending

0

8 месяцев назад

C2tP

Westwood
I think having permissionless gauges is a much nee...

Permissionless gauges that get permissionless emissions is a very easy attack vector so that's not gonna happen

0

8 месяцев назад

Westwood

C2tP
Permissionless gauges that get permissionless emis...

What is the attack vector

0

8 месяцев назад

anonc

Westwood
What is the attack vector

Remember batman token on Solidly

0

8 месяцев назад

Guenón

anonc
Remember batman token on Solidly

I was thinking the same thing, that was huge

0

8 месяцев назад

Bizy

Westwood
Sam. I think we need a better method of allocating...

"With little extra risk" How did you determine that?

0

8 месяцев назад

Westwood

anonc
Remember batman token on Solidly

I don’t know about that tell me more.

0

8 месяцев назад

Westwood

Bizy
"With little extra risk" How did you determine tha...

How is adding 300k to 1M POL frax to the crv pool a lot of risk. Do we think that badly of the risk of curve?

0

8 месяцев назад

Mark11

Westwood
How is adding 300k to 1M POL frax to the crv pool ...

It would just take opportunity away from FRAX holders and makes it more unattractive to hold FRAX as an asset - we need yield seeking vaults with a derivative token like frxlendFRAX which we can pair with like crvUSD. We want fees not direct exposure

0

8 месяцев назад

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

BAMM audit is the 21st. Hopefully soon after in May. Frax Ether v2 will roll out in stages, first restaking support and finally the decentralized validator borowing system after that. That one will take a bit longer but perhaps early DeFi summer.

0

8 месяцев назад

209 похожих чатов

Hi @samkazemian , thank you for taking the time to

24 ответов

Похожие вопросы