@Samkazemian - couple questions: Update on frxBTC? - This would do

Question

@Samkazemian - couple questions: Update on frxBTC? - This would do

well with the current influx of institutional investment entering the space

Update on future veFXS streams - As seen with a few of the newer defi protocols, a lot of attention is being drawn to projects that reward their native token + eth yield. Is there a time that you and the team will consider doing something similar (getting a portion of sFRAX and sfrxETH would make veFXS twice as attractive)?

#cryptocurrency #english #frax

0

09.05.2024

16 ответов

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Westwood

sfrxETH is the highest yielding LSD on the market without incentives

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7 месяцев назад

Sam Kazemian ¤⛓️¤

Westwood
sfrxETH is the highest yielding LSD on the market ...

Not only that, but also will earn Eigenpoints once restaking support is complete.

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7 месяцев назад

Westwood

Sam Kazemian ¤⛓️¤
Not only that, but also will earn Eigenpoints once...

Should be soon right?

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7 месяцев назад

Sam Kazemian ¤⛓️¤

Westwood
Should be soon right?

I've been told not to give estimates or timelines by the community ser. Thank you for your understanding.

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7 месяцев назад

Costi Автор вопроса

Sam Kazemian ¤⛓️¤
Well first of all, I've been told not to give time...

Apologies, and to clarify: Seeing veFXS holders being able to claim a portion of sFRAX and sfrxETH (as well as FXS from buybacks) rather than just FXS as currently stands.

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7 месяцев назад

Costi Автор вопроса

Costi
Apologies, and to clarify: Seeing veFXS holders b...

Lock FXS and rather than just seeing your claimable FXS, seeing a claimable balance of sFRAX and sfrxETH as well.

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7 месяцев назад

Sam Kazemian ¤⛓️¤

Costi
Lock FXS and rather than just seeing your claimabl...

I think Convex has asked for that where veFXS yields all the underlying fees instead of all the revenue being swapped for FXS then distributed. I think it could be an interesting idea to explore but would lower FXS monetary premium though.

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7 месяцев назад

Costi Автор вопроса

Sam Kazemian ¤⛓️¤
I think Convex has asked for that where veFXS yiel...

Hmm, don't think it lowers it at all. If someone wants ETH, BTC, or other exposure, they are forced to sell the claimed FXS in krder to do so. In this scenario, they claim all the underlying assets (or just sFRAX and sfrxETH) and can either hold if they want these assets, or sell for FXS which is a net positive for FXS holders.

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7 месяцев назад

Qrayon Shinchan

Sam Kazemian ¤⛓️¤
I've been told not to give estimates or timelines ...

Honestly think this is the best approach 👍 When you are close to release, you should then hold a twitter spaces or something. Think there is a lot to learn on how big companies launches stuff. Look at consoles or games for example. There is a lot of rumors of a new Switch, so Nintendo had to say they reveal it this fiscal year. But they will have a presentation/showcase once its ready. Honestly think Frax can learn from that, and have similar monthly/quarterly briefings where if ready, we can reveal stuff in a professional way.

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7 месяцев назад

Costi Автор вопроса

Costi
Hmm, don't think it lowers it at all. If someone w...

@samkazemian - If there was a proposal. Able to split the revenue share in half (50% FXS buybacks and 50% converted to sFRAX and sfrxETH) then disturbed to veFXS holders; would you be for or against?

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7 месяцев назад

Qrayon Shinchan

Costi
@samkazemian - If there was a proposal. Able to sp...

There is a lot of power in growing POL, so we should continue doing that with 50% 👍

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7 месяцев назад

Sam Kazemian ¤⛓️¤

Costi
@samkazemian - If there was a proposal. Able to sp...

Are you basically saying to stop the FLE buybacks? Or you're just saying take 50% of the veFXS yield and share that as sFRAX/sfrxETH?

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7 месяцев назад

Mark11

Costi
Hmm, don't think it lowers it at all. If someone w...

Of course it would affect the monetary premium of FXS, please ser study velocity

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7 месяцев назад

Costi Автор вопроса

Sam Kazemian ¤⛓️¤
Are you basically saying to stop the FLE buybacks?...

Just take 50% and share that as sFRAX/sfrxETH FLE will continue.

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7 месяцев назад

Jason

Costi
Just take 50% and share that as sFRAX/sfrxETH FLE ...

Against

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7 месяцев назад

Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

Well first of all, I've been told not to give timelines or estimates by esteemed community members so I'll refrain from making any predictions on frxBTC time to release. Thank you for your understanding. As for the second question, can you clarify what you mean? Do you mean veFXS earning revenues in sFRAX or you mean sFRAX/sfrxETH holders being rewarded FXS as well?

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7 месяцев назад

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