Propose something that might work, instead of "can't Devs do something?"
I mean bro as far as I can see we need to get back to being Eth’s highest yielding lst. Only route to that is through pendle. But since there seems to be little to no excitement to farm fraxtal points, it seems it would be kinda hard to get people to ape frxeth yt which would give it a high fixed yield on pendle
We are the highest yielding lst. We can’t compete with fugazi points meta. We’re also adding restaking support in v2 so rates will increase to compete but this meta will subside and frax will still be the highest yielding thanks to its design. https://defillama.com/lsd
Beautiful thank you sir. The points hype already subsiding a bunch but just how I see it anyone with a sizeable Eth position who is aware of defi goes to pendle to search for highest yield lst and plonks into the one with highest fixed yield. I dunno how we can be the highest yielding lst without it paying out highest fixed yield on pendle. Even after eigen disappointing drop those things still give around 20-30% fixed yield on Eth. Shame we can’t be competing there
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