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How is Frax backing Anzen? https://anzen.finance/

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I wouldn’t touch this, backing a “stablecoin” with anything other than short term us treasuries is just asking to be bent over and “depegged”

Samuel
I wouldn’t touch this, backing a “stablecoin” with...

Joke is that anzen means safe in Japanese lol

But actually we already invested: https://snapshot.org/#/frax.eth/proposal/0x73c3734fe763eaf77c1854924597cdf2e91e66dabc51921ef8b01c796575c30c

Qrayon Shinchan
Joke is that anzen means safe in Japanese lol

Just to clearify, I dont know anything about Anzen 👍 Just wanted to let people know about the japanese meaning of the word

Qrayon Shinchan
But actually we already invested: https://snapshot...

damn this shows how centralized fxs governance is 😂

Qrayon Shinchan
But actually we already invested: https://snapshot...

Frax backed them are they building on Fraxtal? @jaeyunyi ?

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