75% LTV). How about bamm's?
BAMM has a different type of efficiency. It probably won't be the cheapest place to borrow blue chip assets like ETH, BTC, etc but it will be the most efficient and probably only place to borrow long tail assets like newly launched memecoins, new gov tokens, and a certain amount of blue chip assets at great rates. It will be a big unlock for trading and speculation centered on Fraxtal. There's already a few projects building on top of it in stealth.
Will BAMM be deployed on Ethereum? It would be a great product for Murad, who can NOT sell but might need some liquidity😊
It will be on Fraxtal exclusively. Murad and I might or might not have recently spoken. 🤫 I think he and I share a lot of similar beliefs when it comes to value capture and tokenomics. But that's all I'll say for now..
Murad is coming to Fraxtal! Go BAMM!
It's nice to see you have an open-minded view on meme coins. Ethereum is losing the mind share of on chain users and most of the new things are happening elsewhere. Let's bring them to Fraxtal.
I remember you mentioned some time ago about Binance integration with Fraxtal? We need convenient bridges for people to bring in liquidity
Indeed sir. The next few months, especially November, will be an action packed month for Frax.
You even got the ticker right 😉
That would be very bad… Nobody likes a depeg
It causes all sorts of liquidations and nonsense. See crvUSD upwards depeg.
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