Frax (prev. FXS) (FRAX)

afternoon check, saw FRAX up again but I skipped the chart and tried something practical. I parked a bit of frxUSD in the USDe frxUSD pool on Kyber FairFlow and it actually oaid while stacking RAAC points. deposits were smooth, quotes felt fine, and I could pull back to spend without drama. feels like the right mix for me earn when idle, pay when needed. I also want to catvh Sean on the Origin community call about stable yields, curious how they’re wiring PegKeeper pools now. side note Fraxtal keeps attracting builders like dTRINITY to do yield stuff with Frax assets, which is a good sign. not advice, just me testing. anyone epse farming RAAC there and seeing the APR hold up midweek, or does it fade by Friday? thanks @fraxfinance for making the stable leg not annoying :D

afternoon note: most issuers quietly tax onchain by keeping the carry. usees pay twice and get a worse rail. frxUSD flips that. cash stays cash, surplus is explicit and routes back where it belongs. that’s shat legitimacy looks like when robots and treasuries settle without middlemen.

also, the listing politics are back. some venues still won’t touch FRAX for reasons unrelated to redemption or risk. binance hinting more to come is fine, but i don’t need a mascot to clear a payment. i need a peg that doesn’t flinch and a system that prints receipts.

jy read: @fraxfinance is doing the boring work that survives adversarial markets and culture wars. i’m comfortable letting agents settle in frxUSD and treating yield as a separate decision, not a hidden feature. if a cex flips, cool. if not, the rail already works.