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Inside Frax Finance: Designing the End Game Stablecoin | Sam Kazemian
1 hour 5 minutes Posted Oct 19, 2023 at 11:00 am.
In this week's interview Frax Finance Founder Sam Kazemian joins us to dissect Frax and how he sees Frax becoming the future of onchain money. They dive into the shift to being fully collateralized, Frax's singular real world asset strategy of accessing Fed rates, and new products like sFRAX yielding near the IORB and FXB for creating an on-chain yield curve. Sam explains the mechanics ensuring the peg in different markets, integrating with partners like Paxos, and FraxEth v2 transitioning to permissionless validation. He shares Frax's vision of becoming a compliant, safe, and systemically important stablecoin protocol across layers and blockchains.- -Follow Sam Kazemian: https://twitter.com/samkazemianFollow Sam: https://twitter.com/swmartin19Follow Dan: https://twitter.com/smyyguyFollow Blockworks Research: https://twitter.com/blockworksresSubscribe on YouTube: https://bit.ly/3foDS38Subscribe on Apple: https://apple.co/3SNhUEtSubscribe on Spotify: https://spoti.fi/3NlP1hAGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/- -Hexens is the premier cybersecurity provider in web3 with an essential focus on blockchain technologies. Always exceeding clients’ expectations, Hexens is a trusted security partner of the most prominent web3 projects like Polygon & zkEVM, 1inch, Lido, Nubank, TON, Risc0, EigenLayer, Mantle, Celo and more.https://hexens.io/- -Timestamps
Introduction
Frax V3 Explained
Marginally Collateralized Stablecoin Design
Directing Profits to veFXS Holders
Reporting Offchain Asset Info Onchain
Backing a Stablecoin with RWAs
Hexeans AD
Frax Gov Module
Managing Duration Mismatches
Revenue on FXB and sFrax
FraxEth Performance
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Show notes
In this week's interview Frax Finance Founder Sam Kazemian joins us to dissect Frax and how he sees Frax becoming the future of onchain money. They dive into the shift to being fully collateralized, Frax's singular real world asset strategy of accessing Fed rates, and new products like sFRAX yielding near the IORB and FXB for creating an on-chain yield curve. Sam explains the mechanics ensuring the peg in different markets, integrating with partners like Paxos, and FraxEth v2 transitioning to permissionless validation. He shares Frax's vision of becoming a compliant, safe, and systemically important stablecoin protocol across layers and blockchains.- -Follow Sam Kazemian: https://twitter.com/samkazemianFollow Sam: https://twitter.com/swmartin19Follow Dan: https://twitter.com/smyyguyFollow Blockworks Research: https://twitter.com/blockworksresSubscribe on YouTube: https://bit.ly/3foDS38Subscribe on Apple: https://apple.co/3SNhUEtSubscribe on Spotify: https://spoti.fi/3NlP1hAGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/- -Hexens is the premier cybersecurity provider in web3 with an essential focus on blockchain technologies. Always exceeding clients’ expectations, Hexens is a trusted security partner of the most prominent web3 projects like Polygon & zkEVM, 1inch, Lido, Nubank, TON, Risc0, EigenLayer, Mantle, Celo and more.https://hexens.io/- -Timestamps(0:00) Introduction(1:12) Frax V3 Explained(4:18) Marginally Collateralized Stablecoin Design(10:40) Directing Profits to veFXS Holders(22:22) Reporting Offchain Asset Info Onchain(26:08) Backing a Stablecoin with RWAs(30:27) Hexeans AD(31:32) Frax Gov Module(36:47) Managing Duration Mismatches(44:38) Revenue on FXB and sFrax(52:47) FraxEth Performance(57:19) Frax Eth V2- -ResourcesFraxV3 Overviewhttps://docs.frax.finance/frax-v3/overview - -Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one placeBlockworks Research: https://www.blockworksresearch.com/Free Daily Newsletter: https://blockworks.co/newsletter- -Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.