Last night in the group, my brother: "Are you still holding $FXS on the exchange? Check the announcement!" I thought it was just another logo change, but then I looked into it: this time they’re directly unifying Share into $FRAX, with multiple exchanges stopping FXS starting the 13th, and FRAX opening again on the 15th… I almost sprayed my keyboard with coffee 😂

The engineer thinks this isn’t just a hype, but a move to straighten the line of the “stablecoin operating system”: @fraxfinance Fraxtal now uses FRAX as gas, with assets/blockchain/incentives clearly named; frxUSD is backed 100% by Treasury reserves + FraxNet cross-chain native minting and redemption (also able to do compliant accounts to earn government bond yields). The narrative has shifted from ‘algorithm’ to ‘cash flow,’ which makes me much more comfortable. Recently, the PegKeeper/Pool weights related to frxUSD on Curve are also rising, and the community is still discussing sFrxUSD earning around 5% interest; dTRINITY’s annual report also announced that V2 will launch this month, with even more “competitive” interest rates.

Are you now more focused on: unifying asset mindset, or the real demand for stablecoins? (I’ll go move my positions first… DYOR)

#Frax #frxUSD #FRAX @aixc_official @aixcfoundation