FRAX & the 4pool Curve Takeover | Sam Kazemian
Bankless13 Apr 2022

FRAX & the 4pool Curve Takeover | Sam Kazemian

Sam Kazemian is the founder of Frax, the fractional-algorithmic stablecoin protocol. After co-founding the decentralized Wikipedia startup Everipedia, Sam set out to pioneer the algorithmic stablecoin space. The FRAX stablecoin now has a market cap of over $2.6 billion, and the protocol’s FXS governance token is up 300% in the last year.

In this episode, we explore the Stablecoin Wars, in which different protocols compete for liquidity and composability in DeFi. Sam brings a 1st-person perspective into the developments surrounding UST and the recently launched 4pool on Curve, which consists of stablecoins UST, FRAX, USDT, and USDC.

A highlight of this conversation is Sam’s parable of an archetypal central bank, in which he cruises through a number of salient takes on money markets and macroeconomics. There is a lot to learn about this Cambrian explosion of financial technology, and Sam is a great teacher. Stick around to find out why walked away from this conversation bullish on Frax.

------
📣 M·A·C: NFT | Keith Haring Collection for a Good Cause
https://bankless.cc/MAC

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

------
BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALED ETHEREUM
https://bankless.cc/Arbitrum

❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

🏦 ALTO IRA | TAX-FREE CRYPTO
https://bankless.cc/AltoIRA

👻 AAVE V3 | LEND & BORROW CRYPTO
https://bankless.cc/aave

⚡️ MAKER DAO | THE DAI STABLECOIN
https://bankless.cc/MakerDAO

🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave

------
Topics Covered:

0:00 Intro
3:30 Sam from Frax
7:50 The Stablecoin Narrative
13:45 The Central Bank Parable
24:45 Backing an Exchange Rate

28:10 Frax Analytics | What is Frax?
37:34 Frax Analytics | The Peg
42:30 Frax Analytics | Comparing
45:03 RSA Gets Frax-Pilled

49:42 MIM vs UST
53:16 The LUNA Token
56:41 Frax Roadmap | FPI

1:04:36 The 4pool
1:14:00 The Stablecoin Wars
1:18:35 What Happens Next?
1:23:20 Closing & Disclaimers

------
Resources:

Sam on Twitter
https://twitter.com/samkazemian

Frax Finance
https://app.frax.finance/

Decentralized Finance and the Debt Cycles
https://academy.blue-swan.io/blog/decentralized-finance-and-the-debt-cycles

Market Share Chart
https://www.theblockcrypto.com/data/decentralized-finance/stablecoins/total-crypto-backed-and-algorithmic-stablecoin-supply

Do Kwon’s 4pool Tweet
https://twitter.com/stablekwon/status/1510021707377287170

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1271)

Haseeb Quereshi: Crypto’s Not Made for Humans—It’s for AI

Haseeb Quereshi: Crypto’s Not Made for Humans—It’s for AI

Crypto still feels like a minefield for humans: Haseeb Qureshi argues that’s a clue, not a bug: blockchains and smart contracts are machine-readable systems that AI agents can parse, simulate, and e...

2 Mar 1h 12min

ROLLUP: Extreme Fear | Tariff Whiplash | Citrini AI Crash | Jane Street vs Terra | Pentagon vs Anthropic

ROLLUP: Extreme Fear | Tariff Whiplash | Citrini AI Crash | Jane Street vs Terra | Pentagon vs Anthropic

February ends with peak FUD. Ryan and David unpack why crypto is stuck in historic “Extreme Fear” even without a major blowup, and why markets feel like they’ve entered an uncertainty bubble. They bre...

27 Feb 1h 3min

Zero Crypto at Home: Bankless in the Age of Wrench Attacks and Phishing | Jameson Lopp and Beau

Zero Crypto at Home: Bankless in the Age of Wrench Attacks and Phishing | Jameson Lopp and Beau

Crypto’s newest threat isn’t a smart contract exploit, it’s a knock at your door. In this episode, Ryan sits down with Jameson Lopp (Casa) and Beau (former CIA, now safety at Pudgy Penguins) to map th...

25 Feb 1h 42min

Ethereum's Last Big Upgrade: The zkEVM | Ansgar Dietrichs

Ethereum's Last Big Upgrade: The zkEVM | Ansgar Dietrichs

Ethereum’s next big leap might not look like a single “flip the switch” moment—but it could change how the chain verifies everything. In this episode, Ansgar Dietrichs comes back to unpack the ZK EVM:...

23 Feb 1h 20min

ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

A legal war over prediction markets just went public. Ryan and David break down the CFTC’s claim of exclusive authority, the backlash from state officials and lawmakers, and why this fight is really a...

20 Feb 1h 9min

Lyn Alden: How to Survive The Gradual Print Era — Fed Chair Warsh, Gold & Bitcoin

Lyn Alden: How to Survive The Gradual Print Era — Fed Chair Warsh, Gold & Bitcoin

Lyn Alden joins us to make sense of the “everything, everywhere, all at once” macro moment. A fourth-turning-style unwind of the long-term debt cycle, rising fiscal dominance, and a rare, headline-le...

16 Feb 1h 38min

ROLLUP: Crypto Pain Market | Coinbase Super Bowl Rug Pull | IBIT Liquidation Cascade | Prediction Markets Explode | BlackRock x Uniswap

ROLLUP: Crypto Pain Market | Coinbase Super Bowl Rug Pull | IBIT Liquidation Cascade | Prediction Markets Explode | BlackRock x Uniswap

Crypto feels cooked in 2026, and the Super Bowl proves it. Ryan and David unpack Coinbase’s Backstreet Boys rug pull ad and what it reveals about crypto’s collapsed public narrative. Then they dig int...

13 Feb 1h 6min

What’s the Story? AI Stocks, Crypto Downturn, Metals Selloff, SaaSpocalypse | Jim Bianco

What’s the Story? AI Stocks, Crypto Downturn, Metals Selloff, SaaSpocalypse | Jim Bianco

Last week felt like four different crashes happening at the same time: AI software stocks melting down, crypto capitulating, gold and silver whipping around, and markets suddenly panicking about AI Ca...

12 Feb 1h 15min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
popradet
stopp-verden
fotballpodden-2
lydartikler-fra-aftenposten
det-store-bildet
nokon-ma-ga
rss-gukild-johaug
dine-penger-pengeradet
rss-ness
rss-espen-lee-usensurert
hanna-de-heldige
aftenbla-bla
grasoner-den-nye-kalde-krigen
e24-podden
rss-dannet-uten-piano
frokostshowet-pa-p5