Of all the stablecoins I’ve analyzed, FRAX is the hardest to categorize. Most stablecoins are either overcollateralized, not collateralized at all, or their collateral level is solely dependent on the volatility of crypto. FRAX is unique; it is the most central bank-like of algorithmic stablecoins I have seen. If you take a real central bank, most of their assets are other sovereign currencies. Similarly, the assets on FRAX’s balance sheet are other...
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The biggest story in Ethereum over the last 6 months has been the explosion in transaction demand. Transaction fees have crossed all-time highs, and many everyday users are now priced out of using Ethereum. ETH fees in USD. Credit: Coinmetrics But worry not. A savior has emerged. Of course, I’m talking about rollups. Vitalik has anointed rollups the future of Ethereum scaling. Leading rollups have now received over $100M in venture...
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