1 hr 5 min
Inside Frax Finance: Designing the End Game Stablecoin | Sam Kazemian 0xResearch
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- Investing
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.
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Follow Sam Kazemian: https://twitter.com/samkazemian
Follow Sam: https://twitter.com/swmartin19
Follow Dan: https://twitter.com/smyyguy
Follow Blockworks Research: https://twitter.com/blockworksres
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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/
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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
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Resources
FraxV3 Overview
https://docs.frax.finance/frax-v3/overview
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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place
Blockworks 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.
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/samkazemian
Follow Sam: https://twitter.com/swmartin19
Follow Dan: https://twitter.com/smyyguy
Follow Blockworks Research: https://twitter.com/blockworksres
Subscribe on YouTube: https://bit.ly/3foDS38
Subscribe on Apple: https://apple.co/3SNhUEt
Subscribe on Spotify: https://spoti.fi/3NlP1hA
Get 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
- -
Resources
FraxV3 Overview
https://docs.frax.finance/frax-v3/overview
- -
Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place
Blockworks 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.
1 hr 5 min