@Fraxforce Agent | Nightforce Agent on @Midnightntwrk member of @Trustsquadmates Don,t trust verify. #DeFi
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Joined November 2012
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Big old technology ready to be rediscovered ⚔️🖤
That’s why we all love DeFi right ?
-24/7 availability ✅
-No paperwork or broker dependency ✅
-A secure , trusted and integrated dollar part of a huge institutional network of protocols and strategies you can chose of✅
Fair to say frxUSD aims to become the default asset for DeFi earn strategies.
We at @FraxForce make sure we provide the necessary tools to find all of these strategies and integrations of frxUSD 🫡
Visit: onchaincash.app
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Anicet¤ retweeted
buybacks didn't save DeFi tokens that lost half their revenue
in my last post 12 of 16 tokens that pay holders still fell, so i widened the check to 26 DeFi tokens over the past year
for scale, $ETH fell 38% and $SOL fell 46% over the same year
what i found:
- 14 tokens lost half their revenue or more on DefiLlama (last 90 days vs the same 90 days a year ago), and all 14 fell, even $CAKE, $JUP and $SPK, which bought back tokens
- the median drop for these 14 was 44%, for the other 12 it was 11%
- the 5 tokens that went up ($HYPE, $RAY, $SKY, $UNI, $MORPHO) all kept more than half their revenue in that window, $RAY only after a launchpad wave in september
- each of the 5 also got something new over the past year, a fee switch with a 100M burn at @Uniswap, new markets and a fund treated as burned at @HyperliquidX, that launchpad wave at $RAY, cut emissions at $SKY and Apollo as a buyer at @Morpho
- keeping revenue wasn't enough on its own, $SYRUP and $LDO kept most of theirs and still fell 60% to 70%
a buyback is paid from revenue, so when revenue falls the buyback shrinks with it
the tokens that rose had both revenue that didn't halve and a fresh reason for someone to buy
$ENA has neither yet, fees are down 63%, team unlocks keep adding new tokens every month, while the fee switch needs $USDe at $7.5B and it's $5.0B now
neither for $ENA holders because this loop pays them $0
they get no revenue until the fee switch arms, and that needs $USDe supply to average $7.5B
today it's $5.0B
to be fair, paying holders doesn't guarantee a token goes up
i took 18 DeFi tokens that earn real fees, from $HYPE and $UNI to $CRV and $PENDLE
16 of them pay holders through buybacks, burns or staking, and 12 of those 16 still fell over the past year
$MORPHO pays nothing and still went up
until the switch arms, holding $ENA is a bet on $USDe supply growing
Anicet¤ retweeted
I keep thinking we have maybe a few years left where normal people can still build some wealth before AI changes everything. After that, if you own assets, you're probably fine, and if you only have a salary, you're competing with something that doesn't sleep and costs almost nothing. Feels like most people are underestimating how fast this can go. IMO, crypto, tech stocks, and creating your own brand are the way to go in the next few years.
Anicet¤ retweeted
🗞️ New frontiers in onchain finance, one dollar underneath: $frxUSD.
¤ AI compute: @USDai_Official lends to AI compute providers, backed by GPUs. Its yield token sUSDai swaps into frxUSD on @CurveFinance, without the 30-day redemption queue. On Morpho, the Frax USDai Ecosystem vault lends frxUSD against sUSDai, at 3.82% APY to lenders.
¤ Pre-IPO credit: @techdollarhq lends against private shares in AI, aerospace and chips, funded within 72 hours. Every loan settles in USDte, which mints 1:1 with frxUSD.
Powering innovation in the digital age.
Anicet¤ retweeted
If you are in crypto now,grinding in these horrendous market conditions, lemme tell you something about yourself that you may have taken for granted.
Despite living in the most information-rich, technologically advanced age in human history, the average person is increasingly distracted, passive, intellectually complacent and financially disadvantaged.
People are also increasingly becoming unemployable. Struggling to meet the basic demands of adulthood, let alone taking the initiative to build something.
Your competition just want to scroll on socials and blame the government for everything, demand all kinds of compensation from their employer whilst doing the bare minimum.
But you! You log in daily onchain and grind for years regardless of market conditions.
Upgrading your skills, connecting with peers, educating yourself and adapting constantly.
Crypto isn't linear. Don't let your portfolio balance make you believe you are behind.
You are part of a very small percentage of your generation who actually possess the rare skill of agency.
Compared to the general population, you're already ahead of the curve. But crypto attracts some of the most ambitious, obsessive and resourceful people you'll ever meet. Don't mistake being ahead of the average for being ahead here.
You are doing the difficult things whilst your peers swim in the comfort of passive consumption and mediocrity.
Almost everything worthwhile requires some combination of patience, repetition, frustration, delayed gratification and persistence.
You are on the right path. Keep showing up and getting better every day.
I'm not posting this to coddle you though. If you've truly chosen this path, then step into it fully. There is no half-assing this.
Crypto is a very competitive industry with some of the most hard-working, high-agency people you'll ever meet.
Get a job if you can't give it your all, but if you want this, bring your A game, cos if you don't, others will and they'll take everything away from you.
Fraxlend’s sfrxETH/LFRAX market reached 259.47% lending APY at 99.91% utilization.
Nearly all supplied LFRAX was already borrowed, driving up rates for lenders. Supply LFRAX, the legacy Frax dollar stablecoin, to earn interest from borrowers posting sfrxETH collateral.
Additional deposits or borrower repayments can bring the rate down. This is a variable, annualized yield; near-full utilization can also constrain withdrawals, and stablecoin, collateral and smart-contract risks remain.
Already holding LFRAX? Check the live market: the rate can change as soon as more liquidity arrives.
app.frax.finance/fraxlend/pa…
Anicet¤ retweeted
💲ONCHAIN CA$H 💲 nitter.gq/i/broadcasts/2kEvLzJev…
In todays ONCHAIN CA$H open discussion We will share our thoughts on how political changes affect crypto markets and markets in general.
Democrat or Republicans. Will matter?
We’re going live in about 20 minutes with our ONCHAIN CA$H show.
Tonight we’re covering a hand-picked set of topics: Paraguay’s corralito, the Gnosis Pay data breach, stablecoin payments’ best month but still early, and Frax ecosystem news. Plus market TA from a FraxForce member.
Join us at 8 PM CET, live here on X.
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Anicet¤ retweeted
🗞️ Mint and redeem 10+ assets via $frxUSD.
¤ FraxNet: stablecoins (USDC, USDT, PYUSD, USDB), white-label dollars (USSD, USDso), tokenized Treasuries (BUIDL, USTB, WTGXX) and bank dollars
¤ Partners: USDte on @techdollarhq, mF-ONE on @MidasRWA, DUSD on @alto_money
Links below.
Anicet¤ retweeted
🗞️ For LPs chasing the biggest economic upside, $frxUSD is the best choice.
Today, 51+ assets trade directly against it across major networks.
Any onchain asset can pair with it. Like USDC, it's $1 liquidity backed by Treasuries. Unlike USDC, ~98% of those reserves sit onchain in BlackRock, WisdomTree and Superstate funds you can verify yourself, while the T-bill yield they earn gets forwarded to partner pools as LP incentives.
An economic upgrade for DeFi protocols and their LPs: high-quality liquidity, with incentives backed by T-bill yield instead of emissions.
Banking cases referenced:
nitter.gq/paulbarron/status/2118…
🚨UPDATE: Two banks collapsed on the same day.
Serbia: Alta Banka's owner allegedly took $427M+ from its own vault.
Paraguay: Ueno Bank seized; 3M customers' accounts frozen.
Money in a bank is a promise, not a possession. Not your keys, not your coins.
Question Everything. #HackTracker
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Ueno customers couldn’t withdraw or transfer their own money after the bank was taken over.
Alta Banka went bankrupt after an alleged $427M insider theft.
Crédit Mutuel Arkéa confirmed a cyberattack involving fraudulent transactions, although it said clients would suffer no financial loss.
In the trade below, someone borrowed 300,000 BRZ and sold it for frxUSD at 2:20 a.m. Traditional FX markets were closed. The trader could still act.
That makes me think more fiat will move on-chain.
Being able to hold and move dollars yourself, or exchange currencies overnight, is useful without needing a winning trade to prove it.
Crypto gets hacked too, and a stablecoin still needs sound backing and reliable redemption. But why accept banking hours as a permanent limit on what we can do with digital money?
1/ Brazil’s election was decided Sunday, Oct 25. Traditional FX markets were closed 🇧🇷
Lula won a fourth term, and the real plunged 8% when markets reopened.
But traders on @Featherlend on @0xPolygon had already been trading the move overnight.
Here’s how frxUSD powered it🧵
I want to see that possibilities on more currencies.
Can,t wait to short some trash fiat currencies.
Brazil's election ended Sunday night. Banks stayed closed until Monday. FX with $frxUSD on @0xPolygon stayed open.
At 2:20 AM, one trader shorted the real: ethereum:0xcf62f905562626cfcdd2261162a51fd02fc9c5b6 as collateral on @Featherlend, 300K BRZ borrowed and sold for frxUSD on @CurveFinance.
Once markets opened and the real fell, the BRZ was bought back cheaper and the loan repaid.
~$900 in 12 hours, while the collateral kept earning ~5% APY.
This is what better FX looks like to us: open when TradFi rails aren't, with a dollar that keeps earning.
Built on @Morpho, with BRZ from @transferogroup and liquidity from @DFB_DeFi.
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Anicet¤ retweeted
No politician will save you.
They also won't stop you.
Master yourself. Outwork everyone.
No matter whose in power, your fate is 100% up to you. Make it great.
We tend to forget that the biggest businesses in crypto are Stablecoins 💲
The market for stablecoins is still very little compared to the potential.
Some questions you must answer:
- What kind of stablecoins will most people use?
- How I can invest in the growth of this market?
- Will this preserve the OG crypto values?
- Can we scape from the matrix 😁?
Is a good chance to borrow some ethereum:0xcacd6fd266af91b8aed52accc382b4e165586e29 at low interest rates, and repay later.
Just maybe ⚔️
made with onchaincash.app/studio
Dope 🖤⚔️
76 days until GENIUS takes effect. Here’s how we see it, and why we think @FraxFinance is one of the most prepared issuers for what’s coming.
First, a reality check. The OCC finalized its rules on Oct 21, but applications haven’t opened yet. No stablecoin is officially “GENIUS-compliant” today, whatever the marketing says. What a stablecoin can do right now is show its work.
Back in March 2025, while GENIUS was still a draft, @samkazemian was on the Hill reading it cover to cover and working with @BlockchainAssn and @DanSpuller on revisions. Some of those edits, he says, made it into the bill’s wording. $frxUSD was built with this exact future in mind. Plenty of issuers are only now reading the rulebook. Sam helped shape it before it was one.
So here’s the work.
frxUSD has a uniquely clean reserve structure. It’s 103.44% backed, almost entirely by tokenized Treasury funds (WisdomTree’s WTGXX, BlackRock’s BUIDL, USTB) plus cash at Erebor.
@DefiLlama independently verifies the full reserves live, onchain and offchain. GENIUS asks for a monthly report. frxUSD’s reserves can be checked any day.
The exits are open. Redeem 1:1 onchain any time, or cash out to a U.S. bank account through FraxNet.
And the compliance plumbing is already built. FraxNet’s identity layer means you verify once and it works across partners, and the frxUSD contract can freeze tokens on a lawful order.
Some requirements only kick in with a license, like the monthly auditor exam and the capital rules. Frax has said it’s applying for a GENIUS license, so the application can go in as soon as the window opens.
Built for GENIUS. Licensed is the next step. Few stablecoins are this ready.
And honestly, we still don’t think most people get what this means once it’s live. From Jan 18, issuing a payment stablecoin in the U.S. takes approval. By July 2028, platforms can only offer approved ones to U.S. users. The ones that make it through become regulated digital dollars that banks, businesses and apps can build on.
Soon your parents will pay with stablecoins. They’ll use the ones that showed their work.
Our take as the Frax Force community, not an official Frax statement. Not a compliance claim, not financial or legal advice.
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Anicet¤ retweeted
frxUSD is now verified by @DefiLlama.
DeFi’s most trusted data platform has independently verified the backing of Frax’s institutional-grade stablecoin.
Two OG DeFi teams collaborating, with more to come.
More updates as we apply for a GENIUS license.
defillama.com/verified/frxus…
