God-tier alpha in this proposal for an @feiprotocol & @fraxfinance alliance
-FEI replaces UST in the 4Pool on Curve
-FRAX/DAI/FEI becomes a base pair on Balancer
Absolutely love it, fully supportive as a tokenholder of both 🤝
tribe.fei.money/t/frax-x-fei-s…
Some personal news…
Today is my last day @bankless
I’m leaving to take an opportunity to work with the chads at 🔥_🔥 to help grow @Wildfire_DAO
And I’m also building a project related to web3 games/autonomous worlds
1/2
The $UST situation is a prime example of why deep liquidity for stablecoins on Curve is vital both from a practical and psychological perspective
This is why stablecoin issuers are paying millions in bribes to $CVX holders - It's an operating expense
We talk all the time about TradFi institutions buying our DeFi bags
But I think the real "institutional bid" won't come from TradFi - It's will come from DAOs
A short 🧵 on DAOs as DeFi's smart money & the trend of DAOFi as a whole
The 4 Pool is pretty cool and will clearly be by far the most liquid pool in DeFi
Congrats to @fraxfinance@terra_money@redactedcartel and @DebtDAO on this setting this up
1/2 decentralized is far greater than 1/3 decentralized
$FXS is in $GMI btw ;)
I'm going to work very hard to make $GMI one of the most productive assets in DeFi
My initial ideas:
-Fuse pool
-Tokemak reactor
-Ribbon vault
-Dopex SSOV
Where/how else would you like to be able to earn a yield and put your $GMI to work?
I'm pilled on the DeLabs ecosystem after watching the @bankless episode with @frankdegods today
The ambition is palpable
Decided to cop an @y00tsNFT & join the community 🫡
