The Positive-Sum World of Frax Finance | The Edge Podcast
Sam Kazemian is the Founder of Frax Finance.
In this episode, we go deep with one of DeFi's most accomplished builders. Sam launched Frax Finance in 2020, being one of the earliest stablecoins to launch in the new era following DeFi Summer. We talk with Sam about how Frax has managed to thrive in such a competitive sector of DeFi, while leveraging a positive-sum strategy to not only grow Frax stablecoins but also some of their fiercest competitors. We also discuss their newest stablecoin pegged to 1 ETH called frxETH, which as of this recording, is #4 in total staked ETH among LSTs just behind Rocket Pool (even though frxETH isn't intended as an LST)!
🎙️ If you prefer a podcast player, subscribe and listen to The Edge Podcast here: anchor.fm/edgepod
THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN OR NFT RELATED TO ANY PLATFORMS DISCUSSED.
🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/
🙋♀️ Interested to sponsor episodes of The Edge? Fill this out:
hl6pu9d99u5.typeform.com/to/E3NY5Mqn
🌲 LINKTREE FOR THE EDGE PODCAST: linktr.ee/edge_pod
🔎 DISCOVER DEFI & WEB3 BLOG POSTS, PODCASTS, TUTORIALS: defidad.com/
✅ FOLLOW DEFI DAD ON LENS: lenster.xyz/u/defidad
✅ FOLLOW NOMATIC ON TWITTER: twitter.com/Nomaticcap
The Edge Podcast Sponsor Resources
🌊 STADER | MULTICHAIN LIQUID STAKING
staderlabs.com/
🔔 PUSH PROTOCOL | WEB3 COMMUNICATIONS
app.push.org/
🌿 LENS | DECENTRALIZED SOCIAL GRAPH
lens.xyz/
🤖 UTILITI.AI | ALL-IN-ONE PLATFORM TO LAUNCH DAPPS AND GAMES
www.utiliti.ai/
⛩️ UTOPIA | PAYROLL AND EXPENSE MANAGEMENT FOR DAOS
www.utopialabs.com/
Topics Covered
00:00 - Intro
02:50 - Sam's background
06:30 - The origin of Frax Finance
10:40 - The Frax suite and The DeFi Trinity
16:25 - Stablecoin Maximalism
23:30 - Frax positive-sum strategy
33:45 - Why Sam and Frax bet on Curve and Convex
44:30 - How FRAX could be backed by Fed deposits
52:30 - Why the Frax Price Index (FPI) exists
53:30 - frxETH and backing it with other LSTs
57:45 - What's next for Frax
01:00:30 - frxETH as a WETH replacement
01:05:20 - Closing
Guest Links
Sam Kazemian on Twitter
twitter.com/SamKazemian
Frax Finance on Twitter
twitter.com/FraxFinance
Learn about Frax Finance
frax.finance/
Frax Facts
facts.frax.finance/
Frax Convex Booster
frax.convexfinance.com/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.