Frax (prev. FXS)
FRAX · detected 14 days ago
StatusClosed
Detected at$0.31189800▲ 15.4%in 24h
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The move that put this coin on our radar.
Since detection$0.31197800~ 0.0%
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Price change since this swing was detected.
Voting closed
End result▲ UP
12 votesLatest news about Frax (prev. FXS)
No recent news found for this coin.
Discussion
Log in to commentThe model determines whether you wake up to zero, so yeah, it matters even if you're only in for a week.
Vesting cliff hits around then though.
That upper wick on the last candle is actually pretty clean, no nasty rejection, price just sitting up there like it belongs.
Sam Kazemian kept tweaking the peg mechanism every time it wobbled, which is historically how you spell "eventually broken."
Algorithmic stablecoins pumping hard always makes me want to understand what's actually backing it before getting excited.
Sized in, let it run, took the print, nothing more to say.
called frax clean, walked away green 🤙 y'all were scared of a stablecoin play
Does this thing still have a partial collateral model or did they move to fully backed at some point?