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Flywheel
@flywheelfi
Flywheel is the destination for Frax, DeFi Alpha & everything in between. We're here to help you harness the power of the Flywheel.
Media & News CompanyOn-chainlinktr.ee/flywheeloutputJoined June 2022

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Has FXS enabled frxETH looping on FraxLend? If not - imagine frxETH adoption rate of change will accelerate given AAVE retrenchment and product mkt fit going into ETH Shanghai Functionality should be similar to Euler
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Here's what I'm thinking frxETH APR at 8% and ETH borrow at 4% at a 75% LTV creates a 24% levered yield Liquidation happens at 11% depeg FXS accrues profit on frxETH yield and the ETH borrow rate For every 1mm frxETH created that's worth ~$20mm to FXS w/ leverage to ETH price
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Remember all the extortion lawsuits around copyright and BitTorrent 10 years ago? It’s all coming to DAO’s soon thanks to Ooki. Except this time your not stealing a movie You're buying “Howey’s oranges” and forming an unincorporated association.
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[FrxETH] No sugar coating it. We're coming to drink their milkshakes. We already drank Ankr's and we got after Stakewise's. Frax is going to be in the Top 3 in a few days. One area that Frax is ALREADY on top of is the yield department. Printing 7.88% on the 30D avg.
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[FrxETH] 74k frxETH. 17.7% increase over last week. and you may ask where are all these frxETH going? Well, I gotchu boo. 47.8% in sfrxETH collecting native ETH yield and 48.2% in the Curve LP printing FXS, CRV, and CVX.
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[FraxBP Metapools (Stables)] We saw an increase of 11% this week, solidly pushing past the $50M mark. Frax paid $59k in Jan to incentivize $923 of liquidity for each $1 of bribes spent. Pretty dam good.
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Think of how much has changed in the last 8 years, could you have imagined what we have today? What would it mean if there was just as much change coming? What does it mean for what we know and love today? What does it mean for Tomorrow-Fi?
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Are you able to see TomorrowFi? @SalomonCrypto in his latest gives some clarity on this cycles promises, busts and how it will lead to the unicorns of the future.
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First green weekly candle since the depegging of UST and everyone panic selling algorithmic stablecoins. Frax held its peg perfectly during the most volatile market conditions we have ever seen. Do you believe yet? $FXS
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4. Borrow FRAX (up to your desired level, we did 50% LTV) 5. Swap RAX for WETH + FXS (50/50) 6. LP into the UniswapV3 WETH/FXS pool (0.05%) Do your own APR calc (or tune into the episode if you're feeling lazy).
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This episode we decided to crank up the degen-o-meter quite a bit. We think you're going to like it. Assets: sfrxETH, FRAX, WETH, FXS How: 1. Turn ETH into frxETH 2. Stake frxETH to sfrxETH 3. Deposit sfrxETH to FraxLend
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