In this episode of Empire, Sam Kazemian joins Jason and Dan to discuss Frax's mission to build the most widely used stablecoins in DeFi. Sam starts by explaining how Frax has succeeded while other stable protocols have failed, why Frax is eyeing Fed deposits and the strategy behind the "DeFi Trinity". We then explore Frax's new ETH staking product, the stablecoin trilemma, and Sam drops a new product announcement (alpha leak). Don't miss this conversation with one of the brightest minds in DeFi!
(00:49) - Frax’s Mission
(04:41) - How Frax Thrived When Others Failed
(09:00) - Fed Deposits, Escaping Regulation and RWAs
(17:03) - Public ad
(18:53) - Creating Spot Demand and Monetary Premium
(26:00) - frxETH and sfrxETH Explained
(44:31) - Is Frax’s Focus too Broad?
(49:02) - The Stablecoin Trilemma
(54:00) - Alpha Leak
(55:46) - Update on Frax’s Multisig
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.