Frax Year in Review 2022: The DeFi Trinity is Born - Flywheel #32
Flywheel DeFi
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The Convex Fly Will Be a Race to Zero, Right?
I don't I don't really see this as too out of line, right? Because like if you're looking at it, it's the two biggest protocols. You can't just have a monopolized system inside of curve and convex where there's only one major driver. And in fact, fracks did a completely different pivot where the only real world asset they care about is the Fedmaster account. So yeah, it's just, you know, evolution, like you have to be nimble. You have to be able to adjust.
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