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Ep: 475 The Central Bank of DeFi With Sam Kazemian of Frax

CRYPTO 101

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Is There a Run on the Bank?

There can't be a run on the bank because assets are publicly verified and attested to by all the different nodes. there's no Celsius or Voyager or block five yeah type of risk where there's any hypotication and all thatExactly you don't have to take our word for it right like for just you know check the trust but then verify rightYou could go and take a look in fact people did this in fact that's why fracks never broke its peg in in May June and July during those like crazy weeks and stuff.

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