Stablecoins Past, Present, and Future w/ Robert Sams & Sam Kazemian - Flywheel EP #3
Flywheel DeFi
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How to Install Faith and Belief in Bitcoin
Rax has this dynamic clatter ratio of like, you know, algorithm makes a part lead backed by hard assets and other stablecoins. And we've realized actually you can quantify what you're saying in terms of faith and belief, because all of Rax is on chain,. All of the assets held are on chain and smart contracts. The whole thing is meant to be non-custodial, right? For example, when you say faith or belief, one way that we look at Frax's total state... You can see exactly how much debt is denominated in Frax on like, Aave or compound. So there's literally Frax that is being market made locked
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