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

CRYPTO 101

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Has Facks Ever Been Targeted?

Has fracks ever been targeted I know you guys said you never lost your peg but have you guys ever kind of like fought off an attack? No. because their whole system it was all endogenous collateral right like the price of luna which minted UST those were so intricately combined and there was nothing else there. If every single fracks stablecoin that's owned by users or being staked or something uh was withdrawn they could get back a dollar of value from the protocol smart contracts, he says. "We just realized we just assume that everything is always adversarial"

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