Frax Year in Review 2022: The DeFi Trinity is Born - Flywheel #32
Flywheel DeFi
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The Four-Poor Launch
The collapse of terror happened, which I think is one of the most well executed conspiracies of all time. It was fracks taking out its biggest competitor at the time. And around this time, it was just like absolute open season on all stablecoins. Like once like there was blood in the water, everyone just tried to attack and deep peg stable coins. But, you know, fracks with the way they built fracks, the stablecoin with the AMOs and how they engineered it, it kept its peg,.It kept its peg and was able to scale down safely.
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