Frax Year in Review 2022: The DeFi Trinity is Born - Flywheel #32
Flywheel DeFi
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Frax Is a Base Asset, Right?
Pitch launched at a really nice time. Just swing convex was kind of coming into it and they were right in a nice sweet spot to pick up a bunch of FraxGare into the treasury. But we should have, we should have the pitch guys back on to come talk about the roadmap for 2023. And I don't think people are overestimating how difficult it is to get a Fedmaster account. It's definitely hard. Don't get me wrong. The base yield on Frax goes to 4% because or like whatever the short term interest rate is,. All that cash that just sits in the treasury could be swapped out to like, let's swap all the US
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