Frax Year in Review 2022: The DeFi Trinity is Born - Flywheel #32
Flywheel DeFi
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Is This a Fucking Buyback?
Sam dropped a proposal for the buyback which passed and ended up buying back $2 million worth of FxS. They still have $18 million in the in the tank to deploy over there, you know, the next how many so months or years. I think it was one of those things where it's almost felt like where the they came out and they announced the buyback when the narrative around Luna was really bad. And they essentially came out and said like, Hey, we're going to buy $20 million. It was enough to drive the market back up to like eight bucks, seven eight bucks on the pair. Yeah. My favorite boat was on ice TV. But yeah
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