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Everything You Need to Know About Frax in 2023 - Sam Kazemian, Frax Finance, Ep. 226

The Blockcrunch Podcast

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The End State for FXS Tokens

The end state for fracks will look more like a circle or a pack source where you have licensed agreements with all these banks and custodians. One of the main issues is that the current way that the traditional financial system works is that you almost literally legally have to go through like 10 middlemen. So it's like credit or protect, in case one of these things goes bankrupt or something, so that you hold the assets for your users which are the stable going on.

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