

How f(x) Protocol is Building a Novel DeFi Primitive w/ Aladdin DAO - Flywheel #73
Oct 11, 2023
01:52:43
In today's deep dive, we chat with Crouger and Kmets from Aladdin DAO๐งโโ๏ธ. Get ready as we explore the innovative primitive they're crafting with f(x) Protocol ๐ ๏ธ!๐DeFi Primitives: The foundation stones of our crypto universe. Discover why Uniswap and Compound's simple ideas are groundbreaking in our latest article.๐Dive into the basics: Get familiar with f(x) Protocol's new offering that divides LSD ETH into fETH & xETH. Think of fETH as the calm amidst ETH's storm, while xETH magnifies its price shifts! ๐๐๐ซ Kmets simplifies it for us: fETH is the precious chocolate core of an M&M, while xETH is the protective shell.๐ No Liquidation & No Funding Costs? Yep! xETH offers that and more. Learn how it relates to the TVL size of fETH and what happens when collateral issues arise. ๐ซ๐โ ๏ธ What if xETH crashes to 0? We discuss the potential risks~~~~Subscribe to the Flywheel mailing list: https://flywheeldefi.com~~~~Have ETH but don't know what to do with it? Swap it to FrxETH for the highest staking yields in crypto.https://app.frax.finance/frxeth/mint~~~~Want to up your IQ ๐ง Learn about Brain DAO: https://iq.braindao.org/dashboard~~~~Ready to build? Take part in the Frax, Flywheel, & Dorahacks hackathon. Enter today: https://flywheeldefi.com/p/fraxbuild-hackathon-launches-here~~~~Calling all threadoors, researchers, and dashboard creators ๐ข Earn rewards for your original Frax content. Learn more: https://flywheeldefi.com/p/announcing-the-frax-educational-incentives~~~~Follow FlywheelTwitter: https://twitter.com/FlywheelDeFiTelegram: https://t.me/FlywheelDeFiYouTube: @flywheeldefiSpotify: https://open.spotify.com/show/34xXNO2...Apple Podcasts: https://podcasts.apple.com/us/podcast...~~~~ConnectDeFi Dave: https://twitter.com/defidave22Kiet: https://twitter.com/0xkapital_kSam: https://twitter.com/traders_insight~~~~Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.