The Rollup Rollup TV: FraxFinance, BitDigital, ZKsync, Monad
Oct 16, 2025
Sam from Frax Finance, a stablecoin expert, dives deep into the causes of stablecoin volatility, explaining critical redemption practices and the pitfalls of on-chain risks. Sam Tabar, CEO of BitDigital, shares insights on pivoting from mining to an Ethereum-focused treasury, discussing the synergy between AI data centers and Ethereum. Alex G from zkSync highlights the importance of privacy and interoperability for institutions and introduces the Previdium initiative. Lastly, Toons from Monad recaps the chaotic airdrop claim launch, detailing community engagement and future plans.
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Episode notes
Stablecoins Must Work In Stress
- Stablecoins must work "when nothing else works," meaning reliable redemptions and trusted reserves matter most.
- Sam (Frax) argues peg assessments should focus on issuer redemption behavior, not temporary exchange prices.
Assess Pegs By Redemption Policy
- Judge a stablecoin peg from the issuer's actions: can they process redemptions timely and orderly?
- Do not equate temporary secondary-venue prices with an issuer-level depeg.
Misusing Synthetic Dollars Creates Risk
- Using synthetic or algorithmic-like dollars as if they're fiat creates systemic risk when users treat them like redeemable cash.
- Sam (Frax) warns broad misuse can cause big, avoidable shocks even if the mechanism itself functions.