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$frxUSD wins
i always told ya
Did frxUSD just win the Aave V4 wars?
$11.30M in active borrows. Largest stablecoin on Aave V4. Only ETH is ahead at $14.73M in total borrows. frxUSD is pulling away from every other stablecoin on the protocol and dominating on this.
@aave V4 just crossed $50M in total active borrows and frxUSD accounts for roughly 22% of that.
The borrow rate is sitting at 1.67% APY. I wanted to understand why it is this low so I had a conversation with some friends at @FraxForce and the explanation is straightforward once you see it.
Utilization is at 36.67%. $11M borrowed against $30M deposited. A lot of idle capital sitting on the supply side and low utilization means low borrow rates.
@fraxfinance is also actively incentivizing the supply side right now, pulling in capital faster than borrowing demand is growing.
For now the opportunity is clear. 1.67% to borrow the largest stablecoin on Aave V4 with $13.55M in capacity still available.
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and here we go
$frxUSD pegkeeper vol are at a record high in june
and that's not even the start
June is on-track for a record-breaking volume month for frxUSD PegKeeper pools 🌊
Bitcoin is down, but stablecoin volumes are strong, with dozens choosing frxUSD as their default stablecoin pair.
Led by top pools: @CurveFinance crvUSD and @MetronomeDAO msUSD, with more to come.
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frxGM⚔️
@BlackRock's new BITA ETF holds actual $BTC (through its spot ETF IBIT) selling call options on that Bitcoin every month.
the premiums collected from selling those calls are paid out as monthly yield
this is turning static $BTC into an income-generating product.
read more below
👇👇👇👇
JUST IN: @BlackRock is turning Bitcoin into an income product.
BITA, its iShares Bitcoin Premium Income ETF, is expected to launch Thursday, selling call options on IBIT to generate monthly yield.
Step one: Spot BTC. Step two: BTC income.
Wall Street is productizing crypto.
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Jun 15
Jun 15
A new frxUSD market is live on Morpho. Use sUSG as collateral to borrow frxUSD with @Tangent_fi.
Curated by @0xAlphaping.
Get started: app.morpho.org/ethereum/mark…
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daddy.frax retweeted
Jun 14
@aave V4 is becoming the onchain credit layer.
Deposits 171%. Active loans 105%.
$frxUSD already hitting strong demand.
Built for tokenized treasuries, RWAs, and machine-to-machine payments (Mastercard Agent Pay era).
Liquidity credit capital efficiency = foundational infrastructure for the next wave of onchain finance.
Raise the caps. Bullish.
read more from @Diphunter18 and give him a follow
👇👇👇
Jun 14
.@aave V4 is growing steady!
Total Deposits: 171%
Active Loans: 105%
Capital is flowing in.
Borrowing activity is growing.
Utilization is rising.
You can see that users are actively putting capital to work.
Assets such as $frxUSD have seen extremely strong demand, quickly approaching current market limits and demonstrating a growing appetite for yield-bearing, treasury-backed dollars within DeFi.
GHO is showing a similar pattern.
Aave's native stablecoin continues expanding its footprint across the ecosystem, further strengthening Aave's position as both a liquidity and monetary layer.
And this is likely only the beginning.
Aave V4 was designed for a future where lending markets aren't limited to traditional crypto assets.
Tokenized Treasuries.
Yield-bearing dollars.
RWAs.
Institutional collateral.
All connected through a unified liquidity architecture.
The timing is also interesting.
Mastercard recently announced Agent Pay for Machines, bringing together companies such as Coinbase, Stripe, Cloudflare, Polygon and Aave Labs to help build the infrastructure for machine-to-machine commerce.
If you don't understand what that means, let me explain.
Payments are becoming programmable.
Commerce is becoming autonomous.
And autonomous systems don't just need payment rails.
They need liquidity.
They need credit.
They need capital efficiency.
That's exactly where Aave sits.
As more capital moves onchain and new asset classes enter DeFi, I believe that aave is becoming one of the foundational financial infrastructure layers of the onchain economy.
Bullish👻
and Raise the caps😝
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daddy.frax retweeted
Jun 14
@StaniKulechov is right
AI will let businesses build custom software overnight and crush a lot of SaaS.
@aave @fraxfinance
Jun 13
Third-party software and saas companies are going to have a hard time. With ai, businesses can now build their own software with far greater capabilities very quickly, tailored specifically to their needs
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Jun 14
i think he didnt pay with @ether_fi card
tell him its easy to pay his $BLUPILL's easy there with his ethereum:0xcacd6fd266af91b8aed52accc382b4e165586e29
the easy way to pay your Pill Bills
Jun 14
"LETS TRY IT AGAIN!" (*47th declined attempt):
Just to clarify how based conviction looks like:
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Jun 13
great market pulse from @CharmanderX81
just worth watching
👇👇👇
Jun 13
Trying a more compact version of this week's [Extended $FRAX Market Pulse]
The ideas haven't changed. Only the delivery.
Curious whether this format makes the key points easier to absorb. Would love to hear your thoughts. 🤝
youtube.com/watch?v=2OYwFCiJ…
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daddy.frax retweeted
Jun 13
Royal couldn’t agree more 🤝
@CurveFinance sits at the center of stablecoin liquidity infrastructure, peg management, and emerging onchain FX markets.
Its AMM design and PegKeeper system have been battle-tested across multiple cycles, making it a core venue for deep, efficient stable asset liquidity.
As more stablecoins and application-specific dollars emerge, liquidity naturally continues to converge around Curve.
@fraxfinance is evolving from a stablecoin into a full-stack onchain dollar network.
$frxUSD is increasingly integrated into institutional-grade tokenized treasury exposure and DeFi liquidity systems, while sfrxUSD is positioned as a yield-bearing onchain dollar benchmark.
With Fraxtal, Frax is also building its own execution and distribution layer, tightening value capture across its ecosystem.
imo its clear, liquidity wins through distribution, and distribution wins through integrations.
Curve and Frax have been closely aligned in building that stack, especially around protocol-owned liquidity and PegKeeper-driven stability mechanisms, now extending into FX infrastructure initiatives.
If DeFi scales further, the infrastructure layers that route liquidity, manage pegs, and define dollar settlement rails are likely to become increasingly important.
Still early.
Bullish $CRV
Bullish $FRAX
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even over 10 years ago @naughtybynature knew about OPP
think about it ☝️
@Scale_Farm
Jun 13
The @Optimism_Pr community get's steady yield flows from our sustainable growth engine on @Base.
Grab your $OPP and earn in one of our opportunities on Scale.
🟦🤖: scale.farm/liquidity?search=…
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Jun 13
this is one for all chads
$SPECTRA / $USDC APR 45,6%
that's farming on @Scale_Farm
real @base chads are there
when do i see you there 🫵
Jun 13
$SPECTRA chads, this one’s for you.
SPECTRA/USDC is sitting at 45.6% APR.
With SCALE emissions streamlined over 42 days, rewards stay smooth and consistent for farmers on @Base.
🟦Start earning: scale.farm/liquidity/0x39940…
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daddy.frax retweeted
Jun 13
Happy Friday, dGENS 🍻
dLEND dUSD's utilization on Ethereum is only 54.5%, but its Supply APY has already reached parity vs. @aave USDC & USDT.
Meanwhile, dLEND dUSD's Net Borrow APY is about 4 percentage points lower vs. Aave USDC & USDT.
It's technically still in negative interest rate territory, so dUSD currently has zero net borrowing cost. In fact, borrowers are earning 0.30% APY thanks to interest rebates (hence why dUSD's Net Borrow APY is green).
Once utilization catches up, dLEND dUSD's Net Borrow APY will reach parity vs. Aave USDC & USDT, at which point its Supply APY will surpass market rates.
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Jun 13
stablecoins built the money layer onchain
credit is emerging as the next one
by turning lending positions into portable, yield-generating tokens — where borrowers pay for capital and risks are made transparent — protocols like @Eva_Markets are laying the foundation for onchain credit markets
money stores value - credit puts it to work - risk determines how that relationship is priced
this is how the full financial stack moves onchain
thx @CharmanderX81 for this deep insights 🫡
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