sam.frax
@samkazemian
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¤ Founder CEO @FraxFinance 💸 $FRAX ¤ 🇺🇸 Cofounder @IQAICOM $IQ 🤖 neuroscience & philosophy @ucla
Joined July 2015
Thank you for everything you’re doing for our industry & your tireless work on the GENIUS Bill @SenatorHagerty. @fraxfinance & I are looking forward to supporting you & all pro-US innovation legislators to make history this year. We'll start the golden era of USD stablecoins! 🤝
It was an honor to participate in this year’s Bitcoin Conference in Las Vegas! I enjoyed seeing @BoHines and @DavidFBailey, along with participating in @CodyCarboneDC’s panel with @samkazemian, @GOPMajorityWhip, @davidmarcus, and @RepBryanSteil. Digital asset technology is the
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Nice analysis & generally appreciate @slatestarcodex's posts, but the fact that this doesn't pass my simple "Malibu Librarian" heuristic means he really screwed up somewhere in all the graphs. Yes, I read the entire thing & the mortgage/home charts he said didn't show anything
Just read the inimitable @slatestarcodex deconstructing the 'vibecession'. Doesn't write about economics often but when he does, always worth reading: https://t.co/kC20Yvb6vy
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Ngl this is pretty cool, it's like if Pump & stablecoins had a baby. inb4 memestables, someone should make strBUCK ☕️
Tempo lets you create a new stablecoin straight from your browser. Interactive tutorials in the docs to make you fully experience Tempo's superpowers.
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From her comfortable life in America, Sophie plunges into India's colorful slums in 'Children Who Dance in the Rain.' Her transformative journey uncovers magic, gratitude, and empathy. Your purchase writes new stories -- 25% of proceeds directly aid underprivileged children.
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On what time horizon does "ETH/L1 token is priced at 380x P/E" statement flip from proof of being overvalued to proof of P/E being the wrong framework for L1s? Most people agree BTC has ∞ P/E since it captures no revenue with the justification 'special snowflake.' Great, but
Amazon is a network and arguably one of the most successful networks ever built. Which is why comparisons are uncomfortable: when you line Ethereum up next to real, scaled networks like Amazon or Facebook, the valuation gap becomes impossible to ignore. Ethereum at a ~$380B
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The central point in the @hosseeb & @santiagoroel debate: what do most L1 tokens actually represent? Is owning ETH like owning a piece of a great city-state like Singapore or does it only represent a shitty tax receipt/municipal bond of said state (which has very low taxes &
Haseeb explains how L1 chains are like cities “Ethereum is like Singapore, you shouldn’t think of Singapore’s value based on its tax receipts, but instead on all the wealth that exists there”
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Bro's real life is cooler than even the Social Network movie. Emails SEC as a child in good faith, builds exactly what he says he will, SEC+FBI try to stop him, the raid+lawsuits fail. Bro literally takes over the US public markets and NYSE.
The Forbes cover piece mentions how I was emailing the SEC as a kid Here it is, October 2013. Little did I know... What people call an "overnight success" takes a decade. And still a looong way to go
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Analogue 3D - Funtastic Limited Editions Available now Guaranteed shipping by Christmas. A reimagining of the N64. In 4K resolution.
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1/ NFTs are coming to Fraxtal 💥 Frax is partnering with @rarible to bring creator-owned marketplaces and curated drops to Fraxtal, our high-performance L1 built for the future of stablecoins.
Rarible welcomes Fraxtal 🔗 Fraxtal, by @fraxfinance, is a high-performance L1 built for the future of stablecoins You can now collect, trade, and launch Fraxtal NFTs seamlessly on Rarible, with points for every trade To kick things off, we have 3 drops lined up ⬇️
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The only crypto moat is monetary premium. Not IO, not orderbook depth, not UIs, not licenses, not low fees etc. Just monetary premium like real stablecoins & SoV tokens. No exceptions.
really fascinating to watch prediction markets go through the same commodification cycle as crypto infrastructure crazy to see that robinhood drove more than half of kalshi's total volume over the past few months seems that tapping into robinhood for distribution let robinhood
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Slowly then suddenly. Really proud to announce the premier stablecoin of @CantonNetwork $CUSD will be backed by our flagship $frxUSD GENIUS compatible stablecoin issuance system.🤝 Looking forward to working with the @Send team to make this a BIG one.
1/ Last week, we announced that we partnered with @brale_xyz to issue stablecoins backed by frxUSD. Today we're announcing the first stablecoin to have frxUSD backing will be @CUSD by @Send.
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When people fear medical bills more than medical problems, they make absurd trade-offs. Like swapping the ambulance ride for their buddy’s hatchback. Take care of your health tax free by opening an HSA at HSA Bank. Have a Bronze healthcare plan? You’re now HSA eligible.
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Frax's yield token $sfrxUSD will always be the best choice for yield, risk adjusted. Park your money there safely, knowing Frax with it's diligence and security got your back. Currently 5.15% APY! You find it at https://t.co/eZdDlD6Lr3
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There's 2 ways to do a stablecoin issuance platform: 1) Build your own. 2) Team up with with the best of the best issuance platforms like @brale_xyz to have them build theirs with frxUSD & bring the benefits to their institutional customers. Very excited for this! 🤝
1/ When launching a stablecoin, two choices define everything: issuance and backing. Today we’re announcing our partnership with @brale_xyz, pairing Brale’s best-in-class stablecoin issuance platform with frxUSD, our GENIUS-aligned digital dollar built for better money backing.
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1/ When launching a stablecoin, two choices define everything: issuance and backing. Today we’re announcing our partnership with @brale_xyz, pairing Brale’s best-in-class stablecoin issuance platform with frxUSD, our GENIUS-aligned digital dollar built for better money backing.
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Since this stablecoin question seems to come up all the time, I want to answer it once & for all clearly. There needs to be a representation of 1 USD (whether a token or tradfi deposit) because DEBT needs to be denominated in USD terms only. Not USD+variable_RFR. Debt must be
@sumatrone @Leo_Glisic Maybe I'm missing something here, but i still don't get why we can't all transact in yield earning tbills rather than regular old dollars If there's a USG default, even those in cash are gonna get screwed right?
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Yo but actually...that $0 tax owed is a big opportunity. Some stablecoin issuer (maybe us at Frax) should just partner with a card program & distribute tbill yield as spending rewards so it's 0 tax. Load a card with frxUSD, spend, earn the risk-free rate as tax-free rewards.
Day in the life of a Coinbase One Cardholder: Spent: $1,039 Earned: $41.56 in bitcoin Tax owed: $0 (card rewards aren't taxable when awarded)
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Very interesting that Zcash has 21M cap like $BTC & becoming a "private SoV gold" meme but has a revenue capture mechanism to ZEC holders modeled after EIP1559, a big divergence from BTC. The more Zcash succeeds, the more proof that DCF & SoV coins are not mutually exclusive.
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Agreed: "people don't want stablecoins for crypto rails, they want USD on crypto rails." Wherever majority of your net worth is, you'll prefer to hold USD there. If onchain, then stables. If offchain, then banks. To get stables to trillions, bring everything ELSE onchain first.
Ameen is correct. It stems from a hard truth: People don’t want stablecoins because they run on crypto rails - stablecoins are in crypto because there are no USD in crypto & demand for USD is high. It is only happy accident crypto rails reach parts of the globe where financial
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Sam Kazemian breaks down his stablecoin spectrum thesis and FraxNet's role as the central clearing house for the ecosystem.
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Live with @samkazemian of @frax on episode ten of our show Stabled Up. Been an incredible 10 weeks, powered by Frax.
Rollup TV: Wallet in Telegram, SQD and Stabled Up
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Will be on in exactly 90 minutes to discuss all things STABLECOINS, DeFi, and @Frax!
LIVEEEE. Its so over. Were so back. Its so over. Interviewing @pogodasuper, @kureus_ and @samkazemian See you there https://t.co/ZihjUtpTVu
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Skin in the game isn't most important (but it helps). Most important is arms-length separation between party that evaluates credit risk vs people that take risk. Like TradFi. Right now a DeFi vault curator is both risk evaluator+allocator. The roles need to be clearly separated.
What do you think of curators having skin in the game? Would that be co-investment or junior capital? How much do you think it should cost? @SteakhouseFi is invested in Smokehouse/High Yield products both on Ethereum and Base. Could add a timelock. Would anyone care?
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Freshly roasted, perfectly brewed, and poured with care. Your morning just found its perfect start.
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