Building The First Fractional Algorithmic Stablecoin with Sam Kazemian, Founder at FRAX Finance – Ep. 24 - a podcast by Bobby Ong & TM Lee

In this episode, Bobby Ong, co-founder of CoinGecko is joined by Sam Kazemian, Founder at FRAX Finance. Bobby interviewed Sam on the background of FRAX, its fractional algorithmic stablecoin, problems with stablecoins, plans to increase FRAX adoption as well as proposed FRAX bond.

[00:00:02] Intro
[00:01:23] Introduction of FRAX
[00:04:32] Use of FRAX Share token (FXS)
[00:06:30] Idea of fractional algorithmic stablecoin
[00:12:22] Thoughts on problems of stablecoins
[00:18:19] Thoughts on market absorption for FRAX
[00:23:29] Demand for FRAX
[00:38:35] FRAX bond proposal

Quotes from the episode:

“Right now we only use USDC. The protocol starts at 100% collateralized. As it expands, it'll slowly test lower and lower collateral ratios. And so what that means is the FRAX stablecoin is only backed by USDC at the collateral ratio.” [00:02:32]

“One of the main stories that I like to tell about how FRAX came to be after the whole Tether saga.” [00:07:24]

“One of the things that's interesting that we're exploring, not finalized, we don't really know if this is what we'll release or anything, but we were thinking of having FRAX be backed by $1 of LP token value.” [00:30:21]


Links

FRAX Finance - https://frax.finance/
CoinGecko - https://www.coingecko.com/
Frax (FRAX) on CoinGecko - https://www.coingecko.com/en/coins/frax
Frax Share (FXS) on CoinGecko - https://www.coingecko.com/en/coins/frax-share

Social Media

FRAX Finance:
https://twitter.com/fraxfinance
https://t.me/fraxfinance

CoinGecko:
https://twitter.com/coingecko
https://t.me/coingecko

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