The Positive-Sum World of Frax Finance | Sam Kazemian
Sam Kazemian is the Founder of Frax Finance. In this episode, we go deep with one of DeFi's most accomplished builders. Sam launched Frax Finance in 2020, being one of the earliest stablecoins to launch in the new era following DeFi Summer. We talk with Sam about how Frax has managed to thrive in such a competitive sector of DeFi, while leveraging a positive-sum strategy to not only grow Frax stablecoins but also some of their fiercest competitors. We also discuss their newest stablecoin pegged to 1 ETH called frxETH, which as of this recording, is #4 in total staked ETH among LSTs just behind Rocket Pool (even though frxETH isn't intended as an LST)! THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN OR NFT RELATED TO ANY PLATFORMS DISCUSSED. ------ 🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ 🙋♀️ Interested to sponsor episodes of The Edge? Fill this out: https://hl6pu9d99u5.typeform.com/to/E3NY5Mqn ------ 🌲 LINKTREE FOR THE EDGE PODCAST: https://linktr.ee/edge_pod 🔎 DISCOVER DEFI & WEB3 BLOG POSTS, PODCASTS, TUTORIALS: http://defidad.com/ ✅ FOLLOW DEFI DAD ON TWITTER: https://twitter.com/DeFi_Dad ✅ FOLLOW NOMATIC ON TWITTER: https://twitter.com/Nomaticcap ------ The Edge Podcast Sponsor Resources 🌊 STADER | MULTICHAIN LIQUID STAKING: https://staderlabs.com/ 🔔 PUSH PROTOCOL | WEB3 COMMUNICATIONS: https://app.push.org/ 🌿 LENS | DECENTRALIZED SOCIAL GRAPH: https://lens.xyz/ ⛩️ UTOPIA | PAYROLL AND EXPENSE MANAGEMENT FOR DAOS https://www.utopialabs.com/ ------ Topics Covered 00:00 - Intro 02:50 - Sam's background 06:30 - The origin of Frax Finance 10:40 - The Frax suite and The DeFi Trinity 16:25 - Stablecoin Maximalism 23:30 - Frax positive-sum strategy 33:45 - Why Sam and Frax bet on Curve and Convex 44:30 - How FRAX could be backed by Fed deposits 52:30 - Why the Frax Price Index (FPI) exists 53:30 - frxETH and backing it with other LSTs 57:45 - What's next for Frax 01:00:30 - frxETH as a WETH replacement 01:05:20 - Closing ------ Guest Links Sam Kazemian on Twitter: https://twitter.com/SamKazemian Frax Finance on Twitter: https://twitter.com/FraxFinance Learn about Frax Finance: https://frax.finance/ Frax Facts: https://facts.frax.finance/ Frax Convex Booster: https://frax.convexfinance.com/ ----- All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.