Last night, the group chat was buzzing again about "stablecoins being the main theme for 2026." I was working overtime while watching the market, and a sudden spike in price startled me 😂 (This...this...this...). Thinking I needed a return that would keep me awake at night, I casually exchanged a small amount of USDC for $frxUSD to test it out.
Over the past 7 days, I've seen many bloggers running $frxUSD→$sfrxUSD: first using the $frxUSD privacy pool, then checking the Proof-of-Resistance (PoR) on Chaos Labs, and finally putting spare cash into $sfrxUSD (≈5%). The price has been hovering around $1, and PegKeeper has reached tens of millions of dollars.
More importantly: the $FXS → $FRAX swap is scheduled (multiple exchanges offer a 1:1 ratio, and old $FXS will be discontinued starting January 13th), and $FRAX still uses Fraxtal's gas. Kaito's Top 100 this week is distributing 5M $FXTL weekly, with an additional 2% reportedly automatically flowing back to $FRAX.
Siyuan believes this isn't just about generating buzz; it's about creating a closed loop of "attention → on-chain activity → revenue → value capture." Do you favor this approach?
@fraxfinance @aixc_official @aixcfoundation