⬆️ Join Bankless Premium to listen to the Ad-Free version of this episode 🚀

Subscribe now

Sam Kazemian is the founder of Frax, the fractional-algorithmic stablecoin protocol. After co-founding the decentralized Wikipedia startup Everipedia, Sam set out to pioneer the algorithmic stablecoin space. The FRAX stablecoin now has a market cap of over $2.6 billion, and the protocol’s FXS governance token is up 300% in the last year.

In this episode, we explore the Stablecoin Wars, in which different protocols compete for liquidity and composability in DeFi. Sam brings a 1st-person perspective into the developments surrounding UST and the recently launched 4pool on Curve, which consists of stablecoins UST, FRAX, USDT, and USDC.

A highlight of this conversation is Sam’s parable of an archetypal central bank, in which he cruises through a number of salient takes on money markets and macroeconomics. There is a lot to learn about this Cambrian explosion of financial technology, and Sam is a great teacher. Stick around to find out why walked away from this conversation bullish on Frax.

M·A·C Cosmetics x Keith Haring are Launching an NFT Collection for a Good Cause

Help youths in need

🎙️ STATE OF THE NATION

Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed

Bankless Sponsor Tools:

👀 POLYGON | LAYER 2 DEFI
https://bankless.cc/Polygon

❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

🦊 METAMASK | THE CRYPTO WALLET
https://bankless.cc/metamask

💳 LEDGER | THE CRYPTO LIFE CARD
https://bankless.cc/Ledger

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS
https://bankless.cc/Alchemix

🦄 UNISWAP | DECENTRALIZED FUNDING
https://bankless.cc/UniGrants

RESOURCES

🏴 JOIN THE NATION 🏴

Subscribe: Newsletter | iTunes | Spotify | YouTube | RSS Feed

Follow: Twitter | Instagram | Reddit | TikTok | Facebook

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Bankless

FRAX & the 4pool Curve Takeover | Sam…

Comments on this episode are for paid subscribers