The Frax $FXS Thesis
6/ Interest Rates
FRAX can be minted into collateralized money markets like Aave and Rari's Fuse. The more FRAX that is minted, the lower the interest rates. New pools and token's looking to collateralize no longer need to find 3rd parties for stablecoin liquidity
7/ By creating collateral status, Frax can make any coin a productive asset. They can be used to borrow off of and farm. Yield correlates with return - these coins are easier to hold, and people are less incentivized to sell them.
8/ If Frax can influence the liquidity, collateral ratios, interest rates for any asset, then what does a king make?
9/ Also at Frax's disposal is its ability to influence frax related pools with $FXS incentives. We saw how instrumental Curve Finance has been in the growth of various stablecoin projects ($SPELL).
Now imagine Frax applying that flywheel to non-stablecoin projects
10/ The Trinity
What we've discussed is just the start. One must imagine FRAX as controlling the entire stack - Frax V3 will achieve The Trinity
11/ So how much are the keys to the central bank worth? We'll find out