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Nice weekly gains, outperforming $BTC Now we did some minor corrections to our portfolio, including more gaming coins $MAGIC $SPELL, rebalancing and taking 1% profit into #bitcoin

I decided to lower our $ETH holding by 3% and buy more $LUNA I'm looking at epic $SPELL recovery and think $LUNA could pull something similar Both tokens crashed due to the same FUD without any valid reason so it is not crazy to expect similar recovery

1% $SPELL

Added $SPELL , I have mentioned this coin previously in my updates and talks about CRV, CVX, and FXS. I think it speaks volumes that all of the recently added coins by iconomi are DeFi protocols. Capital is starting to move in this direction which we have positioned ourselves in early.

The Frax $FXS Thesis

Part 2

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