# FRAX & the 4pool Curve Takeover | Sam Kazemian *Author: David Hoffman* *Published: Apr 13, 2022* *Source: https://www.bankless.com/de/frax-and-the-4pool-curve-takeover* --- ![audio-thumbnail]()FRAX & the 4pool Curve Takeover | Sam Kazemian0:00/0:001×⬆️* Join [Bankless Premium](#/portal/signup) to listen to the [Ad-Free version of this episode](https://bankless.ghost.io/early-access-the-internet-reset-alexis) *🚀 [Subscribe now](#/portal/signup) --- **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](https://bankless.cc/MAC) --- #### 🎙️ **[STATE OF THE NATION](https://youtu.be/w5_91cCWFEQ)** [Listen to podcast episode](http://podcast.banklesshq.com/) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058?ls=1) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://youtu.be/w5_91cCWFEQ) | [RSS Feed](http://podcast.banklesshq.com/rss) --- ### Bankless Sponsor Tools: 👀 **POLYGON** | LAYER 2 DEFI [https://bankless.cc/Polygon](https://bankless.cc/Polygon) ❎ **ACROSS** | BRIDGE TO LAYER 2 [https://bankless.cc/Across](https://bankless.cc/Across) 🦊 **METAMASK** | THE CRYPTO WALLET [https://bankless.cc/metamask](https://bankless.cc/metamask) 💳 **LEDGER** | THE CRYPTO LIFE CARD [https://bankless.cc/Ledger](https://bankless.cc/Ledger) 🧙‍♂️ **ALCHEMIX** | SELF REPAYING LOANS [https://bankless.cc/Alchemix](https://bankless.cc/Alchemix) 🦄 **UNISWAP** | DECENTRALIZED FUNDING [https://bankless.cc/UniGrants](https://bankless.cc/UniGrants) --- #### RESOURCES - [Sam on Twitter](https://twitter.com/samkazemian?s=20&t=_9GK1sX0K0kBbt7kMUr8Lw) - [Frax Finance](https://app.frax.finance/) - [Decentralized Finance and the Debt Cycles](https://academy.blue-swan.io/blog/decentralized-finance-and-the-debt-cycles) - [Market Share Chart](https://www.theblockcrypto.com/data/decentralized-finance/stablecoins/total-crypto-backed-and-algorithmic-stablecoin-supply) - [Do Kwon’s 4pool Tweet](https://twitter.com/stablekwon/status/1510021707377287170) --- #### 🏴 JOIN THE NATION 🏴 Subscribe: [Newsletter](https://bankless.ghost.io/) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://www.youtube.com/c/bankless) | [RSS Feed](http://podcast.banklesshq.com/) Follow:  [Twitter](https://twitter.com/BanklessHQ?s=20) | [Instagram](https://www.instagram.com/banklesshq/) | [Reddit](https://www.reddit.com/r/bankless/) | [TikTok](https://www.tiktok.com/@banklesshq) | [Facebook](https://www.facebook.com/banklesshq/) --- ***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](https://bankless.ghost.io/bankless-disclosures/).* --- *This article is brought to you by [MetaMask](https://www.bankless.com/de/sponsor/metamask-1776260643?ref=frax-and-the-4pool-curve-takeover)*