Episode notes
This is the first in a multi-part series produced by the Flywheel team that takes a deeper look into the question “What is Money” and how does it function. The insights gained here will provide more context and education around why we think Frax is the best form of crypto money. In this inaugural episode, Producer Sam McCulloch explores the most important attribute of money… its ability to maintain value at par on demand. We take it for granted that every type of money we have is accepted at face value. What would it be like if your cash was worth less than the money in your bank account? It would cause chaos. Understanding the importance of holding the peg is vital to the workings of Frax and its role in crypto. A Stablecoins is only as good as its redemption ability in the most volatile of markets. It doesn’t matter how well you held the peg pr ...