{"id":3765,"date":"2023-05-31T10:49:44","date_gmt":"2023-05-31T10:49:44","guid":{"rendered":"https:\/\/coinkickoff.com\/?p=3765"},"modified":"2026-01-08T14:14:54","modified_gmt":"2026-01-08T14:14:54","slug":"usdc-vs-frax","status":"publish","type":"post","link":"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/","title":{"rendered":"USDC vs FRAX"},"content":{"rendered":"<h1><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-290 size-full\" src=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/2022\/08\/Frax-Crypto.jpg\" alt=\"USDC vs FRAX\" width=\"1000\" height=\"533\" srcset=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/2022\/08\/Frax-Crypto.jpg 1000w, https:\/\/coinkickoff.com\/wp-content\/uploads\/2022\/08\/Frax-Crypto-300x160.jpg 300w, https:\/\/coinkickoff.com\/wp-content\/uploads\/2022\/08\/Frax-Crypto-768x409.jpg 768w, https:\/\/coinkickoff.com\/wp-content\/uploads\/2022\/08\/Frax-Crypto-18x10.jpg 18w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/h1>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Sekcie<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Prep\u00ednanie tabu\u013eky obsahu\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Prep\u00edna\u010d<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#USDC_vs_FRAX\" >USDC vs FRAX<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#The_History_of_USDC_and_FRAX\" >Hist\u00f3ria USDC a FRAX<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#How_Do_USDC_and_FRAX_Work\" >Ako funguje USDC a FRAX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#What_Are_the_Main_Use_Cases_of_USDC_and_FRAX\" >Ak\u00e9 s\u00fa hlavn\u00e9 pr\u00edpady pou\u017eitia USDC a FRAX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#USDC_and_FRAX_Price_History\" >USDC a FRAX Hist\u00f3ria cien<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#USDC_Price_History\" >USDC Cenov\u00e1 hist\u00f3ria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#FRAX_Price_History\" >Hist\u00f3ria cien FRAX<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#USDC_and_FRAX_Market_Cap\" >USDC a FRAX Trhov\u00e1 kapitaliz\u00e1cia<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#USDC_Market_Cap\" >USDC Trhov\u00e1 kapitaliz\u00e1cia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#FRAX_Market_Cap\" >FRAX Trhov\u00e1 kapitaliz\u00e1cia<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#USDC_vs_FRAX_Main_Similarities\" >USDC vs FRAX: hlavn\u00e9 podobnosti\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#DeFi_Rewards\" >Odmeny DeFi\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Centralization\" >Centraliz\u00e1cia\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#USDC_vs_FRAX_Main_Differences\" >USDC vs FRAX: Hlavn\u00e9 rozdiely\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Collaterals\" >Kolater\u00e1ly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Reserves\" >Rezervy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Market_Capitalization\" >Trhov\u00e1 kapitaliz\u00e1cia<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Risks_Associated_With_USDC_and_FRAX\" >Rizik\u00e1 spojen\u00e9 s USDC a FRAX\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Risk_of_Depegging\" >Riziko odl\u00fa\u010denia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Legal_and_Financial_Risks\" >Pr\u00e1vne a finan\u010dn\u00e9 rizik\u00e1<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Where_Can_You_Buy_USDC_and_FRAX\" >Kde si m\u00f4\u017eete k\u00fapi\u0165 USDC a FRAX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#How_Can_You_Exchange_USDC_for_FRAX\" >Ako m\u00f4\u017eete vymeni\u0165 USDC za FRAX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/coinkickoff.com\/sk\/usdc-vs-frax\/#Future_Plans_for_USDC_and_FRAX\" >Bud\u00face pl\u00e1ny pre USDC a FRAX<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"USDC_vs_FRAX\"><\/span><span style=\"font-weight: 400;\">USDC vs FRAX<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">Na papieri, <a href=\"https:\/\/coinkickoff.com\/sk\/usd-coin-usdc\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"\u010co je USD Coin (USDC)? Ako funguje a kde ho k\u00fapi\u0165?\">USDC<\/a> a <a href=\"https:\/\/coinkickoff.com\/sk\/frax-crypto-frax\/\" data-internallinksmanager029f6b8e52c=\"51\" title=\"\u010co je Frax Crypto (FRAX)? Ako funguje a kde ho k\u00fapi\u0165?\">FRAX<\/a> s\u00fa dos\u0165 podobn\u00e9: s\u00fa stabilnecoins naviazan\u00e9 na americk\u00fd dol\u00e1r. Maj\u00fa v\u0161ak d\u00f4le\u017eit\u00e9 rozdiely, o ktor\u00fdch by ste mali vedie\u0165 sk\u00f4r, ako si niektor\u00fa z nich k\u00fapite. coin<\/span><\/p>\n<p><span style=\"font-weight: 400;\">V tomto \u010dl\u00e1nku porovn\u00e1vame USDC a Frax, aby sme v\u00e1m pomohli pochopi\u0165 rizik\u00e1 a v\u00fdhody investovania do t\u00fdchto stabiln\u00fdchcoins. Bez \u010fal\u0161\u00edch slov v\u00e1m prin\u00e1\u0161ame na\u0161u recenziu USDC a Frax.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_History_of_USDC_and_FRAX\"><\/span><span style=\"font-weight: 400;\">Hist\u00f3ria USDC a FRAX<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Vydal <a href=\"https:\/\/coinkickoff.com\/sk\/coinbase-review\/\">Coinbase<\/a>, jeden z najv\u00e4\u010d\u0161\u00edch <a href=\"https:\/\/coinkickoff.com\/sk\/crypto-exchanges\/\" data-internallinksmanager029f6b8e52c=\"141\" title=\"21 Najlep\u0161ie kryptomenov\u00e9 burzy a aplik\u00e1cie v roku 2024\">kryptografick\u00e9 burzy<\/a> na svete a Circle Consortium, USDC je druhou najv\u00e4\u010d\u0161ou stabilnou spolo\u010dnos\u0165ou na svetecoin pod\u013ea trhovej kapitaliz\u00e1cie.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">USDC bol prv\u00fdkr\u00e1t uveden\u00fd na trh v roku 2018 ako regulovan\u00e1 alternat\u00edva k <a href=\"https:\/\/coinkickoff.com\/sk\/tether-usdt\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"\u010co je Tether (USDT)? Ako funguje a kde ho k\u00fapi\u0165?\">USDT<\/a>, prv\u00fd a naj\u00faspe\u0161nej\u0161\u00ed stabiln\u00fdcoin na svete. Akt\u00edvum malo by\u0165 <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-11\/coinbase-drops-promise-of-token-s-cash-backing-that-wasn-t-true\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">kryt\u00e9 americk\u00fdmi dol\u00e1rmi vo feder\u00e1lne poisten\u00fdch bank\u00e1ch<\/span><\/a><span style=\"font-weight: 400;\">, hoci Circle nakoniec priznal, \u017ee <\/span><a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/coinbase-crypto-stablecoin-usdc-mistake-reserves-treasuries-cash-treasurys-circle-2021-8\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Rezervy USDC neboli tvoren\u00e9 v\u00fdlu\u010dne hotovos\u0165ou<\/span><\/a><span style=\"font-weight: 400;\"> v roku 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Samozrejme, ani udr\u017eiavanie rezerv na bankov\u00fdch \u00fa\u010dtoch nie je dokonal\u00fdm rie\u0161en\u00edm, ako sa uk\u00e1zalo v roku 2023, ke\u010f <\/span><a href=\"https:\/\/www.reuters.com\/business\/crypto-firm-circle-reveals-33-bln-exposure-silicon-valley-bank-2023-03-11\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Silvergate Bank vyhl\u00e1sila konkurz<\/span><\/a><span style=\"font-weight: 400;\">. Circle mal v tom \u010dase v Silvergate Bank USDC v hodnote 3,3 miliardy a po zverejnen\u00ed tejto spr\u00e1vy sa mu zlomili kol\u00edky.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">USDC r\u00fdchlo obnovila svoj 1 USD kol\u00edk, ke\u010f Circle a FDIC ozn\u00e1mili, \u017ee \u00fa\u010dty Silvergate bud\u00fa kryt\u00e9 a z\u00e1kazn\u00edci neutrpia straty.<\/span><\/p>\n<p><b>Frax bol uveden\u00fd na trh v roku 2020. Vyd\u00e1va ho spolo\u010dnos\u0165 Frax Finance, ktor\u00e1 je s\u00fa\u010das\u0165ou skupiny DeFi.<\/b><span style=\"font-weight: 400;\"> Hoci bol pri svojom spusten\u00ed pomerne popul\u00e1rny, stratil \u010das\u0165 poz\u00edcie v porovnan\u00ed s in\u00fdmi projektmi stablecoin kv\u00f4li riskantn\u00e9mu mechanizmu peggingu, ktor\u00fd \u010diasto\u010dne z\u00e1vis\u00ed od algoritmov.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Do_USDC_and_FRAX_Work\"><\/span><span style=\"font-weight: 400;\">Ako funguje USDC a FRAX?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ak viete, ako funguje stablecoins, m\u00e1te u\u017e predstavu o tom, ako funguj\u00fa FRAX a USDC. Tieto stablecoins m\u00f4\u017eete kedyko\u013evek vymeni\u0165 za 1 USD, preto\u017ee s\u00fa cenovo stabiln\u00e9, preto sa naz\u00fdvaj\u00fa stablecoins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ale ako sa im dar\u00ed udr\u017ea\u0165 cenu na \u00farovni 1 USD? No, USDC to rob\u00ed klasick\u00fdm sp\u00f4sobom. Udr\u017eiava rezervu pozost\u00e1vaj\u00facu z akt\u00edv, ako s\u00fa hotovos\u0165, komer\u010dn\u00e9 cenn\u00e9 papiere a dlhopisy, ktor\u00e9 zaru\u010duj\u00fa, \u017ee emitent USDC Circle m\u00f4\u017ee od v\u00e1s v\u017edy odk\u00fapi\u0165 USDC za 1 USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">M\u00f4\u017eete si to predstavi\u0165 ako banku. Vlo\u017e\u00edte hotovos\u0165, z\u00edskate krypto, a ak u\u017e krypto nepotrebujete, jednoducho ho vymen\u00edte sp\u00e4\u0165 za hotovos\u0165.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Frax sa l\u00ed\u0161i od stabiln\u00fdchcoins ako USDC a USDT dvoma sp\u00f4sobmi. Po prv\u00e9, nie je kryt\u00fd hotovos\u0165ou alebo jej ekvivalentmi, ale in\u00fdmi kryptomenami ako USDC. Vyd\u00e1vaj\u00facej spolo\u010dnosti d\u00e1te svoj coins; ona v\u00e1m d\u00e1 FRAX. Ke\u010f budete chcie\u0165 svoj coins sp\u00e4\u0165, k\u00fapia od v\u00e1s FRAX za tieto krypto rezervy. In\u00fdmi slovami, je to z\u00e1visl\u00e9 od in\u00fdch kryptoakt\u00edv.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aby ste mohli vy\u0165a\u017ei\u0165 FRAX, mus\u00edte zabezpe\u010di\u0165 mix kryptomien vr\u00e1tane vlastnej nat\u00edvnej spr\u00e1vy Frax Finance token. Mus\u00edte zablokova\u0165 ur\u010dit\u00e9 mno\u017estvo <a href=\"https:\/\/coinkickoff.com\/sk\/frax-share-crypto-fxs\/\" data-internallinksmanager029f6b8e52c=\"94\" title=\"\u010co je Frax Share Crypto (FXS)? Cena a kde ju k\u00fapi\u0165\">FXS<\/a> spolu s \u010fal\u0161ou \u0161ifrou coin, ako je USDC, aby ste z\u00edskali FRAX.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ako si viete predstavi\u0165, tento proces predstavuje \u010fal\u0161\u00ed prvok rizika: Ak kryptomeny, ktor\u00e9 podporuj\u00fa FRAX, stratia svoju hodnotu, spolo\u010dnos\u0165 u\u017e nem\u00f4\u017ee zaru\u010di\u0165 1 USD peg pre FRAX. Na zmiernenie tohto rizika FRAX pou\u017e\u00edva algoritmus na rozhodovanie o v\u00fdmennom kurze medzi kryptografick\u00fdmi kolater\u00e1lmi a FRAX. FRAX je teda poloalgoritmick\u00fd coin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Z\u00e1vislos\u0165 spolo\u010dnosti FRAX od spolo\u010dnosti FXS je v\u0161ak \u010fal\u0161\u00edm slab\u00fdm miestom. Ak si napr\u00edklad k\u00fapite 1 FRAX tak, \u017ee uzamknete 0,50 USD v hodnote USDC a 0,50 USD v hodnote FXS, hodnota v\u00e1\u0161ho akt\u00edva je viazan\u00e1 na hodnotu USDC aj FXS. V ide\u00e1lnom pr\u00edpade by hodnota FXS mala st\u00fapa\u0165, ke\u010f FRAX z\u00edskava na popularite, ale v minulosti to bolo naopak.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In\u00fdmi slovami, na rozdiel od USDC je FRAX nedostato\u010dne kolateralizovan\u00fd. To znamen\u00e1, \u017ee rezervy, ktor\u00e9 kryj\u00fa FRAX, nesta\u010dia na \u00fapln\u00e9 zabezpe\u010denie cenovej stability FRAX.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Main_Use_Cases_of_USDC_and_FRAX\"><\/span><span style=\"font-weight: 400;\">Ak\u00e9 s\u00fa hlavn\u00e9 pr\u00edpady pou\u017eitia USDC a FRAX?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Jedn\u00fdm z hlavn\u00fdch pr\u00edpadov pou\u017eitia stablecoins s\u00fa okam\u017eit\u00e9 prevody hodn\u00f4t: Tis\u00edce dol\u00e1rov m\u00f4\u017eete posla\u0165 komuko\u013evek na svete jednoducho tak, \u017ee si k\u00fapite USDC a po\u0161lete ho na jeho \u00fa\u010det. Posielanie USDC je ove\u013ea r\u00fdchlej\u0161ie ako prevod pe\u0148az\u00ed, najm\u00e4 ak vykon\u00e1vate cezhrani\u010dn\u00e9 transakcie.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ako druh\u00fd najv\u00e4\u010d\u0161\u00ed stabiln\u00fd coin na svete m\u00e1 USDC aj nieko\u013eko \u010fal\u0161\u00edch mo\u017enost\u00ed pou\u017eitia: Mnoh\u00e9 kryptografick\u00e9 burzy prev\u00e1dzkuj\u00fa trhy s USDC pre r\u00f4zne in\u00e9 coins, pri\u010dom ceny coin denominuj\u00fa v USDC. <\/span><b>To znamen\u00e1, \u017ee s USDC m\u00f4\u017eete obchodova\u0165 s v\u00e4\u010d\u0161inou ostatn\u00fdch kryptomien.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u010eal\u0161ou v\u00fdhodou USDC je jeho u\u017eito\u010dnos\u0165 ako investi\u010dn\u00e9ho produktu DeFi. <\/span><b>Svoj USDC m\u00f4\u017eete uzamkn\u00fa\u0165 v DeFi pooloch a z\u00edska\u0165 tak pas\u00edvny pr\u00edjem z va\u0161ich prostriedkov.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">FRAX nie je v t\u00fdchto aspektoch tak u\u017eito\u010dn\u00fd ako USDC. S fondom FRAX je podstatne \u0165a\u017e\u0161ie previes\u0165 hodnotu vzh\u013eadom na jeho mal\u00fa trhov\u00fa kapitaliz\u00e1ciu a nedostato\u010dn\u00fa kolateraliz\u00e1ciu. V\u00e4\u010d\u0161ina kryptografick\u00fdch b\u00farz tie\u017e neprev\u00e1dzkuje trhy FRAX\/USD.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Popularita FRAX-u v\u0161ak v roku 2023 mierne vzr\u00e1stla, ke\u010f\u017ee emitent pon\u00faka nieko\u013eko slu\u017eieb vr\u00e1tane st\u00e1vkovania a po\u017ei\u010diavania akt\u00edv. Jednou z najob\u013e\u00fabenej\u0161\u00edch slu\u017eieb, ktor\u00e9 pon\u00fakaj\u00fa, je ich <\/span><a href=\"https:\/\/docs.frax.finance\/frax-ether\/overview\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Frax Ether<\/span><\/a><span style=\"font-weight: 400;\"> pool, kde m\u00f4\u017eu pou\u017e\u00edvatelia z\u00edska\u0165 \u00farok 6-10% z ich <a href=\"https:\/\/coinkickoff.com\/sk\/ethereum-eth\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"\u010co je Ethereum (ETH)? Cena, hist\u00f3ria a kde k\u00fapi\u0165\">Ethereum<\/a> vklady.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"USDC_and_FRAX_Price_History\"><\/span><span style=\"font-weight: 400;\">USDC a FRAX Hist\u00f3ria cien<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"USDC_Price_History\"><\/span><span style=\"font-weight: 400;\">USDC Cenov\u00e1 hist\u00f3ria<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3761 size-full\" src=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.24-PM-e1685527934221.png\" alt=\"\" width=\"637\" height=\"522\" srcset=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.24-PM-e1685527934221.png 637w, https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.24-PM-e1685527934221-300x246.png 300w, https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.24-PM-e1685527934221-15x12.png 15w\" sizes=\"auto, (max-width: 637px) 100vw, 637px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Ako vid\u00edte, 1 USDC m\u00e1 hodnotu $1. V roku 2023 v\u0161ak USDC nakr\u00e1tko prelomil svoju viazanos\u0165 v d\u00f4sledku spr\u00e1vy o bankrote banky Silvergate. Cena USDC sa r\u00fdchlo zotavila po ozn\u00e1men\u00ed, \u017ee krytie FDIC banky bude roz\u0161\u00edren\u00e9 na ochranu rezerv USDC.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"FRAX_Price_History\"><\/span><span style=\"font-weight: 400;\">Hist\u00f3ria cien FRAX<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2929 size-full\" src=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/frax-price-history.png\" alt=\"Hist\u00f3ria cien frax\" width=\"977\" height=\"633\" srcset=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/frax-price-history.png 977w, https:\/\/coinkickoff.com\/wp-content\/uploads\/frax-price-history-300x194.png 300w, https:\/\/coinkickoff.com\/wp-content\/uploads\/frax-price-history-768x498.png 768w, https:\/\/coinkickoff.com\/wp-content\/uploads\/frax-price-history-18x12.png 18w\" sizes=\"auto, (max-width: 977px) 100vw, 977px\" \/><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Frax m\u00e1 hodnotu pribli\u017ene 1 USD, aj ke\u010f boli obdobia, ke\u010f sa cena pohybovala hore a dole. Kol\u00edsanie ceny mo\u017eno prip\u00edsa\u0165 n\u00e1hlemu zv\u00fd\u0161eniu alebo poklesu dopytu.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"USDC_and_FRAX_Market_Cap\"><\/span><span style=\"font-weight: 400;\">USDC a FRAX Trhov\u00e1 kapitaliz\u00e1cia<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"USDC_Market_Cap\"><\/span><span style=\"font-weight: 400;\">USDC Trhov\u00e1 kapitaliz\u00e1cia<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3760 size-full\" src=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.47-PM-e1685527982119.png\" alt=\"\" width=\"644\" height=\"590\" srcset=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.47-PM-e1685527982119.png 644w, https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.47-PM-e1685527982119-300x275.png 300w, https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.09.47-PM-e1685527982119-13x12.png 13w\" sizes=\"auto, (max-width: 644px) 100vw, 644px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">USDC v prvom \u0161tvr\u0165roku 2023 stratil ur\u010dit\u00fd podiel na trhu, pravdepodobne v d\u00f4sledku spr\u00e1v o bankrote spolo\u010dnosti Silvergate. Napriek strat\u00e1m v\u0161ak toto akt\u00edvum st\u00e1le zost\u00e1va druh\u00fdm najob\u013e\u00fabenej\u0161\u00edm stabiln\u00fdmcoin na trhu.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Existuj\u00fa<\/span><b> pribli\u017ene 29 mili\u00e1rd USDC token <\/b><a href=\"https:\/\/coinmarketcap.com\/currencies\/tether\/\" target=\"_blank\" rel=\"noopener\"><b>v obehu<\/b><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pre USDC nie je prednastaven\u00e1 horn\u00e1 hranica. Kruh a pridru\u017een\u00e9 organiz\u00e1cie so spr\u00e1vnym poveren\u00edm m\u00f4\u017eu vy\u0165a\u017ei\u0165 viac USDC token, pokia\u013e je po nich dopyt. Ke\u010f dopyt klesne a \u013eudia predaj\u00fa USDC za USD alebo in\u00e9 token, prebyto\u010dn\u00e9 USDC token sa sp\u00e1lia.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">USDC sa vyd\u00e1va na Ethereum, <a href=\"https:\/\/coinkickoff.com\/sk\/stellar-xlm\/\" data-internallinksmanager029f6b8e52c=\"33\" title=\"\u010co je Stellar (XLM), ako funguje a kde ho k\u00fapi\u0165?\">Hviezdne<\/a>, <a href=\"https:\/\/coinkickoff.com\/sk\/solana-sol\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"\u010co je Solana (SOL)? Ako funguje a kde ho k\u00fapi\u0165?\">Solana<\/a>a <a href=\"https:\/\/coinkickoff.com\/sk\/algorand-algo\/\" data-internallinksmanager029f6b8e52c=\"182\" title=\"\u010co je Algorand (ALGO)? Cena, hist\u00f3ria a kde k\u00fapi\u0165\">Algorand<\/a> blockchains a m\u00f4\u017eete tie\u017e z\u00edska\u0165 pr\u00edstup <a href=\"https:\/\/coinkickoff.com\/sk\/tron-trx\/\" data-internallinksmanager029f6b8e52c=\"27\" title=\"\u010co je Tron (TRX), ako funguje a kde ho k\u00fapi\u0165?\">TRON<\/a> USDC v sieti Tron.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"FRAX_Market_Cap\"><\/span><span style=\"font-weight: 400;\">FRAX Trhov\u00e1 kapitaliz\u00e1cia<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3766 size-full\" src=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.44.24-PM-e1685529918938.png\" alt=\"\" width=\"723\" height=\"540\" srcset=\"https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.44.24-PM-e1685529918938.png 723w, https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.44.24-PM-e1685529918938-300x224.png 300w, https:\/\/coinkickoff.com\/wp-content\/uploads\/Screen-Shot-2023-05-31-at-1.44.24-PM-e1685529918938-16x12.png 16w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/p>\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/usd-coin\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FRAX<\/span><\/a><span style=\"font-weight: 400;\">, kedysi jeden z najlep\u0161\u00edch stablecoins v obehu, stratil svoju popularitu po p\u00e1de <a href=\"https:\/\/coinkickoff.com\/sk\/terra-luna\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"\u010co bolo Terra (LUNA)? Ako fungoval?\">Terra<\/a> <a href=\"https:\/\/coinkickoff.com\/sk\/terrausd-ust\/\" data-internallinksmanager029f6b8e52c=\"15\" title=\"\u010co bolo TerraUSD (UST)? Ako fungoval?\">UST<\/a>. Ako \u010diasto\u010dne algoritmick\u00fd coin podporen\u00fd USDC sa pova\u017euje za menej u\u017eito\u010dn\u00fd a spo\u013eahliv\u00fd v porovnan\u00ed s in\u00fdmi mo\u017enos\u0165ami na trhu.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Na trhu je pribli\u017ene 1 miliarda FRAX. Trhov\u00e1 kapitaliz\u00e1cia je v porovnan\u00ed s USDC pomerne mal\u00e1. Aby sme boli spravodliv\u00ed, len ve\u013emi m\u00e1lo \u013eud\u00ed sa niekedy odklonilo od USDT, USDC a <a href=\"https:\/\/coinkickoff.com\/sk\/binance-usd-busd\/\" data-internallinksmanager029f6b8e52c=\"13\" title=\"\u010co je Binance USD (BUSD)? Cena, hist\u00f3ria a kde k\u00fapi\u0165\">BUSD<\/a> pokia\u013e ide o stablecoins, tak\u017ee n\u00edzka popularita Fraxu nie je nenorm\u00e1lna.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Podobne ako v pr\u00edpade in\u00fdch stabiln\u00fdchcoins, ani pre FRAX nie je stanoven\u00fd \u017eiadny limit. Viac FRAX m\u00f4\u017eete vy\u0165a\u017ei\u0165 uzamknut\u00edm kolater\u00e1lov v inteligentn\u00fdch kontraktoch. Na razenie FRAX mus\u00edte uzamkn\u00fa\u0165 FXS token spolu s inou akceptovanou kryptomenou (v\u00e4\u010d\u0161inou USDC).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FRAX nem\u00e1 vlastn\u00fd blockchain a je vyd\u00e1van\u00fd na Ethereum.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"USDC_vs_FRAX_Main_Similarities\"><\/span><span style=\"font-weight: 400;\">USDC vs FRAX: <\/span><span style=\"font-weight: 400;\">Hlavn\u00e9 podobnosti\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Hlavnou podobnos\u0165ou medzi USDC a FRAX je, \u017ee obidva s\u00fa stabiln\u00e9coins viazan\u00e9 na USD. Tu je nieko\u013eko \u010fal\u0161\u00edch sp\u00f4sobov, ktor\u00fdmi s\u00fa si podobn\u00e9.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"DeFi_Rewards\"><\/span><span style=\"font-weight: 400;\">Odmeny DeFi\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Stablecoins s\u00fa ob\u013e\u00faben\u00e9 akt\u00edva DeFi, ale hoci s\u00fa USDC aj FRAX pomerne popul\u00e1rne, je tu d\u00f4le\u017eit\u00fd rozdiel z h\u013eadiska ich trhov\u00e9ho dosahu: Zatia\u013e \u010do USDC m\u00f4\u017eete pou\u017e\u00edva\u0165 takmer vo v\u0161etk\u00fdch protokoloch DeFi, FRAX pon\u00faka ove\u013ea menej pr\u00edle\u017eitost\u00ed na z\u00edskanie pas\u00edvneho pr\u00edjmu.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jednoducho povedan\u00e9, vo v\u00e4\u010d\u0161ine baz\u00e9nov si m\u00f4\u017eete USDC zamkn\u00fa\u0165 za slu\u0161n\u00fd v\u00fdnos. Frax v\u00e1m umo\u017e\u0148uje vlo\u017ei\u0165 Ether v\u00fdmenou za frxEther, ktor\u00fd m\u00f4\u017eete vlo\u017ei\u0165 do vlastn\u00e9ho Frax tdrxEther v poole za zisk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pokia\u013e ide o odmeny DeFi, m\u00f4\u017eeme poveda\u0165, \u017ee FRAX jednoducho nem\u00e1 rovnak\u00fd dopyt ako USDC.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Centralization\"><\/span><span style=\"font-weight: 400;\">Centraliz\u00e1cia\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Mo\u017eno v\u00e1s to prekvap\u00ed, ale napriek svojmu ozna\u010deniu ako \"decentralizovan\u00e1 auton\u00f3mna organiz\u00e1cia\" nie je Frax Finance v skuto\u010dnosti ve\u013emi decentralizovan\u00fd a v skuto\u010dnosti ho mo\u017eno pova\u017eova\u0165 za centralizovan\u00fd projekt, podobne ako USDC. Pre\u010do?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No, je tu nieko\u013eko d\u00f4vodov. Ako mnoh\u00ed z v\u00e1s vedia, ke\u010f je kryptografick\u00fd projekt centralizovan\u00fd, znamen\u00e1 to, \u017ee o coin a jeho bud\u00facnosti rozhoduje nieko\u013eko \u013eud\u00ed. Napr\u00edklad emitent USDC, konzorcium Circle, je centralizovan\u00e1 organiz\u00e1cia s r\u00f4znymi zainteresovan\u00fdmi stranami. V porovnan\u00ed s ostatn\u00fdmi coins je trochu decentralizovanej\u0161\u00ed, ale st\u00e1le m\u00e1 \u010faleko od auton\u00f3mneho, komunitou riaden\u00e9ho projektu.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Spolo\u010dnos\u0165 Frax Finance, \u010do nie je prekvapuj\u00face, tie\u017e ovl\u00e1da nieko\u013eko \u013eud\u00ed. Spr\u00e1vcovia FRAX maj\u00fa privilegovan\u00fd pr\u00edstup k protokolu a <\/span><a href=\"https:\/\/code4rena.com\/reports\/2022-09-frax\/#h-02-frontrunning-by-malicious-validator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">bezpe\u010dnostn\u00fd audit<\/span><\/a><span style=\"font-weight: 400;\"> v roku 2022 odhalil nieko\u013eko ch\u00fdb v protokole projektu, ktor\u00e9 nie s\u00fa kompatibiln\u00e9 s decentralizovanou podobou FRAX-u.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zistilo sa, \u017ee spr\u00e1vcovia m\u00f4\u017eu vymenova\u0165 vybran\u00fdch overovate\u013eov, ktor\u00ed na opl\u00e1tku m\u00f4\u017eu vyu\u017e\u00edva\u0165 sie\u0165 vo svoj prospech. T\u00edto spr\u00e1vcovia m\u00f4\u017eu mincova\u0165 neobmedzen\u00fd po\u010det frxETH, ak by chceli.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"USDC_vs_FRAX_Main_Differences\"><\/span><span style=\"font-weight: 400;\">USDC vs FRAX: <\/span><span style=\"font-weight: 400;\">Hlavn\u00e9 rozdiely\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Obaja stablecoins s\u013eubuj\u00fa z\u00e1ruku ceny: FRAX a USDC by mali v\u017edy st\u00e1\u0165 1 USD. Na splnenie tohto s\u013eubu v\u0161ak maj\u00fa r\u00f4zne met\u00f3dy.<\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Collaterals\"><\/span><span style=\"font-weight: 400;\">Kolater\u00e1ly<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">USDC a Frax pou\u017e\u00edvaj\u00fa r\u00f4zne druhy kolater\u00e1lov, aby zaru\u010dili svoje v\u00e4zby na USD.\u00a0<\/span><\/p>\n<p><b>USDC je plne zabezpe\u010den\u00fdm akt\u00edvom. Je kryt\u00fd hotovos\u0165ou a jej ekvivalentmi, tak\u017ee ka\u017ed\u00fd USDC v obehu mo\u017eno vymeni\u0165 za dol\u00e1r.<\/b><\/p>\n<p><b>Na druhej strane FRAX je nedostato\u010dne kolateralizovan\u00fd s USDC. Tak\u017ee m\u00f4\u017eete z\u00edska\u0165 polovicu USDC za ka\u017ed\u00fd FRAX, ktor\u00fd m\u00e1te, plus nejak\u00e9 FXS.<\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Reserves\"><\/span><span style=\"font-weight: 400;\">Rezervy<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">U\u017e na za\u010diatku sme zd\u00f4raz\u0148ovali, \u017ee je d\u00f4le\u017eit\u00e9, aby bol stabiln\u00fdcoins kryt\u00fd jedna k jednej akt\u00edvami podobn\u00fdmi hotovosti, aby sa predi\u0161lo de-peggingu.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ke\u010f\u017ee USDC je kryt\u00fd hotovos\u0165ou a pe\u0148a\u017en\u00fdmi ekvivalentmi, rezervy USDC s\u00fa ulo\u017een\u00e9 v bank\u00e1ch. To je vo v\u0161eobecnosti bezpe\u010dnej\u0161ia mo\u017enos\u0165 v porovnan\u00ed s in\u00fdmi mo\u017enos\u0165ami rezerv, ako s\u00fa krypto rezervy, preto\u017ee kr\u00e1de\u017e a strata kryptomien s\u00fa be\u017enej\u0161ie ako strata pe\u0148az\u00ed v banke.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aj banky v\u0161ak m\u00f4\u017eu zlyha\u0165. Presne to sa stalo USDC banke Silvergate, pri\u010dom projekt takmer stratil 3,3 miliardy USD po tom, ako banka vyhl\u00e1sila bankrot.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">K\u013e\u00fa\u010dov\u00fdm slovom je v\u0161ak <\/span><b>takmer<\/b><span style=\"font-weight: 400;\">. Circle sa podarilo obnovi\u0165 svoje rezervy USDC v\u010faka z\u00e1sahu vl\u00e1dy, ktor\u00e1 roz\u0161\u00edrila krytie FDIC nad vopred stanoven\u00fd limit 250 000 USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Samozrejme, to, \u010do vieme o rezerv\u00e1ch USDC, je v podstate \u00faplne obmedzen\u00e9 na to, \u010do hovor\u00ed Circle. Bez nez\u00e1visl\u00e9ho auditu si nie je mo\u017en\u00e9 by\u0165 100% ist\u00fd finan\u010dn\u00fdm z\u00e1zem\u00edm spolo\u010dnosti USDC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Na druhej strane FRAX je kryt\u00fd USDC, ale ke\u010f\u017ee je algoritmick\u00fd a nedostato\u010dne kolateralizovan\u00fd, nie je ani plne kryt\u00fd. Jej jedinou v\u00fdhodou oproti USDC je, \u017ee m\u00f4\u017eete sledova\u0165 rezervy FRAX-u USDC, \u010do technicky prid\u00e1va FRAX-u trochu viac transparentnosti.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vzh\u013eadom na to, \u010do vieme o tom, ako centralizovan\u00fd m\u00f4\u017ee by\u0165 FRAX, m\u00f4\u017ee by\u0165 transparentnos\u0165 il\u00faziou. Ke\u010f\u017ee administr\u00e1tori maj\u00fa v sieti Frax Finance \u0161peci\u00e1lne privil\u00e9gi\u00e1, m\u00f4\u017eu manipulova\u0165 aj so smart kontraktmi.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_Capitalization\"><\/span><span style=\"font-weight: 400;\">Trhov\u00e1 kapitaliz\u00e1cia<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Pam\u00e4t\u00e1te si, ako sme hovorili, \u017ee USDC m\u00e1 nieko\u013eko pr\u00edpadov pou\u017eitia? Nu\u017e, je to preto, \u017ee USDC je vysoko likvidn\u00fd coin s obrovskou trhovou kapitaliz\u00e1ciou. V podstate je USDC u\u017eito\u010dn\u00fd, preto\u017ee ho ako nosi\u010d hodnoty pou\u017e\u00edva ve\u013ea \u010fal\u0161\u00edch \u013eud\u00ed. Koniec koncov, je to druh\u00fd najv\u00e4\u010d\u0161\u00ed stabiln\u00fdcoin na svete.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Na druhej strane je FRAX ve\u013emi malou rybou v skupine stabiln\u00fdch coin. Neprekon\u00e1va prv\u00fa desiatku v dosahu trhu, nehovoriac o tom, \u017ee by sa pribl\u00ed\u017eil k USDC.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Treba poveda\u0165, \u017ee FRAX je nov\u0161\u00edm pr\u00edrastkom do sveta stablecoin. USDC vst\u00fapil na trh dva roky pred FRAX, tak\u017ee m\u00e1 \u010dasov\u00fa v\u00fdhodu. Krach Terra UST mohol tie\u017e zmen\u0161i\u0165 trhov\u00fd dosah FRAX-u, preto\u017ee \u013eudia sa po jeho kolos\u00e1lnom ne\u00faspechu za\u010dali l\u00ed\u0161i\u0165 od algoritmick\u00e9ho coins.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Associated_With_USDC_and_FRAX\"><\/span><span style=\"font-weight: 400;\">Rizik\u00e1 spojen\u00e9 s USDC a FRAX\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Risk_of_Depegging\"><\/span><span style=\"font-weight: 400;\">Riziko odl\u00fa\u010denia<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Ke\u010f sa stabiln\u00fdcoin naviazan\u00fd na USD de-peguje, bu\u010f klesne pod svoju garantovan\u00fa cenu 1 USD, alebo st\u00fapne nad \u0148u.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zatia\u013e \u010do mierne cenov\u00e9 v\u00fdkyvy sa pova\u017euj\u00fa za norm\u00e1lne v d\u00f4sledku n\u00e1hleho n\u00e1rastu a poklesu dopytu po stabiln\u00fdch coin, zn\u00ed\u017eenie dopytu je v\u00fdznamnej\u0161ia udalos\u0165. De-peg znamen\u00e1 ve\u013ek\u00fa zmenu ceny a stabiliz\u00e1cia ceny bu\u010f trv\u00e1 ur\u010dit\u00fd \u010das, alebo k nej nikdy ned\u00f4jde.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ak sa stabiln\u00fd coin de-pegs a \u0161pir\u00e1lovito kles\u00e1, coin sa st\u00e1va takmer bezcenn\u00fdm. Preto de-pegging predstavuje pre stablecoins v\u00e1\u017ene riziko.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pri stabiln\u00fdch akt\u00edvach coin v\u017edy existuje ur\u010dit\u00e9 riziko de-peggingu, hoci pri USDC a FRAX sa toto riziko vyskytuje trochu inak.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">USDC by mohol zru\u0161i\u0165 svoj z\u00e1v\u00e4zok z d\u00f4vodu n\u00e1hlej straty rezerv, \u010do sa stalo v prvom \u0161tvr\u0165roku 2023, ke\u010f sa na verejnos\u0165 dostali spr\u00e1vy o bankrote spolo\u010dnosti Silvergate. Udalos\u0165 odpojenia od trhu trvala kr\u00e1tko, ale aj tak st\u00e1la spolo\u010dnos\u0165 USDC pomerne ve\u013ek\u00fa \u010das\u0165 jej trhov\u00e9ho podielu.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ak sa USDC nadobro zru\u0161\u00ed, bude to ma\u0165 vplyv aj na FRAX, preto\u017ee rezervy FRAX s\u00fa tvoren\u00e9 USDC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Na druhej strane, FRAX by sa tie\u017e mohol zr\u00fati\u0165 alebo de-pegova\u0165 kv\u00f4li svojej poloalgoritmickej \u0161trukt\u00fare. Ak sa FXS token (Frax finance token) ocitne na dne, m\u00f4\u017ee to vyvola\u0165 de-peg reakciu pre toto akt\u00edvum.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Legal_and_Financial_Risks\"><\/span><span style=\"font-weight: 400;\">Pr\u00e1vne a finan\u010dn\u00e9 rizik\u00e1<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Stablecoins plnia v kryptografickom prostred\u00ed jedine\u010dn\u00fa \u00falohu: prep\u00e1jaj\u00fa tradi\u010dn\u00fa ekonomiku a peniaze s kryptoekonomikou. To v\u0161ak z\u00e1rove\u0148 znamen\u00e1, \u017ee musia tancova\u0165 okolo r\u00f4znych pr\u00e1vnych obmedzen\u00ed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prostredn\u00edctvom slu\u017eby stablecoins m\u00f4\u017eete napr\u00edklad r\u00fdchlo previes\u0165 ve\u013ek\u00e9 sumy pe\u0148az\u00ed bez byrokracie a bankov\u00fdch liniek, ale z\u00e1rove\u0148 m\u00f4\u017eete toto privil\u00e9gium vyu\u017ei\u0165 na mno\u017estvo neleg\u00e1lnych transakci\u00ed vr\u00e1tane poru\u0161ovania medzin\u00e1rodn\u00fdch sankci\u00ed, prania \u0161pinav\u00fdch pe\u0148az\u00ed a financovania zlo\u010dinu a terorizmu. Nie je prekvapen\u00edm, \u017ee tieto skuto\u010dnosti nie s\u00fa pre regula\u010dn\u00e9 org\u00e1ny priazniv\u00e9.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Najnov\u0161ie americk\u00e9 org\u00e1ny uk\u00e1zali svoju neochotu tolerova\u0165 nez\u00e1konn\u00e9 konanie s\u00favisiace so stablecoin t\u00fdm, \u017ee <\/span><a href=\"https:\/\/www.cnbc.com\/2022\/08\/08\/crypto-mixing-service-tornado-cash-blacklisted-by-treasury-department-.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tmav\u00fd zoznam nieko\u013ek\u00fdch pe\u0148a\u017eeniek prepojen\u00fdch s Tornado Cash<\/span><\/a><span style=\"font-weight: 400;\">, slu\u017eba coin-tumbling pou\u017e\u00edvan\u00e1 na skr\u00fdvanie digit\u00e1lnej stopy \u0161ifrovania. Na \u010diernu listinu bolo zaraden\u00fdch pribli\u017ene 38 pe\u0148a\u017eeniek s\u00favisiacich s Tornado Cash s viac ako 75 000 USDC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To je pr\u00edkladom pr\u00e1vnych a finan\u010dn\u00fdch riz\u00edk, ktor\u00e9 s\u00fa spojen\u00e9 s kryptomenami, a najm\u00e4 s USDC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Na druhej strane FRAX je ohrozen\u00fd kv\u00f4li svojej poloalgoritmickej \u0161trukt\u00fare. Regula\u010dn\u00e9 org\u00e1ny hovorili o \u00faplnom z\u00e1kaze algoritmick\u00e9ho coins a FRAX sa pohybuje na hranici medzi algoritmick\u00fdm a stabiln\u00fdmcoins zalo\u017een\u00fdm na kolater\u00e1li.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hor\u0161ie je, \u017ee ak by USDC stratil svoju hodnotu z niektor\u00e9ho z vy\u0161\u0161ie uveden\u00fdch d\u00f4vodov, FRAX by ho \u010doskoro nasledoval, preto\u017ee je z\u00e1visl\u00fd od USDC, ktor\u00fd zaru\u010duje cenov\u00fa stabilitu.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Where_Can_You_Buy_USDC_and_FRAX\"><\/span><span style=\"font-weight: 400;\">Kde si m\u00f4\u017eete k\u00fapi\u0165 USDC a FRAX?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">USDC a FRAX si m\u00f4\u017eete k\u00fapi\u0165 na v\u00e4\u010d\u0161ine b\u00farz kryptomien. Centralizovan\u00e9 burzy umo\u017e\u0148uj\u00fa n\u00e1kup USDC (a niekedy aj FRAX) za hotovos\u0165. Tieto akt\u00edva m\u00f4\u017eete n\u00e1js\u0165 aj na decentralizovan\u00fdch burz\u00e1ch, ako napr. <a href=\"https:\/\/coinkickoff.com\/sk\/uniswap-uni\/\" data-internallinksmanager029f6b8e52c=\"34\" title=\"\u010co je Uniswap (UNI), ako funguje a kde ho k\u00fapi\u0165?\">Uniswap<\/a> alebo <\/span><a href=\"https:\/\/changelly.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Changelly<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ke\u010f\u017ee v\u00e4\u010d\u0161ina kryptografick\u00fdch b\u00farz prev\u00e1dzkuje svoje vlastn\u00e9 kryptografick\u00e9 trhy, niektor\u00e9 m\u00f4\u017eu ma\u0165 v\u00e4\u010d\u0161iu likviditu, pokia\u013e ide o tieto akt\u00edva. M\u00f4\u017eete sa dozvedie\u0165, ktor\u00e1 burza m\u00e1 najv\u00e4\u010d\u0161\u00ed obchodn\u00fd trh USDC alebo FRAX, ak si pozriete ich trhov\u00e9 \u00fadaje na <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/frax\/#Markets\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Coinmarketcap.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Can_You_Exchange_USDC_for_FRAX\"><\/span><span style=\"font-weight: 400;\">Ako m\u00f4\u017eete vymeni\u0165 USDC za FRAX?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">FRAX si m\u00f4\u017eete k\u00fapi\u0165 na ktorejko\u013evek burze, kde je k\u00f3tovan\u00fd. Sta\u010d\u00ed, ak nav\u0161t\u00edvite svoju ob\u013e\u00faben\u00fa burzu a vyh\u013ead\u00e1te p\u00e1rovanie USDC\/FRAX. Pokia\u013e burza uv\u00e1dza p\u00e1rovanie USDC\/FRAX, nebudete ma\u0165 probl\u00e9my.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Spolo\u010dnosti Uniswap, Curve a Solidly pon\u00fakaj\u00fa najv\u00e4\u010d\u0161ie trhy s USDC\/FRAX. <a href=\"https:\/\/coinkickoff.com\/sk\/gateio-review\/\" data-internallinksmanager029f6b8e52c=\"155\" title=\"Recenzie Gate.io 2023: Poplatky, funkcie, bezpe\u010dnos\u0165, v\u00fdhody a nev\u00fdhody\">Gate.io<\/a> je centralizovan\u00e1 burza, na ktorej m\u00f4\u017eete vymeni\u0165 USDC za Frax.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Future_Plans_for_USDC_and_FRAX\"><\/span><span style=\"font-weight: 400;\">Bud\u00face pl\u00e1ny pre USDC a FRAX<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Sam Kazemian, zakladate\u013e spolo\u010dnosti Frax Finance, v roku 2023 ozn\u00e1mil, \u017ee zva\u017euje vybudovanie <\/span><a href=\"https:\/\/thedefiant.io\/frax-compliant-stablecoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u00faplne v s\u00falade s predpismi stabiln\u00fdcoin<\/span><\/a><span style=\"font-weight: 400;\">. Ke\u010f\u017ee algoritmick\u00e9 coins s\u00fa v hor\u00facej vode s regula\u010dn\u00fdmi org\u00e1nmi, Kazemianov pl\u00e1n vy\u017eaduje akt\u00edvum s pln\u00fdm zabezpe\u010den\u00edm.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zatia\u013e v\u0161ak nie je ist\u00e9, ako do tohto syst\u00e9mu zapad\u00e1 FRAX. Ak bude Frax v USA zak\u00e1zan\u00fd kv\u00f4li svojej poloalgoritmickej \u0161trukt\u00fare, bude pre coin \u0165a\u017ek\u00e9 ochr\u00e1ni\u0165 svoj kol\u00edk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aby toho nebolo m\u00e1lo, americk\u00e9 org\u00e1ny tvrdo postihuj\u00fa aj slu\u017eby \"st\u00e1vkovania\" poskytovan\u00e9 centralizovan\u00fdmi burzami a zdru\u017eeniami. FRAX sa te\u0161\u00ed n\u00e1rastu popularity po tom, \u010do spustil svoju <\/span><a href=\"https:\/\/defillama.com\/protocol\/fraxlend\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">fond likvidity<\/span><\/a><span style=\"font-weight: 400;\"> v okt\u00f3bri 2022, ale ak regula\u010dn\u00e9 org\u00e1ny za\u010dn\u00fa st\u00edha\u0165 DeFi a st\u00e1vkovanie deriv\u00e1tov, aj to by mohlo by\u0165 kr\u00e1tkodob\u00e9.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Na druhej strane sa zd\u00e1, \u017ee spolo\u010dnos\u0165 USDC je unaven\u00e1 neochotou be\u017en\u00fdch b\u00e1nk spolupracova\u0165 s kryptografick\u00fdmi spolo\u010dnos\u0165ami. Finan\u010dn\u00fd riadite\u013e spolo\u010dnosti Circle navrhol, \u017ee najlep\u0161\u00edm sp\u00f4sobom, ako zaisti\u0165 bezpe\u010dnos\u0165 rezerv USDC, je <\/span><a href=\"https:\/\/beincrypto.com\/circle-calls-holding-usdc-reserve-federal-reserve\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ulo\u017ei\u0165 ich do Feder\u00e1lnych rezerv.<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>USDC vs FRAX Na papieri s\u00fa si USDC a FRAX dos\u0165 podobn\u00e9: s\u00fa stabiln\u00e9coins naviazan\u00e9 na americk\u00fd dol\u00e1r. Maj\u00fa v\u0161ak d\u00f4le\u017eit\u00e9 rozdiely, o ktor\u00fdch by ste mali vedie\u0165 sk\u00f4r, ako si niektor\u00fd z nich coin k\u00fapite. V tomto \u010dl\u00e1nku porovn\u00e1vame USDC a Frax, aby sme v\u00e1m pomohli pochopi\u0165 rizik\u00e1 a v\u00fdhody investovania do t\u00fdchto stabiln\u00fdchcoins. Bez [...]<\/p>","protected":false},"author":3,"featured_media":135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"footnotes":""},"categories":[4,9],"tags":[],"class_list":{"0":"post-3765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-coins","8":"category-comparisons","9":"entry"},"featured_image_src":"https:\/\/coinkickoff.com\/wp-content\/uploads\/2022\/06\/USD-Coin-USDC-600x400.png","featured_image_src_square":"https:\/\/coinkickoff.com\/wp-content\/uploads\/2022\/06\/USD-Coin-USDC-600x600.png","author_info":{"display_name":"Ian Wright","author_link":"https:\/\/coinkickoff.com\/sk\/author\/ianw\/"},"_links":{"self":[{"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/posts\/3765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/comments?post=3765"}],"version-history":[{"count":2,"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/posts\/3765\/revisions"}],"predecessor-version":[{"id":3768,"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/posts\/3765\/revisions\/3768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/media\/135"}],"wp:attachment":[{"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/media?parent=3765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/categories?post=3765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinkickoff.com\/sk\/wp-json\/wp\/v2\/tags?post=3765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}