Aave V4 Raises frxUSD Caps for Second Consecutive Week
Aave V4 Raises frxUSD Caps for Second Consecutive Week
🔓 Aave raises caps again
Aave has increased frxUSD supply caps on its V4 platform for the second week running, continuing its measured rollout approach.
Key developments:
- Cap increases reflect Aave's security-first deployment strategy
- frxUSD positioned to scale alongside V4's expansion
- Best-in-class incentives for frxUSD deposits launching soon
The gradual cap raises demonstrate Aave's cautious approach to integrating new assets while maintaining protocol security. Users can deposit frxUSD on Aave V4.
5/ When the most secure, capital-efficient lending platform meets the most secure, capital-efficient stablecoin, it’s a powerful match for DeFi’s next phase. frxUSD is a default asset on Aave V4. It’s growing fast and will continue to grow as we build the future where DeFi wins.
Aave became the largest and most trusted lending protocol in DeFi by putting security first. V4 is no different. As caps rise and new use cases go live, frxUSD will help drive growth by forwarding underlying yield to @aave users. As V4 grows, frxUSD is ready to grow with it 🤝
Weekly reminder that @aave V4 is still in its security-first growth phase. There’s no rush to get to $1 billion deposits and many of the new use cases made possible by V4 aren’t live (yet). It took a year or more for the V2 to V3 migration, so these things take time.
DeFi will win. Aave will win. Frax will win. frxUSD is live as a day one stablecoin on Aave V4 as we continue bringing the world’s financial system on-chain.
Aave V4 is now live on @ethereum.
For the second week in a row, @aave has raised frxUSD caps on V4 as part of its security-first launch strategy. As Aave V4 expands, frxUSD is ready to grow with it. Get started: pro.aave.com/explore/asset/…
Even on the weekend, DeFi keeps shipping. @aave has raised frxUSD caps on V4 as part of its security-first launch strategy. As Aave V4 expands, frxUSD is ready to grow with it. Best-in-class frxUSD incentives start flowing soon. DeFi will win. Deposit: pro.aave.com/explore/asset/…
The fastest-growing stablecoin on @aave V4 is frxUSD 📈 The most secure, capital-efficient lending platform meets the most secure, capital-efficient stablecoin. A great match for the future of productive DeFi.
Frax Resumes Cross-Chain Transfers After LayerZero Security Review
Frax has resumed cross-chain transfers after confirming the safety of its security setup following a LayerZero review. **Key Points:** - Cross-chain transfers are now operational after a temporary pause - LayerZero provided a root cause analysis that confirmed Frax's 3/3 DVN (Decentralized Verifier Network) setup remains secure - Frax assets stayed protected throughout the precautionary pause - The protocol maintains a 5+ year track record of secure operations **Background:** Frax paused cross-chain transfers as a precautionary measure while LayerZero conducted a security review following an rsETH exploit that did not affect Frax. The protocol uses a 3/3 DVN configuration with Frax always in the verification loop, providing an additional security layer for cross-chain operations.
🌉 Frax Launches Fee-Free frxUSD Bridge Across 25 Chains
Frax has launched the **frxUSD Bridge**, enabling direct transfers of frxUSD across 25 blockchain networks. The bridge is operated by Frax and powered by LayerZero. **Key Features:** - No volume fees for users - No integration fees for chains - Direct cross-chain transfers - Available at [frax.com/swap](https://frax.com/swap) This launch builds on Frax's recent expansion efforts, including: - Integration with StableFlow for easy cross-chain swaps - Launch of FX markets on Polygon pairing frxUSD with major non-USD stablecoins (BRZ, tGBP, AUDF, KRWQ, IDRX) - Growing PegKeeper pool TVL surpassing $50M - Partnerships with 20+ protocols choosing frxUSD as their default stablecoin The bridge reflects Frax's philosophy that "DeFi money should move freely" across the ecosystem.
Curve FX Pools Launch on Polygon with Five Global Stablecoins
Frax, Curve, Polygon, and DFB have launched onchain foreign exchange markets on Polygon, pairing frxUSD with five non-USD stablecoins. **Available Trading Pairs:** - BRZ (Brazilian Real) - tGBP (British Pound) - AUDF (Australian Dollar) - KRWQ (Korean Won) - IDRX (Indonesian Rupiah) - frxUSD-USDT0 (dollar liquidity) The collaboration addresses traditional FX market limitations including high fees and fragmented liquidity. DFB provides market-making services while incentives are currently active. [Access pools](https://www.curve.finance/dex/polygon/pools?search=frxusd&sort=-tvl)
BRZ Stablecoin Launches Curve Pool with frxUSD on Polygon
**BRZ**, the Brazilian real-backed stablecoin from Transfero Group, has launched a new liquidity pool paired with frxUSD on [Curve Finance](https://curve.fi) on the Polygon network. **Key Details:** - BRZ maintains over $300M in total value locked (TVL) - Ranks as the 26th-largest stablecoin according to [DeFiLlama](https://defillama.com) - Fully backed by Brazilian real reserves - New pairing enables efficient swaps between BRZ and frxUSD This integration expands liquidity options for Brazilian real exposure in DeFi while connecting to Frax's stablecoin ecosystem on Polygon's low-fee network.