dTRINITY Continues to Lead on Fraxtal

🚀 Fraxtal's rising star

By Frax
Oct 17, 2024, 4:21 PM
twitter

dTRINITY maintains its position as a leading project on Fraxtal, one of the top 13 Layer 2 solutions with rapid growth.​ The project's success stems from:

  • Winning a recent hackathon
  • Partnerships with prominent DeFi protocols

Fraxtal is positioning itself as a 'DeFi nation', inviting developers to contribute to its ecosystem.​

Note: This update reiterates previous announcements, indicating ongoing progress rather than new developments.​

Interested in building on Fraxtal? Reach out to explore opportunities in this growing Layer 2 environment.​

Sources

dTRINITY is a leading project on Fraxtal, our fastest-growing Top 13 L2. After winning our hackathon and partnering with top DeFi protocols, dTRINITY is destined for success. If you're interested in building in Fraxtal's DeFi nation, get in touch!

dTRINITY (▲)
dTRINITY (▲)
@dTRINITY_DeFi

We finished Q3 with strong momentum while gearing up for our upcoming launch on #Fraxtal 🚀 As our team reflects on recent achievements, we're proud to have laid a strong foundation that will propel dTRINITY to the moon in Q4 and beyond 🌕 A 🧵 on our progress (1/7) Read the

Image
54
Reply
Read more about Frax

Avant Protocol Integrates frxUSD as PegKeeper Across Multiple Chains

Avant Protocol Integrates frxUSD as PegKeeper Across Multiple Chains

**Avant Protocol has selected frxUSD as their PegKeeper solution**, expanding frxUSD's ecosystem presence. **Key Details:** - Avant's avUSD offers adaptive, transparent yield with institutional-grade security - New liquidity pools launched on [Curve Finance](https://www.curve.finance) (Ethereum) and Etherex (Linea) - This follows frxUSD's recent PegKeeper pool with Origin Protocol's OUSD **What is a PegKeeper?** PegKeepers help maintain stablecoin price stability by automatically managing liquidity. frxUSD serves as an ideal PegKeeper due to its full backing and USDC-level safety. **Growing Ecosystem:** The integration demonstrates frxUSD's expanding role in multi-chain DeFi infrastructure, providing sustainable yield opportunities through Treasury-backed incentives across different protocols and networks.

Binance Lists FRAX Despite Industry Pushback

Binance has listed FRAX, the fractional-algorithmic stablecoin, despite some exchanges refusing to do so for political reasons. **Key Points:** - Some exchanges have declined to list FRAX due to political considerations - Binance proceeded with the listing, maintaining its position as the largest centralized exchange - The exchange credits its growth to adhering to higher standards - Further expansion of offerings at Binance is planned FRAX represents a unique approach to stablecoins, being partially backed by collateral and partially stabilized through algorithms. The listing decision highlights the varying approaches exchanges take when evaluating controversial or politically sensitive assets.

dTRINITY Expands from Fraxtal to Ethereum Mainnet

**dTRINITY**, a DeFi protocol originally built on Fraxtal, has launched on Ethereum mainnet. - The project represents Fraxtal's multichain expansion strategy - Fraxtal positions itself as a "stablecoin operating system" designed for DeFi innovation - dTRINITY utilizes Fraxtal's infrastructure and high-performance assets The deployment marks a significant milestone for projects native to Fraxtal, demonstrating the platform's ability to support protocols that can scale to Ethereum's larger DeFi ecosystem.

KRWQ Korean Won Stablecoin Launches on Fraxtal with DeFi Integration

**KRWQ**, the first Korean won stablecoin, has launched on Fraxtal, a Layer 1 blockchain designed for stablecoin infrastructure. **Key integrations include:** - Native issuance using LayerZero technology - Upcoming availability as collateral on Fraxlend - New KRWQ/frxUSD liquidity pool on Velodrome Finance The stablecoin was developed by IQ AI in collaboration with Frax, combining: - Frax's frxUSD infrastructure (partnered with BlackRock, Bridge, Superstate, and WisdomTree) - IQ's Korean market presence through listings on major exchanges like Upbit and Bithumb The integration aims to provide additional DeFi utility for KRWQ on a chain built specifically for stablecoin innovation. [Full press release](https://markets.businessinsider.com/news/stocks/krwq-the-first-korean-won-stablecoin-launches-on-fraxtal-1035756138)

Frax Partners with RAAC Finance on Gold-Backed Stablecoin pmUSD

Frax has announced a partnership with RAAC Finance to support pmUSD, a gold-backed stablecoin gaining adoption. **Key Details:** - pmUSD is backed by physical gold - The collaboration leverages Frax's stablecoin ecosystem infrastructure - Partnership described as "positive-sum" for both protocols Frax positions its ecosystem as purpose-built to support innovative DeFi projects like RAAC Finance, signaling continued expansion of its stablecoin partnerships.