Frax Announces Partnership with Fjord Foundry for Projects Launching on Fraxtal L2 Chain
Frax Announces Partnership with Fjord Foundry for Projects Launching on Fraxtal L2 Chain
馃殌 Frax Partners Up!
Frax has announced a partnership with Fjord Foundry aimed at projects launching on Fraxtal, Frax's modular Layer 2 chain. Projects that raise capital on Fjord to deploy on Fraxtal can receive extra benefits, points, and incentives for launching via Fjord's platform. Teams launching on Fraxtal through Fjord Foundry may earn FXTL points, FXS incentives, work directly with the Frax Core Team, and potentially receive follow-on investments from the Frax DAO. Their treasury can grow by holding investments in yielding assets like sFRAX and sfrxETH. The Frax Core Team and certain VCs have expressed interest in investing in projects launching via Fjord Foundry on Fraxtal. Frax is actively encouraging its ecosystem and community to raise and launch Fraxtal-based projects on Fjord Foundry, which is the first capital raising platform on Fraxtal.
Frax is excited to announce our partnership with @FjordFoundry aimed at projects launching on Fraxtal, our modular L2 chain. Projects that raise capital on Fjord to deploy on Fraxtal can receive extra benefits, points, & incentives for launching via Fjord's platform!
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.