Frax Assets Expanding to New Layer 2 Networks
Frax Assets Expanding to New Layer 2 Networks
🔥 Frax Conquers New Frontiers
Frax, the world's first fractional-algorithmic stablecoin, is set to launch on OKX's new zk-rollup Layer 2 network, XLayer. Frax assets will be available from day one, powering decentralized finance (DeFi) and yield opportunities on the network. This follows recent integrations of Frax on the Metis and Base Layer 2 networks, as the protocol continues its expansion across various Layer 2 ecosystems.
Frax Assets are now on @MetisL2 & being integrated into their DeFi ecosystem 👀 Frax will be everywhere sooooon.
Let's give a warm @MetisL2 welcome to our new friends @fraxfinance !!! ¤⛓️¤ #sfrxETH - $WETH 50/50 pool built on @Balancer tech is now open with nearly $4 million TVL 👀🔥 Rewards start soon 👉 hummus.exchange 🥙🌿 $FRAX $HUM $veHUM
Frax Assets coming soon to @okx's new zk L2 @XLayerOfficial with partner integrations on deck 🤝 $FRAX will be on the ground floor powering DeFi & yields on day 1. #FraxEverywhere
Excited to announce our partnership with @fraxfinance! Frax Finance is a versatile DeFi protocol that encompasses a suite of financial products, including its native stablecoin FRAX, a liquid staking solution with frxETH, and an array of other financial instruments. The journey
Frax Assets are coming to @base next! @BaseSwapDex is one of the first liquidity and yield sources on the chain for early Frax LPers 👀 Based 🔵
@BaseSwapDEX X @fraxfinance We are delighted to announce our partnership with Frax Finance. A long standing Powerhouse in #DEFI This partnership will open the doors to a variety of Frax assets to the @base Ecosystem. baseswap.fi BaseSwap is not officially
Frax Hires Former Mastercard Executive as VP of Strategic Initiatives
Frax has appointed Vince Dowdle as VP of Strategic Initiatives & Alliances, marking a significant step in expanding their institutional presence. The former Mastercard executive will focus on: - Building institutional relationships - Preparing for US payment stablecoin charter for frxUSD - Developing strategic partnerships This move aligns with Frax's commitment to US-based crypto innovation, following their support of organizations like @standwithcrypto and @coincenter. [Read the full announcement](https://www.prnewswire.com/news-releases/mastercard--startup-exec-joins-frax-to-spearhead-institutional-strategy-302424857.html)
Frax Pursues Payment Stablecoin Charter Under GENIUS Act
Frax is positioning to secure one of the first payment stablecoin charters globally for frxUSD under the US GENIUS Act legislation. This follows their recent launch of frxUSD, developed in partnership with BlackRock and Superstate Funds. Key features of frxUSD: - Separates issuance from custody - Offers cash mint/redeem capability - Maintains high on-chain yields via sfrxUSD - Supports 1:1 upgrades from legacy FRAX - Multi-chain deployment planned The stablecoin represents a strategic evolution in Frax's position as they adapt to increasing mainstream stablecoin adoption.
Frax Partners with Origin Protocol for New High-Yield Pool on Curve
Frax has launched a new yield-generating pool on Curve Finance in collaboration with Origin Protocol. The pool pairs frxETH with OETH and features LST (Liquid Staking Token) yield-boosted incentives. This follows Frax's recent expansion of yield opportunities, including their deployment on Fraxtal with dTRINITY_DeFi's lending loops and Ethena Labs integrations. - Pool is now live on Curve Finance - Features frxETH/OETH pairing - Includes LST yield boosting - Part of Frax's ongoing DeFi partnership strategy
Fraxtal Announces North Star Hard Fork and AI Integration Plans
Fraxtal, now a top 4 sovereign rollup with $300M TVL, announces major updates coming in February 2024: - Implementation of real-time blocks in 2025 - Partnership with IQWIKI for Agent Tokenization Platform - Development of AIVM (AI Virtual Machine) for onchain agents - Introduction of Frax Burn Engine (FBE) for gas fee management - FXTL tokenization with $FRAX tail emissions The protocol aims to excel in three key areas: decentralization/security, speed, and AI integration. Through Optimism Superchain, Fraxtal maintains Ethereum-level security while focusing on performance improvements and AI capabilities. *Note: Official updates only through Frax X and Telegram accounts.*
Ethena Labs Launches on Fraxtal L2 with New Curve Pools
**Ethena Labs** has launched on Fraxtal L2, introducing new Curve Finance pools for USDe/FRAX and sUSDe/FRAX trading pairs. Key features: - LPs earn trading yield plus 30X Ethena Ethereal points - All activities on Fraxtal earn $FXTL points - Assets can be bridged via Stargate Finance Fraxtal recently achieved $200M TVL and aims to become a central DeFi liquidity hub. The platform emphasizes security, warning users to access only through official channels. *Bridge your assets now to participate in the new liquidity pools.*