Frax Expands sfrxUSD to Sei Network
Frax Expands sfrxUSD to Sei Network
🌊 Sei You Later, Stablecoins
Frax has integrated sfrxUSD with Sei Network, enhancing stablecoin functionality across DeFi applications including jlyvrs and synnax_labs.
Key updates:
- Direct conversion between frxUSD and sfrxUSD now available on Sei
- Integration powered by LayerZero Core technology
- Simple staking/unstaking process through frax.com/earn
This expansion follows recent integrations with Sonic Labs and other platforms, demonstrating Frax's continued cross-chain growth strategy.
Security Note: Users should only access services through official Frax channels to avoid phishing attempts.
1/ frxUSD is now backing @Rings_Protocol scUSD on @SonicLabs 💥 With $50M+ TVL and the top boost for the $S airdrop, scUSD plays a key role in driving liquidity on Sonic. Now you can mint scUSD by depositing our flagship stablecoin frxUSD. Get started: app.rings.money
$scUSD now supports $frxUSD as collateral! You can now use @fraxfinance's frxUSD as collateral to mint $scUSD on both Ethereum and Sonic. This integration enhances accessibility and choice for users. Start minting today!
1/ sfrxUSD now live on Sei 🔴💨 Frax's sfrxUSD is integrated with @SeiNetwork, expanding stablecoin utility across DeFi apps like @jlyvrs and @synnax_labs. frxUSD can now be converted to sfrxUSD directly on Sei, with support powered by @LayerZero_Core. Learn more:
1/ sfrxUSD-scUSD Market Live on @SiloFinance 🏦 Generously bootstrapped with $3M scUSD by @rings_protocol, early movers on @SonicLabs get rewarded. Deposit sfrxUSD here: v2.silo.finance/markets/sonic/…
1/ sfrxUSD on Sonic 💥 Led by fellow DeFi innovator @AndreCronjeTech, @SonicLabs is designed for DeFi first and is growing fast with $1B+ TVL. frxUSD is already on Sonic, and the benchmark yield of sfrxUSD will now also become a staple. Instantly staked via @LayerZero_Core.
Frax Makes Waves at Bitcoin Conference with Regulatory Progress
Frax marked significant milestones at The Bitcoin Conference as official sponsors, engaging with over 35,000 attendees. **Key highlights**: - Meetings with lawmakers including J.D. Vance about stablecoin vision - CEO Sam Kazemian discussed future plans with GENIUS+STABLE Acts authors - frxUSD launch designed to meet new regulatory standards - Thousands visited Frax booths to discuss strategy The company is actively working with federal and state leaders to integrate regulated payment stablecoins into the financial system. Visit [frax.com](http://frax.com) to learn more.
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.*