Frax Finance and NEAR Protocol Announce Strategic Partnership
Frax Finance and NEAR Protocol Announce Strategic Partnership
馃 Partnership Bombshell
Frax Finance, the world's first fractional-algorithmic stablecoin protocol, has announced a strategic partnership with NEAR Protocol, a leading decentralized application platform. This collaboration aims to bring natively issued Frax-assets, including sFRAX and sfrxETH, to power NEAR's DeFi ecosystem and provide yields, incentives, and deep liquidity. Additionally, the partnership involves the development of a frxNEAR LSD system and the integration of NEAR's decentralized autonomous organization (DAO) into Fraxtal. This comprehensive partnership spans multiple layers of the technology stack, marking a significant milestone for both projects.
Extremely excited for this partnership between @NEARProtocol & @fraxfinance. Frax-assets including sFRAX & sfrxETH will power Near DeFi yields. 馃殌 In parallel we're already working on a frxNEAR LSD system & teaming up to integrate Near DA into Fraxtal. This is the first
The NEAR Ecosystem welcomes @fraxfinance on NEAR as it takes its first major leap into a non-EVM environment. This move increases diversity in the stablecoin landscape on NEAR, among other novel unlocks for DeFi and yield-bearing assets on NEAR. Let's. Fraxin. Go. Read more:
Frax is excited to announce a new strategic partnership with @NEARProtocol to bring natively issued Frax-assets to power NEAR's leading DeFi ecosystem! Get ready to enjoy the same Frax-asset yields, incentives, & deep liquidity now powering NEAR DeFi. 馃 And more to come soon馃か
The NEAR Ecosystem welcomes @fraxfinance on NEAR as it takes its first major leap into a non-EVM environment. This move increases diversity in the stablecoin landscape on NEAR, among other novel unlocks for DeFi and yield-bearing assets on NEAR. Let's. Fraxin. Go. Read more:
Frax Highlights sfrxUSD's Stable Yield Performance Amid Market Volatility
Frax Finance is promoting **sfrxUSD** as a reliable yield option during volatile market conditions. **Key Points:** - sfrxUSD designed to offer optimal risk-adjusted stable yield on-chain - Consistently outperforms APY of major competing stablecoin options - Backed by team with 5-year security track record - Positioned as "set-it-and-forget-it" savings solution The protocol emphasizes sfrxUSD's performance track record as markets experience turbulence. Users can access the yield product at [frax.com/earn](http://frax.com/earn). Frax continues to differentiate its yield-bearing stablecoin in an increasingly crowded market of similar products, focusing on security and consistent returns rather than maximum APY.
Avant Protocol Integrates frxUSD as PegKeeper
Avant Protocol has selected frxUSD as their PegKeeper solution for their avUSD stablecoin. **Key Details:** - Avant's avUSD offers adaptive yield with institutional-grade security - Available across multiple blockchain networks - New liquidity pools launched on [Curve Finance](https://www.curve.finance) (Ethereum) and Etherex (Linea) This follows a recent frxUSD PegKeeper pool launch with Origin Protocol's OUSD, which benefits from dual yield incentives from both frxUSD and OUSD.
馃嚢馃嚪 Korean Won Stablecoin KRWQ Joins FraxNet for Global Settlement
**KRWQ**, the most traded Korean won stablecoin, has integrated with **FraxNet** to create an efficient KRW-USD settlement corridor. **Key developments:** - Built by IQ AI in collaboration with Frax using frxUSD infrastructure - Partners include BlackRock, Bridge, Superstate, and WisdomTree - Listed on major Korean exchanges: Upbit and Bithumb **Integration benefits:** - Unified, capital-efficient KRWUSD corridor for exchanges and DeFi platforms - New KRWQ/frxUSD liquidity pools, including first pool on Uniswap v4 - Enhanced global KRW settlement capabilities on-chain The integration leverages Frax's GENIUS-compatible network to provide deeper liquidity and streamlined cross-border settlement for Korean won transactions. [Read full press release](https://www.prnewswire.com/news-releases/krwq-the-most-traded-korean-won-stablecoin-joins-fraxnets-genius-compatible-network-302638607.html?tc=eml_cleartime)
frxUSD Joins Elite Group as DEIN Insurance Platform Launches with Only Three Supported Stablecoins
**frxUSD selected for exclusive DeFi insurance launch** DEIN.fi has chosen only **three stablecoins** for its insurance platform launch: - frxUSD - USDC - USDT This partnership positions frxUSD as **collateral** for DeFi insurance products, marking a significant step toward making decentralized finance safer for users. The collaboration aligns with Frax's mission to enhance DeFi security and demonstrates growing institutional confidence in frxUSD's stability and utility.
馃敟 New liquidity pool
**New incentives launched** for the frxUSD/wBLT liquidity pool on Deli Swap by BMX DeFi. **Key benefits:** - frxUSD's revenue-sharing model offers better capital efficiency than USDC/USDT - Perfect pairing with wBLT's productive liquidity vault - Now live on Base network **Why it matters:** This combination leverages frxUSD's Treasury-backed rewards system with wBLT's yield-generating capabilities, creating a more attractive option for liquidity providers. [Start providing liquidity](https://www.deliswap.com/#/explore/pools/base/0x3779354f8c0065d70f35115508d040008ccf2e6a246d80c4db994e4684e2f72a?chain=base&from=0x4E74D4Db6c0726ccded4656d0BCE448876BB4C7A&tab=swap)