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:
LlamaRisk Proposes Doubling frxUSD Cap on Aave V4 to $20M
**frxUSD caps on Aave V4 are set to double** following a proposal from LlamaRisk. The stablecoin's initial $10M limit filled quickly after incentives launched last week, prompting the proposed increase to $20M. **Key developments:** - frxUSD would become the largest stablecoin by cap on Aave V4 if approved - Currently ranks as third most borrowed stablecoin on the platform, behind USDC and USDT - Borrowing rates start at 1.5% APY The rapid cap fill demonstrates demand for frxUSD in the lending market. The proposal reflects Aave V4's security-first approach, gradually expanding limits as the protocol proves stable. [Read the full governance proposal](https://governance.aave.com/t/arfc-aave-v4-activation-on-ethereum-mainnet/24293/25)
Send Launches Base-Canton Bridge with frxUSD as Day 1 Asset
**Send has launched a bridge connecting Base and Canton Network**, with frxUSD included as a launch asset. - The bridge enables cross-chain transfers between Base and Canton - **frxUSD.B** is the Send-bridged version of frxUSD on Canton - This brings Frax's stablecoin benefits to Canton Network's privacy-first institutional blockchain - More collaboration between the platforms is planned Canton Network has been gaining institutional adoption due to its privacy-focused architecture. Frax previously announced its role as a Canton validator and committed to establishing a strong frxUSD presence on the network.
Tangent Protocol Launches with frxUSD as Core Stablecoin
**Tangent, a new DeFi protocol, has officially launched with frxUSD as its core default stablecoin.** The protocol offers liquidity providers up to **30% APR plus future $TAN token allocations** through its PegKeeper pool integration with Curve Finance. Unlike other stablecoins that only use frxUSD for secondary market liquidity, Tangent's USG stablecoin relies on frxUSD as its primary mechanism for maintaining its peg. This launch follows a pre-deposit phase where frxUSD was selected as one of only two default stablecoins (alongside USDC) to secure $TAN allocations.
Tangent Opens Pre-Deposits Next Week with frxUSD as Default Stablecoin
**Tangent pre-deposits launch in one week**, featuring frxUSD as the default stablecoin alongside USDC. **Key details:** - Tangent integrates with frxUSD PegKeeper pools on Curve Finance - The integration expands frxUSD's role as a core DeFi stablecoin for onchain liquidity - frxUSD offers yield forwarding capabilities alongside its stability features The launch represents continued adoption of frxUSD as a foundational stablecoin for DeFi protocols.
Curve FX Pools Launch on Polygon with Five Global Stablecoins
Frax, Curve, Polygon, and DFB have launched onchain foreign exchange markets on Polygon, pairing frxUSD with five non-USD stablecoins. **Available Trading Pairs:** - BRZ (Brazilian Real) - tGBP (British Pound) - AUDF (Australian Dollar) - KRWQ (Korean Won) - IDRX (Indonesian Rupiah) - frxUSD-USDT0 (dollar liquidity) The collaboration addresses traditional FX market limitations including high fees and fragmented liquidity. DFB provides market-making services while incentives are currently active. [Access pools](https://www.curve.finance/dex/polygon/pools?search=frxusd&sort=-tvl)