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 Partners with Rarible to Launch NFT Marketplace on Fraxtal L1
**Frax expands beyond DeFi** by partnering with Rarible to bring NFT marketplaces to Fraxtal, its high-performance Layer 1 blockchain. **Key developments:** - Rarible will launch **10 unique NFT collections** on Fraxtal - Collections feature art, culture, and experimental drops with native Fraxtal integration - Some collections are **already live** - Frax planning **5-year anniversary NFT collection** **Why this matters:** Fraxtal, originally built for stablecoins and DeFi, now welcomes artists and creative communities. Rarible brings proven NFT marketplace infrastructure to the platform. **Security note:** Users warned about potential phishing scams in replies - only trust official Frax channels.
馃 Frax Partners with Protocol FX for New Curve Finance Pairing
**Partnership Expansion in DeFi** Frax Protocol celebrates its collaboration with Protocol FX, which recently secured approval for a new trading pair on Curve Finance. **Key Development:** - Protocol FX's fxUSD will be paired with Frax's frxUSD on Curve Finance - Partnership represents positive-sum collaboration in DeFi ecosystem - Initiative aims to expand onchain adoption **Strategic Focus** The collaboration highlights Frax's commitment to building partnerships that advance decentralized finance infrastructure and bring more users onchain through cooperative efforts.
馃攧 Curve Founder Proposes Scaling YieldBasis with Multi-Stablecoin Pools
**Curve Finance founder proposes expansion plan** Michael Egorov (@newmichwill) has put forward a proposal to scale @yieldbasis through expanded crvUSD pools. **Key details:** - Pool expansion would include USDC, USDT, and frxUSD - Strategy focuses on growing liquidity across major stablecoins - frxUSD highlighted as GENIUS-compliant and Treasury-backed **Background context:** frxUSD operates as a stablecoin built to GENIUS standards with full backing from tokenized Treasuries. The token maintains deep DeFi integration through various Curve pools on Ethereum. Current frxUSD pairs include partnerships with Bedrock's uniBTC, Falcon's USDf, Sky's sUSDS, and Curve's native crvUSD. *This proposal represents another step in DeFi's ongoing liquidity optimization efforts.*
GENIUS Act Ushers New Era for Digital Dollar Stablecoins
The GENIUS Act has officially become law, establishing the first comprehensive federal framework for payment stablecoins in the United States. This landmark legislation creates clear guidelines for digital dollar stablecoins like Frax USD and USDC. Key impacts: - First clear federal regulations for stablecoins - Enhanced security and compliance standards - Framework for mainstream financial integration Circle and Frax are positioning their stablecoins to operate under the new regulatory framework, aiming to provide compliant digital payment solutions. Learn more about the GENIUS Act at [Circle's overview](circle.com/genius-act)
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.