Frax Finance Deploys Leviathan Points Contract on Fraxtal
Frax Finance Deploys Leviathan Points Contract on Fraxtal
馃敟 Fraxtal Frenzy Unleashed
Frax Finance, the team behind the world's first fractional-algorithmic stablecoin, has deployed the Leviathan Points contract ($SQUID) on their Fraxtal platform. This deployment has triggered a rush among the community to gain eligibility for the contract, which is likely related to rewards or incentives. The Frax Protocol is known for its innovative approach of combining collateral backing and algorithmic stabilization for its cryptocurrency.
Leviathan Points contract ($SQUID) deployed to Fraxtal, triggering fevered rush to gain eligibility leviathannews.xyz/redirect/4404
馃殌 Frax Launches Cross-Chain Platform
**Frax Protocol** has opened the waitlist for **FraxNet**, a new account-based platform designed for cross-chain stablecoin operations. **Key Features:** - Mint, redeem, and earn across **20+ blockchain networks** - Built around **frxUSD**, Frax's flagship stablecoin - Complies with **GENIUS standards** for regulatory compliance **What This Means:** FraxNet aims to simplify multi-chain DeFi interactions by providing a unified interface for stablecoin management. The platform addresses the growing need for seamless cross-chain functionality as DeFi expands across multiple networks. The timing aligns with Frax's recent expansion to Unichain, positioning the protocol to capture users in emerging DeFi ecosystems. [Join the waitlist](http://net.frax.com) to get early access when the platform launches.
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.
Frax Expands sfrxUSD to Sei Network
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](https://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.*
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