🤝 Frax Partners with Protocol FX for New Curve Finance Pairing
🤝 Frax Partners with Protocol FX for New Curve Finance Pairing
🤝 New DeFi Alliance
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.
This Thanksgiving, we're thankful for all our partners who work tirelessly to bring DeFi to the world. Partners like @protocol_fx, who recently passed a proposal to pair their fxUSD with frxUSD on @CurveFinance. DeFi partners working in positive-sum to bring the world onchain🤝
frxUSD is the ideal stablecoin peg keeper. Fully backed and as safe as USDC, leveraging our DeFi expertise and incentives from underlying Treasuries for growth. This proposal pairs frxUSD with fxUSD from our DeFi friends @protocol_fx to grow together 🤝 forum.aladdin.club/t/proposal-add…
Avant Protocol Integrates frxUSD as PegKeeper Across Multiple Chains
**Avant Protocol has selected frxUSD as their PegKeeper solution**, expanding frxUSD's ecosystem presence. **Key Details:** - Avant's avUSD offers adaptive, transparent yield with institutional-grade security - New liquidity pools launched on [Curve Finance](https://www.curve.finance) (Ethereum) and Etherex (Linea) - This follows frxUSD's recent PegKeeper pool with Origin Protocol's OUSD **What is a PegKeeper?** PegKeepers help maintain stablecoin price stability by automatically managing liquidity. frxUSD serves as an ideal PegKeeper due to its full backing and USDC-level safety. **Growing Ecosystem:** The integration demonstrates frxUSD's expanding role in multi-chain DeFi infrastructure, providing sustainable yield opportunities through Treasury-backed incentives across different protocols and networks.
Binance Lists FRAX Despite Industry Pushback
Binance has listed FRAX, the fractional-algorithmic stablecoin, despite some exchanges refusing to do so for political reasons. **Key Points:** - Some exchanges have declined to list FRAX due to political considerations - Binance proceeded with the listing, maintaining its position as the largest centralized exchange - The exchange credits its growth to adhering to higher standards - Further expansion of offerings at Binance is planned FRAX represents a unique approach to stablecoins, being partially backed by collateral and partially stabilized through algorithms. The listing decision highlights the varying approaches exchanges take when evaluating controversial or politically sensitive assets.
dTRINITY Expands from Fraxtal to Ethereum Mainnet
**dTRINITY**, a DeFi protocol originally built on Fraxtal, has launched on Ethereum mainnet. - The project represents Fraxtal's multichain expansion strategy - Fraxtal positions itself as a "stablecoin operating system" designed for DeFi innovation - dTRINITY utilizes Fraxtal's infrastructure and high-performance assets The deployment marks a significant milestone for projects native to Fraxtal, demonstrating the platform's ability to support protocols that can scale to Ethereum's larger DeFi ecosystem.
KRWQ Korean Won Stablecoin Launches on Fraxtal with DeFi Integration
**KRWQ**, the first Korean won stablecoin, has launched on Fraxtal, a Layer 1 blockchain designed for stablecoin infrastructure. **Key integrations include:** - Native issuance using LayerZero technology - Upcoming availability as collateral on Fraxlend - New KRWQ/frxUSD liquidity pool on Velodrome Finance The stablecoin was developed by IQ AI in collaboration with Frax, combining: - Frax's frxUSD infrastructure (partnered with BlackRock, Bridge, Superstate, and WisdomTree) - IQ's Korean market presence through listings on major exchanges like Upbit and Bithumb The integration aims to provide additional DeFi utility for KRWQ on a chain built specifically for stablecoin innovation. [Full press release](https://markets.businessinsider.com/news/stocks/krwq-the-first-korean-won-stablecoin-launches-on-fraxtal-1035756138)
Frax Partners with RAAC Finance on Gold-Backed Stablecoin pmUSD
Frax has announced a partnership with RAAC Finance to support pmUSD, a gold-backed stablecoin gaining adoption. **Key Details:** - pmUSD is backed by physical gold - The collaboration leverages Frax's stablecoin ecosystem infrastructure - Partnership described as "positive-sum" for both protocols Frax positions its ecosystem as purpose-built to support innovative DeFi projects like RAAC Finance, signaling continued expansion of its stablecoin partnerships.