Frax Partners with SwapX DEX on Sonic Network
Frax Partners with SwapX DEX on Sonic Network
🤝 Frax's New DEX Romance
Frax announces strategic partnership with SwapX, a leading DEX on Sonic's L1 network. Key highlights:
- New trading pairs launching: frxUSD/scUSD, frxETH/scETH, and FXS/frxETH
- Integration uses LayerZero's OFT technology for seamless bridging
- veFXS holders eligible for SWPx token airdrop
- SwapX features include concentrated liquidity pools and automated management
- Platform utilizes ve(3,3) tokenomics model
Users can access the platform via Frax's official interface and claim airdrops at SwapX.
⚠️ Users advised to access only through official channels to avoid scams.
1/ SwapX 🤝 Frax We're teaming up with @SwapXfi, one of the leading DEX on @SonicLabs to bring our top-performing assets to Sonic's high-performance EVM L1. Read until the end, because if you stake veFXS, you're getting an airdrop🥳
🪙 @FraxFinance is coming to #Sonic. FRAX, frxETH, FSX, and their yield-bearing versions will be tradable exclusively on @SwapXFi, powered by @CryptoAlgebra. Get ready for the Frax powerhouse with over $750 million in TVL.
Frax Hits Record Cross-Chain Activity
**Frax assets reached new all-time highs** in cross-chain messages via LayerZero over two consecutive days. Key growth areas: - **Base chain**: WFRAX and frxUSD gaining momentum on Aerodrome - **Linea chain**: New liquidity pools launched on Etherex driving activity This marks continued expansion of Frax's cross-chain presence, with frxUSD transfers and liquidity moving between multiple ecosystems at record levels.
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