Frax Protocol Announces Incentives for L3 Teams to Launch on Fraxtal
Frax Protocol Announces Incentives for L3 Teams to Launch on Fraxtal
馃殌 Frax Supercharges L3 Launches
The Frax Protocol has announced a new initiative to incentivize Layer 3 (L3) teams to launch their projects on Fraxtal, the protocol's Layer 2 scaling solution. L3 teams that join the Superchain Collective and launch on Fraxtal will be eligible to earn direct rewards in the form of $FXTL and $FXS tokens, as well as additional perks from the OP Superchain. This move aims to attract more projects to the Fraxtal ecosystem and further expand the capabilities of the Frax Protocol.
It's now as easy as 1, 2, 3 to launch an L3 that settles on Fraxtal! 馃殌 L3 teams can earn direct $FXTL & $FXS incentives as well as OP Superchain perks by teaming up with us & joining the Superchain Collective. 馃
馃敶 Welcoming L3s to the Superchain! L3s can join the Superchain by building on the OP Stack and sharing revenue with the Collective. Benefits include: - Accessing a broad network of Superchain builders - Eligibilities for Retro Funding, airdrops, growth campaigns, and more
Binance Lists FRAX Token Despite Industry Pushback
Frax Finance praised Binance for listing their upgraded FRAX stablecoin, noting that some exchanges have refused to list the token for political reasons. **Key Points:** - Binance integrated Fraxtal and listed FRAX with a focus on security and user experience - Frax Finance countered recent criticism of Binance, calling their listing process professional - The team emphasized Binance's adherence to higher standards compared to industry norms - Further expansion of offerings at Binance is planned The listing comes amid what Frax describes as attempts to portray Binance as predatory, though their direct experience contradicts this narrative.
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 was previously highlighted as an example of what's possible with Fraxtal's infrastructure The deployment marks a significant milestone for projects native to Fraxtal as they 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 experiencing growing adoption. **Key Details:** - pmUSD is backed by physical gold as collateral - The collaboration leverages Frax's stablecoin 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.
infiniFi Launches Onchain Duration Engine for Stablecoin Yields
infiniFi is introducing an **onchain duration engine** that transforms stablecoin deposits into structured yield products. The platform takes dollar-denominated stablecoins and converts them into a **yield stack designed to perform beyond typical DeFi rate cycles**. This approach aims to provide more sustainable returns compared to standard DeFi lending rates. Depositors can **select different risk levels** to match their yield preferences, putting risk management directly onchain. The system allows users to customize their exposure while maintaining transparency through blockchain-based infrastructure. The duration engine represents a shift toward more sophisticated fixed-income products in decentralized finance, bringing traditional finance concepts like duration management to crypto markets.