Frax Resumes Cross-Chain Transfers After LayerZero Security Review
Frax Resumes Cross-Chain Transfers After LayerZero Security Review
馃敁 Frax Transfers Back
Frax has resumed cross-chain transfers after confirming the safety of its security setup following a LayerZero review.
Key Points:
- Cross-chain transfers are now operational after a precautionary pause
- LayerZero provided a root cause analysis that confirmed Frax's 3/3 DVN (Decentralized Verifier Network) setup remains secure
- All Frax assets stayed safe during the pause, maintaining the protocol's 5+ year security track record
Timeline:
- The pause was implemented as a precautionary measure while LayerZero conducted its security review
- Frax was not directly affected by the recent rsETH exploit
- Transfers resumed only after receiving and reviewing LayerZero's analysis
Update: As we have not yet received a root cause analysis from LayerZero, the temporary pause on crosschain transfers remains. We take security seriously. This is why we run a 3/3 DVN setup with Frax in the loop at all times. Transfers will resume once we're confident it's safe.
Frax is not affected by the rsETH exploit. All funds remain fully safe and secure. We use a secure 3/3 DVN setup for crosschain transfers. Out of an abundance of caution, we鈥檝e paused cross-chain transfers while LayerZero completes its review and will resume once confirmed safe.
Frax is not affected by the rsETH exploit. All funds remain fully safe and secure. We use a secure 3/3 DVN setup for crosschain transfers. Out of an abundance of caution, we鈥檝e paused cross-chain transfers while LayerZero completes its review and will resume once confirmed safe.
After reviewing the root cause analysis from LayerZero, we鈥檝e confirmed our 3/3 DVN setup is safe to use. Crosschain transfers have resumed. Frax assets remained secure throughout, as they have over 5+ years of operation.
Update: As we have not yet received a root cause analysis from LayerZero, the temporary pause on crosschain transfers remains. We take security seriously. This is why we run a 3/3 DVN setup with Frax in the loop at all times. Transfers will resume once we're confident it's safe.
Frax Partners with Aave to Address rsETH Incident Through DeFi United Collaboration
**Frax is working directly with Aave to help resolve the rsETH incident** that occurred on April 18, 2026. Despite having no direct exposure to the issue, Frax is participating in the DeFi United effort to restore stability to Aave markets. **Key developments:** - Multiple commitments are in place to restore rsETH backing - [Lido Finance](https://twitter.com/LidoFinance) has published a DAO proposal to join the recovery effort - Aave service providers are leading the collaborative response This incident comes as frxUSD has been rapidly expanding on Aave V4, where it launched as a day-one stablecoin. Aave has progressively raised frxUSD caps as part of its security-first rollout strategy. The collaboration demonstrates ecosystem-wide coordination during critical moments, with priority given to achieving the best outcome for affected users.
Frax Proposes Governance Vote for Aave Market Support Strategy
Frax is preparing to introduce a governance proposal focused on supporting Aave markets through a structured, incentive-aligned framework. **Key Points:** - The proposal aims to create mutual benefits as Frax assets expand within Aave's ecosystem - Details of the incentive structure will be outlined in the upcoming governance vote - This follows Aave's broader strategy to position itself as core global financial infrastructure The initiative represents a collaborative approach between the two DeFi protocols, with Frax seeking community input on how to best integrate and support its assets on Aave's lending platform.
馃帰 Boardwalk Launchpad Coming to Fraxtal
**Boardwalk**, a new token launchpad, is set to launch on Fraxtal. The platform will enable projects to raise funds and distribute tokens on the Fraxtal network. This addition expands the ecosystem's infrastructure for new project launches. - New launchpad platform for Fraxtal ecosystem - Will facilitate token launches and fundraising - Launch timeline marked as "coming soon" Fraxtal continues building out its DeFi infrastructure with this latest addition to its growing ecosystem.
Etherscan Launches Cross-Chain Page, Fraxtal Sees $1M Daily Inflows
Etherscan has launched a new cross-chain transactions page, where **Fraxtal ranks #7** with over **$1 million in inflows** within 24 hours. Fraxtal's hub-and-spoke architecture positions it as a **central liquidity hub**, enabling users to hold high-performance assets across **20+ chains**. This design facilitates seamless cross-chain asset movement and liquidity distribution. The ranking demonstrates growing adoption of Fraxtal's infrastructure for multi-chain asset management.
frxUSD Surpasses 1,000 Transactions on EtherFi
The frxUSD stablecoin has reached a milestone of over 1,000 transactions on EtherFi's platform. **Key Updates:** - Week 3 rewards have been distributed to participants - 12 hours remain to qualify for Week 4 rewards - Users earn rewards by selecting frxUSD as their default stablecoin for spending on EtherFi The program continues to attract participants, with an increasing number of winners each week. Users can still join the rewards program by making transactions with frxUSD on the [EtherFi platform](https://ether.fi).