Frax Share (FXS) Rebrands to Frax (FRAX) in North Star Upgrade
Frax Share (FXS) Rebrands to Frax (FRAX) in North Star Upgrade
馃攧 FXS Gets a Makeover
Key Updates from Frax's North Star Upgrade:
- Frax Share (FXS) is now rebranded as Frax (FRAX)
- FRAX becomes the ecosystem's sole commodity token and gas token on Fraxtal
- The stablecoin FRAX has been upgraded to frxUSD
For Token Holders:
- FXS on Fraxtal: Automatic 1:1 conversion to FRAX
- FXS on Ethereum: Bridge to Fraxtal via frax.com/swap for 1:1 conversion
Security Notice: Exercise caution with links. Only use official Frax channels and website for transactions.
1/ Today, Frax Share $FXS becomes Frax $FRAX, the sole commodity token for our ecosystem. Contract address changes below: Current CA for FXS on Ethereum: 0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0 Current CA for FXS on Fraxtal: 0xFc00000000000000000000000000000000000002
1/ On April 29th at noon PST, Frax takes the next step in our evolution with the North Star Upgrade 猸愶笍 With this update, Frax Share will be renamed simply to Frax, become the gas token for Fraxtal, & be the sole commodity token utilized for security in the ecosystem forever. 馃憞
1/ On April 29th at noon PST, Frax takes the next step in our evolution with the North Star Upgrade 猸愶笍 With this update, Frax Share will be renamed simply to Frax, become the gas token for Fraxtal, & be the sole commodity token utilized for security in the ecosystem forever. 馃憞
Silo Finance Launches sfrxUSD-scUSD Market with $3M Bootstrap
Silo Finance has launched a new sfrxUSD-scUSD market on Sonic Labs, bootstrapped with $3M scUSD by Rings Protocol. Key updates: - Users can deposit sfrxUSD and borrow scUSD at favorable rates - frxUSD is now accepted as collateral for scUSD - Easy bridging available through frax.com - Instant staking of frxUSD to sfrxUSD via LayerZero The integration builds on recent developments including frxUSD backing for scUSD, which has reached $50M+ TVL. Users can stake scUSD to earn yields and qualify for $S airdrops. [Start depositing on Silo Finance](https://v2.silo.finance/markets/sonic/sfrxusd-scusd-48)
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
Fraxtal Announces North Star Hard Fork and AI Integration Plans
Fraxtal, now a top 4 sovereign rollup with $300M TVL, announces major updates coming in February 2024: - Implementation of real-time blocks in 2025 - Partnership with IQWIKI for Agent Tokenization Platform - Development of AIVM (AI Virtual Machine) for onchain agents - Introduction of Frax Burn Engine (FBE) for gas fee management - FXTL tokenization with $FRAX tail emissions The protocol aims to excel in three key areas: decentralization/security, speed, and AI integration. Through Optimism Superchain, Fraxtal maintains Ethereum-level security while focusing on performance improvements and AI capabilities. *Note: Official updates only through Frax X and Telegram accounts.*
Ethena Labs Launches on Fraxtal L2 with New Curve Pools
**Ethena Labs** has launched on Fraxtal L2, introducing new Curve Finance pools for USDe/FRAX and sUSDe/FRAX trading pairs. Key features: - LPs earn trading yield plus 30X Ethena Ethereal points - All activities on Fraxtal earn $FXTL points - Assets can be bridged via Stargate Finance Fraxtal recently achieved $200M TVL and aims to become a central DeFi liquidity hub. The platform emphasizes security, warning users to access only through official channels. *Bridge your assets now to participate in the new liquidity pools.*