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
frxUSD Emerges as Crisis-Proof Stablecoin After Historic Market Crash
**frxUSD demonstrated exceptional stability** during a recent historic market crash, proving itself as the safest asset to hold during crisis conditions. Key highlights: - Built to the **GENIUS standard** as a fully-backed stablecoin - **sfrxUSD continues offering** top-tier risk-adjusted yields - Available across **20+ blockchain networks** and expanding - Provides a **safe haven from market volatility** The crash resulted in significant losses for DeFi participants, highlighting the need for resilient financial infrastructure. **Market outlook remains positive** for stablecoin adoption, with the pathway for trillions of dollars moving onchain through stablecoins staying intact despite recent turbulence.
馃毃 Fraxtal Testnet Sunset
**Fraxtal developers face upcoming testnet changes** as Holesky deprecation forces infrastructure updates. **Key Timeline:** - Current Holesky-based testnet sunsets **Friday, October 17, 2025** - Holesky network officially deprecated in November - New **Fraxtal Hoodi testnet** launching soon **What's New:** - Faster **200ms Flashblocks** for improved performance - Updated node versions and documentation coming - **Mainnet operations remain unaffected** Developers should prepare for the transition and watch for upcoming technical documentation.
馃 Concrete Partners
**Frax partners with Concrete** to enhance institutional DeFi adoption through automated vault architecture. The collaboration combines: - Frax's high-performance assets - Concrete's automated vault technology - Focus on **$sfrxETH capabilities** This partnership aims to **bring institutions onchain** by leveraging both platforms' strengths. More details expected to follow as the integration develops. The move represents Frax's continued expansion into institutional-grade DeFi solutions.
dTRINITY Hits All-Time High TVL on Fraxtal with Subsidized Borrowing Model
**dTRINITY**, a Fraxtal-native DeFi protocol, has reached **all-time high TVL** while pioneering subsidized stablecoin lending. The protocol combines three key DeFi primitives: - Lending & borrowing protocol - Decentralized stablecoin - DEX liquidity pools **Key innovations:** - Reduces borrowing costs for users - Enhances yield opportunities - Provides greater protocol and network rewards Powered by **API3** data feeds, dTRINITY also integrates OEV Network to recapture protocol MEV, creating additional revenue streams. The protocol represents part of the "DeFi Renaissance" happening on Fraxtal, focusing on capital efficiency and positive-sum growth. Learn more about their subsidized borrowing model in the project spotlight from StableWatch.
馃敆 Cross-Chain Breakthrough
**Hermes Omnichain** launches seamless DeFi solution, eliminating liquidity fragmentation across multiple blockchains. **Key Features:** - One-click swap and bridge functionality - Access to high-performance DeFi assets - Multi-chain support including Fraxtal - Powered by LayerZero infrastructure **Why This Matters:** Traditionally, DeFi users faced complex processes when moving assets between different chains. This fragmented experience required multiple transactions and platforms. Hermes simplifies the entire process into a **single click**, making cross-chain DeFi accessible to mainstream users. **Technical Foundation:** Built on LayerZero's omnichain protocol, ensuring secure and efficient cross-chain communication. This represents a significant step toward **chain abstraction** - where users interact with DeFi without worrying about underlying blockchain complexity.