Frax Singularity Roadmap Ushers in New Era for Frax Assets and Fraxtal
Frax Singularity Roadmap Ushers in New Era for Frax Assets and Fraxtal
🚀 Frax Singularity Begins
The Frax community has approved the Frax Singularity Roadmap Part 1, introducing significant changes to the protocol. Key highlights include the activation of revenue sharing for veFXS stakers, who will now earn nearly $400,000 in fees this week. Additionally, the FXS Liquidity Engine on Fraxtal will go live, facilitating FXS buybacks. The sFRAX cap rate will be increased to 50% APY with a 5.40% floor rate. Frax is also partnering with Ethena Labs to allocate 250M FRAX to sUSDe lending pools, expanding cash flow and funding sFRAX APY. Furthermore, sfrxETH will undergo a restaking revamp, backed by Eigenlayer AVS validators, providing additional yield. The roadmap aims to achieve over $100 billion in Fraxtal TVL by the end of 2026.
.@fraxfinance's singularity road map proposed a $100 billion target for value locked on Fraxtal by 2026-end. trib.al/7WfZURL
1/ On Saturday governance passed the Frax Singularity Roadmap Part 1 near unanimously, ushering in a new era for Frax Assets & Fraxtal. There will be a lot of awesome changes in the coming weeks! Let's explore 🧵 snapshot.org/#/frax.eth/pro…
Frax released a roadmap, aiming to achieve more than $100 billion in Fraxtal TVL by the end of 2026; launch 23 officially provided L3s in the next 365 days; new assets such as frxNEAR, frxTIA and frxMetis may be launched this year; 50% of the revenue flows to veFXS , and the
Fee switch has been activated! Now veFXS stakers have started earning nearly $400k of fees this week. Keep in mind, this is in addition to a similar amount of revenue that goes into the FXS Liquidity Engine (buying back $FXS & adding to protocol owned liquidity). 🚀
$400k?!?! Underpromise and over deliver 🤝 @fraxfinance
veFXS Revenue Share+Fee Switch Turned ON veFXS stakers will get total protocol fees at the passing of this proposal added to the veFXS yield distributor on ETH mainnet as well as veFXS yield distributor contract on Fraxtal soon after.
.@fraxfinance's singularity road map proposed a $100 billion target for value locked on Fraxtal by 2026-end. Reports @godbole17. trib.al/cMRZtu1
Frax Singularity Proposal is Out! Highlights👇 - Frax generated $45m to achieve effective 100% CR - 100% CR means fee switch turned back on for veFXS - FXS Liquidity Engine to be schelling point for Frax assets - sFRAX to have 50% Cap Rate - Target $100 Bil Fraxtal TVL by 2026
Frax Partners with Rarible to Launch NFT Marketplace on Fraxtal L1
**Frax expands beyond DeFi** by partnering with Rarible to bring NFT marketplaces to Fraxtal, its high-performance Layer 1 blockchain. **Key developments:** - Rarible will launch **10 unique NFT collections** on Fraxtal - Collections feature art, culture, and experimental drops with native Fraxtal integration - Some collections are **already live** - Frax planning **5-year anniversary NFT collection** **Why this matters:** Fraxtal, originally built for stablecoins and DeFi, now welcomes artists and creative communities. Rarible brings proven NFT marketplace infrastructure to the platform. **Security note:** Users warned about potential phishing scams in replies - only trust official Frax channels.
🤝 Frax Partners with Protocol FX for New Curve Finance Pairing
**Partnership Expansion in DeFi** Frax Protocol celebrates its collaboration with Protocol FX, which recently secured approval for a new trading pair on Curve Finance. **Key Development:** - Protocol FX's fxUSD will be paired with Frax's frxUSD on Curve Finance - Partnership represents positive-sum collaboration in DeFi ecosystem - Initiative aims to expand onchain adoption **Strategic Focus** The collaboration highlights Frax's commitment to building partnerships that advance decentralized finance infrastructure and bring more users onchain through cooperative efforts.
🔄 Curve Founder Proposes Scaling YieldBasis with Multi-Stablecoin Pools
**Curve Finance founder proposes expansion plan** Michael Egorov (@newmichwill) has put forward a proposal to scale @yieldbasis through expanded crvUSD pools. **Key details:** - Pool expansion would include USDC, USDT, and frxUSD - Strategy focuses on growing liquidity across major stablecoins - frxUSD highlighted as GENIUS-compliant and Treasury-backed **Background context:** frxUSD operates as a stablecoin built to GENIUS standards with full backing from tokenized Treasuries. The token maintains deep DeFi integration through various Curve pools on Ethereum. Current frxUSD pairs include partnerships with Bedrock's uniBTC, Falcon's USDf, Sky's sUSDS, and Curve's native crvUSD. *This proposal represents another step in DeFi's ongoing liquidity optimization efforts.*
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.