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
LlamaRisk Proposes Doubling frxUSD Cap on Aave V4 to $20M
**frxUSD caps on Aave V4 are set to double** following a proposal from LlamaRisk. The stablecoin's initial $10M limit filled quickly after incentives launched last week, prompting the proposed increase to $20M. **Key developments:** - frxUSD would become the largest stablecoin by cap on Aave V4 if approved - Currently ranks as third most borrowed stablecoin on the platform, behind USDC and USDT - Borrowing rates start at 1.5% APY The rapid cap fill demonstrates demand for frxUSD in the lending market. The proposal reflects Aave V4's security-first approach, gradually expanding limits as the protocol proves stable. [Read the full governance proposal](https://governance.aave.com/t/arfc-aave-v4-activation-on-ethereum-mainnet/24293/25)
Send Launches Base-Canton Bridge with frxUSD as Day 1 Asset
**Send has launched a bridge connecting Base and Canton Network**, with frxUSD included as a launch asset. - The bridge enables cross-chain transfers between Base and Canton - **frxUSD.B** is the Send-bridged version of frxUSD on Canton - This brings Frax's stablecoin benefits to Canton Network's privacy-first institutional blockchain - More collaboration between the platforms is planned Canton Network has been gaining institutional adoption due to its privacy-focused architecture. Frax previously announced its role as a Canton validator and committed to establishing a strong frxUSD presence on the network.
Tangent Protocol Launches with frxUSD as Core Stablecoin
**Tangent, a new DeFi protocol, has officially launched with frxUSD as its core default stablecoin.** The protocol offers liquidity providers up to **30% APR plus future $TAN token allocations** through its PegKeeper pool integration with Curve Finance. Unlike other stablecoins that only use frxUSD for secondary market liquidity, Tangent's USG stablecoin relies on frxUSD as its primary mechanism for maintaining its peg. This launch follows a pre-deposit phase where frxUSD was selected as one of only two default stablecoins (alongside USDC) to secure $TAN allocations.
Tangent Opens Pre-Deposits Next Week with frxUSD as Default Stablecoin
**Tangent pre-deposits launch in one week**, featuring frxUSD as the default stablecoin alongside USDC. **Key details:** - Tangent integrates with frxUSD PegKeeper pools on Curve Finance - The integration expands frxUSD's role as a core DeFi stablecoin for onchain liquidity - frxUSD offers yield forwarding capabilities alongside its stability features The launch represents continued adoption of frxUSD as a foundational stablecoin for DeFi protocols.
Curve FX Pools Launch on Polygon with Five Global Stablecoins
Frax, Curve, Polygon, and DFB have launched onchain foreign exchange markets on Polygon, pairing frxUSD with five non-USD stablecoins. **Available Trading Pairs:** - BRZ (Brazilian Real) - tGBP (British Pound) - AUDF (Australian Dollar) - KRWQ (Korean Won) - IDRX (Indonesian Rupiah) - frxUSD-USDT0 (dollar liquidity) The collaboration addresses traditional FX market limitations including high fees and fragmented liquidity. DFB provides market-making services while incentives are currently active. [Access pools](https://www.curve.finance/dex/polygon/pools?search=frxusd&sort=-tvl)