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
Avant Protocol Integrates frxUSD as PegKeeper Across Multiple Chains
**Avant Protocol has selected frxUSD as their PegKeeper solution**, expanding frxUSD's ecosystem presence. **Key Details:** - Avant's avUSD offers adaptive, transparent yield with institutional-grade security - New liquidity pools launched on [Curve Finance](https://www.curve.finance) (Ethereum) and Etherex (Linea) - This follows frxUSD's recent PegKeeper pool with Origin Protocol's OUSD **What is a PegKeeper?** PegKeepers help maintain stablecoin price stability by automatically managing liquidity. frxUSD serves as an ideal PegKeeper due to its full backing and USDC-level safety. **Growing Ecosystem:** The integration demonstrates frxUSD's expanding role in multi-chain DeFi infrastructure, providing sustainable yield opportunities through Treasury-backed incentives across different protocols and networks.
Binance Lists FRAX Despite Industry Pushback
Binance has listed FRAX, the fractional-algorithmic stablecoin, despite some exchanges refusing to do so for political reasons. **Key Points:** - Some exchanges have declined to list FRAX due to political considerations - Binance proceeded with the listing, maintaining its position as the largest centralized exchange - The exchange credits its growth to adhering to higher standards - Further expansion of offerings at Binance is planned FRAX represents a unique approach to stablecoins, being partially backed by collateral and partially stabilized through algorithms. The listing decision highlights the varying approaches exchanges take when evaluating controversial or politically sensitive assets.
dTRINITY Expands from Fraxtal to Ethereum Mainnet
**dTRINITY**, a DeFi protocol originally built on Fraxtal, has launched on Ethereum mainnet. - The project represents Fraxtal's multichain expansion strategy - Fraxtal positions itself as a "stablecoin operating system" designed for DeFi innovation - dTRINITY utilizes Fraxtal's infrastructure and high-performance assets The deployment marks a significant milestone for projects native to Fraxtal, demonstrating the platform's ability to support protocols that can scale to Ethereum's larger DeFi ecosystem.
KRWQ Korean Won Stablecoin Launches on Fraxtal with DeFi Integration
**KRWQ**, the first Korean won stablecoin, has launched on Fraxtal, a Layer 1 blockchain designed for stablecoin infrastructure. **Key integrations include:** - Native issuance using LayerZero technology - Upcoming availability as collateral on Fraxlend - New KRWQ/frxUSD liquidity pool on Velodrome Finance The stablecoin was developed by IQ AI in collaboration with Frax, combining: - Frax's frxUSD infrastructure (partnered with BlackRock, Bridge, Superstate, and WisdomTree) - IQ's Korean market presence through listings on major exchanges like Upbit and Bithumb The integration aims to provide additional DeFi utility for KRWQ on a chain built specifically for stablecoin innovation. [Full press release](https://markets.businessinsider.com/news/stocks/krwq-the-first-korean-won-stablecoin-launches-on-fraxtal-1035756138)
Frax Partners with RAAC Finance on Gold-Backed Stablecoin pmUSD
Frax has announced a partnership with RAAC Finance to support pmUSD, a gold-backed stablecoin gaining adoption. **Key Details:** - pmUSD is backed by physical gold - The collaboration leverages Frax's stablecoin ecosystem infrastructure - Partnership described as "positive-sum" for both protocols Frax positions its ecosystem as purpose-built to support innovative DeFi projects like RAAC Finance, signaling continued expansion of its stablecoin partnerships.