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 Hires Former Mastercard Executive as VP of Strategic Initiatives
Frax has appointed Vince Dowdle as VP of Strategic Initiatives & Alliances, marking a significant step in expanding their institutional presence. The former Mastercard executive will focus on: - Building institutional relationships - Preparing for US payment stablecoin charter for frxUSD - Developing strategic partnerships This move aligns with Frax's commitment to US-based crypto innovation, following their support of organizations like @standwithcrypto and @coincenter. [Read the full announcement](https://www.prnewswire.com/news-releases/mastercard--startup-exec-joins-frax-to-spearhead-institutional-strategy-302424857.html)
Frax Pursues Payment Stablecoin Charter Under GENIUS Act
Frax is positioning to secure one of the first payment stablecoin charters globally for frxUSD under the US GENIUS Act legislation. This follows their recent launch of frxUSD, developed in partnership with BlackRock and Superstate Funds. Key features of frxUSD: - Separates issuance from custody - Offers cash mint/redeem capability - Maintains high on-chain yields via sfrxUSD - Supports 1:1 upgrades from legacy FRAX - Multi-chain deployment planned The stablecoin represents a strategic evolution in Frax's position as they adapt to increasing mainstream stablecoin adoption.
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.*