FRAX v3's FXB Module Goes Live
FRAX v3's FXB Module Goes Live
FRAX v3's FXB module has gone live, completing the FRAX v3 design and all new feature deployment. FXBs are decentralized utility tokens that convert into 1 FRAX stablecoin when they mature. The initial launch includes 3 FXBs with different maturity dates. FXBs can be bought onchain using a gradual Dutch auction mechanism. They are a way to buy future FRAX stablecoins at a discount today. FXBs have various use cases in the Frax ecosystem, including pools and leverage pairs.
Today FRAX v3's $FXB module goes live! This completes the FRAX v3 design and all new feature deployment. This is a watershed moment because of the unique design and utility of FXBs within DeFi. 🧵
Curve Finance Launches New frxUSD/USDf Pool with StakeDAO Voting Incentives
A new stablecoin liquidity pool has launched on Curve Finance, featuring frxUSD and USDf pairs. The pool is a collaboration between Falcon Stable and Curve Finance, with active voting incentives available through StakeDAO. - **Pool Details**: Available on Curve Finance's Ethereum network - **Key Features**: Factory-stable pool design with voting incentives - **Participation Options**: - Deposit funds: [Pool Deposit](https://curve.finance/dex/ethereum/pools/factory-stable-ng-485/deposit/) - Cast votes: [Vote Market](https://votemarket.stakedao.org/curve/gauge/1-0xbb6c782738bc37484d0773f3D6bEce4DDc20cBdF) *Take action*: Visit Curve Finance to explore the new pool and earn voting incentives.
Frax Partners with Echo Market to Boost Community Content Creation
Frax announces partnership with Echo Market, a new marketing platform on Fraxtal Layer 2, to enhance community engagement and content quality. Key features: - Frax controls campaign narratives and reward structures - Platform focuses on rewarding original, high-quality content - Built-in protection against bot-generated and low-quality AI content The first campaign is now active on Echo Market's platform. Creators can participate at [Echo Market Campaign](https://echomarket.app/campaign/0x66004def8ed26351cb496a6023eb4530305c2bb8). This launch follows Frax's recent Fraxtal L2 deployment, expanding their ecosystem functionality.
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.
Frax Expands sfrxUSD to Sei Network
Frax has integrated sfrxUSD with Sei Network, enhancing stablecoin functionality across DeFi applications including jlyvrs and synnax_labs. Key updates: - Direct conversion between frxUSD and sfrxUSD now available on Sei - Integration powered by LayerZero Core technology - Simple staking/unstaking process through [frax.com/earn](https://frax.com/earn) This expansion follows recent integrations with Sonic Labs and other platforms, demonstrating Frax's continued cross-chain growth strategy. *Security Note: Users should only access services through official Frax channels to avoid phishing attempts.*