Frax

**Frax is working directly with Aave to help resolve the rsETH incident** that occurred on April 18, 2026. Despite having no direct exposure to the issue, Frax is participating in the DeFi United effort to restore stability to Aave markets. **Key developments:** - Multiple commitments are in place to restore rsETH backing - [Lido Finance](https://twitter.com/LidoFinance) has published a DAO proposal to join the recovery effort - Aave service providers are leading the collaborative response This incident comes as frxUSD has been rapidly expanding on Aave V4, where it launched as a day-one stablecoin. Aave has progressively raised frxUSD caps as part of its security-first rollout strategy. The collaboration demonstrates ecosystem-wide coordination during critical moments, with priority given to achieving the best outcome for affected users.

Frax is preparing to introduce a governance proposal focused on supporting Aave markets through a structured, incentive-aligned framework. **Key Points:** - The proposal aims to create mutual benefits as Frax assets expand within Aave's ecosystem - Details of the incentive structure will be outlined in the upcoming governance vote - This follows Aave's broader strategy to position itself as core global financial infrastructure The initiative represents a collaborative approach between the two DeFi protocols, with Frax seeking community input on how to best integrate and support its assets on Aave's lending platform.

**Boardwalk**, a new token launchpad, is set to launch on Fraxtal. The platform will enable projects to raise funds and distribute tokens on the Fraxtal network. This addition expands the ecosystem's infrastructure for new project launches. - New launchpad platform for Fraxtal ecosystem - Will facilitate token launches and fundraising - Launch timeline marked as "coming soon" Fraxtal continues building out its DeFi infrastructure with this latest addition to its growing ecosystem.

Etherscan has launched a new cross-chain transactions page, where **Fraxtal ranks #7** with over **$1 million in inflows** within 24 hours. Fraxtal's hub-and-spoke architecture positions it as a **central liquidity hub**, enabling users to hold high-performance assets across **20+ chains**. This design facilitates seamless cross-chain asset movement and liquidity distribution. The ranking demonstrates growing adoption of Fraxtal's infrastructure for multi-chain asset management.

The frxUSD stablecoin has reached a milestone of over 1,000 transactions on EtherFi's platform. **Key Updates:** - Week 3 rewards have been distributed to participants - 12 hours remain to qualify for Week 4 rewards - Users earn rewards by selecting frxUSD as their default stablecoin for spending on EtherFi The program continues to attract participants, with an increasing number of winners each week. Users can still join the rewards program by making transactions with frxUSD on the [EtherFi platform](https://ether.fi).

**Frax founder and CEO Sam Kazemian will speak at ETHConf 2026 in New York City.** The presentation will focus on: - How DeFi protocols can work together to bring the world onchain securely - Frax's role through its **frxUSD stablecoin infrastructure** - Bridging DeFi and traditional finance as Ethereum enters its institutional era The event takes place in NYC, with Kazemian emphasizing the importance of collaborative efforts in the DeFi space.

**Frax has resumed cross-chain transfers** after confirming the safety of its security setup following a LayerZero review. **Key Points:** - Cross-chain transfers are now operational after a precautionary pause - LayerZero provided a root cause analysis that confirmed Frax's 3/3 DVN (Decentralized Verifier Network) setup remains secure - All Frax assets stayed safe during the pause, maintaining the protocol's 5+ year security track record **Timeline:** - The pause was implemented as a precautionary measure while LayerZero conducted its security review - Frax was not directly affected by the recent rsETH exploit - Transfers resumed only after receiving and reviewing LayerZero's analysis

A new proposal from Piku DAO suggests establishing a frxUSD/USP PegKeeper pool on Curve Finance. The initiative aims to bootstrap liquidity for the pool, with Frax expressing support for the opportunity to contribute to Piku's growth through productive liquidity expansion. **Key Points:** - Proposal focuses on creating a PegKeeper pool pairing frxUSD with USP - Pool would be deployed on Curve Finance - Frax team has indicated support for the initiative - Aims to drive productive liquidity growth for Piku This proposal comes as frxUSD continues expanding its PegKeeper ecosystem, which recently crossed $50M in total TVL with over 20 protocols choosing to pair with frxUSD.

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)

**BRZ**, the Brazilian real-backed stablecoin from Transfero Group, has launched a new liquidity pool paired with frxUSD on [Curve Finance](https://curve.fi) on the Polygon network. **Key Details:** - BRZ maintains over $300M in total value locked (TVL) - Ranks as the 26th-largest stablecoin according to [DeFiLlama](https://defillama.com) - Fully backed by Brazilian real reserves - New pairing enables efficient swaps between BRZ and frxUSD This integration expands liquidity options for Brazilian real exposure in DeFi while connecting to Frax's stablecoin ecosystem on Polygon's low-fee network.