Frax

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 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 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, 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** 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.*

Frax Finance has expanded its Layer 2 staking capabilities for sfrxETH, their highest-yielding Liquid Staking Token. - Now available on **Arbitrum** and **Optimism** - Coming soon to **Fraxtal**, their fastest-growing L2 network - Integration powered by Chainlink's CCIP technology This expansion follows Fraxtal's recent launch as an Optimistic L2 solution, offering blockspace incentives to users.

**Devcon Bangkok Countdown: One Month to Go!** - Frax team will be present at Devcon Bangkok from Nov 9-11 - Event hosted at [REDACTED], presented by NEAR Protocol - Frax and NEAR emphasize their commitment to decentralization In a world trending towards centralization, Frax and NEAR Protocol are taking a stand for decentralized principles. This collaboration at Devcon Bangkok showcases their shared vision for the future of blockchain technology. **Mark your calendars** and prepare to engage with the Frax team at this significant event in the crypto calendar.

Fraxtal, part of the OP Superchain, is rewarding its super users with an $OP airdrop from Optimism. Eligibility can be checked at app.optimism.io/airdrops/52/. - Fraxtal offers a unique 3-for-1 reward system: 1. FXTL (via Flox blockspace incentive) 2. FXS (existing incentives) 3. OP (new airdrop) - Users who didn't meet the 20-contract criteria for this airdrop will have future opportunities. - Fraxtal is focused on long-term growth and building a community of DeFi super users. **Security Note**: Be cautious of phishing scams. Only use official Fraxtal channels for information and links.

Frax has introduced a streamlined biweekly newsletter to keep the community informed about the latest developments in the Frax ecosystem. The newsletter covers: - Events - Governance updates - New partnerships - Technical advancements This initiative comes as Fraxtal, a key component of the Frax ecosystem, continues to gain traction. To stay updated with the latest Frax alpha: 1. Visit: https://news.frax.com/p/frax-finance-biweekly-project-update-a22 2. Subscribe to the newsletter *Stay informed and engaged with Frax's ongoing progress.*

dTRINITY maintains its position as a leading project on Fraxtal, one of the top 13 Layer 2 solutions with rapid growth. The project's success stems from: - Winning a recent hackathon - Partnerships with prominent DeFi protocols Fraxtal is positioning itself as a 'DeFi nation', inviting developers to contribute to its ecosystem. *Note: This update reiterates previous announcements, indicating ongoing progress rather than new developments.* **Interested in building on Fraxtal?** Reach out to explore opportunities in this growing Layer 2 environment.