Frax

The decentralized finance protocol Burrow Finance has facilitated further integration and utility growth for the fractional-algorithmic stablecoin Frax on the NEAR Protocol blockchain. Frax, a pioneering stablecoin partially backed by collateral and partially stabilized through algorithmic mechanisms, continues to gain traction across various blockchain ecosystems.

BuildWithGrove, a prominent entity in the blockchain ecosystem, has announced its support for running and maintaining Fraxtal nodes. This move aims to enhance decentralization, provide additional developer resources, Remote Procedure Calls (RPCs), and infrastructure for the Fraxtal ecosystem. The integration of BuildWithGrove's services is expected to contribute to the growth and development of the Fraxtal network.

Frax has announced a partnership with Fjord Foundry aimed at projects launching on Fraxtal, Frax's modular Layer 2 chain. Projects that raise capital on Fjord to deploy on Fraxtal can receive extra benefits, points, and incentives for launching via Fjord's platform. Teams launching on Fraxtal through Fjord Foundry may earn FXTL points, FXS incentives, work directly with the Frax Core Team, and potentially receive follow-on investments from the Frax DAO. Their treasury can grow by holding investments in yielding assets like sFRAX and sfrxETH. The Frax Core Team and certain VCs have expressed interest in investing in projects launching via Fjord Foundry on Fraxtal. Frax is actively encouraging its ecosystem and community to raise and launch Fraxtal-based projects on Fjord Foundry, which is the first capital raising platform on Fraxtal.

Frax, the world's first fractional-algorithmic stablecoin protocol, has announced that its assets will be available on the Base decentralized exchange. Base Swap will be one of the first platforms to provide liquidity and yield opportunities for early Frax liquidity providers. This integration aims to expand the accessibility and utility of the Frax ecosystem.

The Frax Protocol, known for being the world's first fractional-algorithmic stablecoin, has announced a buyback program and a fee switch mechanism. These measures are expected to have a significant impact on the protocol's native token, FXS. While details are limited, the community is anticipating the potential benefits of these initiatives.

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.

Frax Finance, the protocol behind the world's first fractional-algorithmic stablecoin, has announced a partnership with Noble to natively issue Frax tokens on the Cosmos ecosystem. This move will allow Frax to expand its suite of decentralized stablecoins to the rapidly growing Cosmos ecosystem. Noble serves as the user experience layer for native asset issuance within the modular Cosmos ecosystem.

Frax, the world's first fractional-algorithmic stablecoin protocol, has announced its launch on the Blast blockchain. In partnership with Thruster and Hyperlock, Frax is offering bonus rewards for providing liquidity on sFRAX and sfrxETH, the first cross-chain yielding assets available on Blast. Users can earn triple points, double yield, and more rewards by participating as liquidity providers. This move expands Frax's presence across multiple blockchain networks.

Frax, the world's first fractional-algorithmic stablecoin, has officially launched on the Blast L2 network. In collaboration with Thruster Finance and Hyperlock Finance, Frax has introduced sFRAX and sfrxETH as the first cross-chain yielding assets available on Blast. Liquidity providers can earn triple points, double yield, and more rewards. Users can bridge their assets to the Blast network through the provided user interface.

Tellor, a decentralized oracle network, has announced its integration with Frax Finance, the world's first fractional-algorithmic stablecoin protocol. This deployment will enable Tellor to provide its decentralized data feeds to the Frax ecosystem, enhancing the protocol's functionality and security. The Frax Protocol combines collateral backing and algorithmic stabilization mechanisms to maintain a stable cryptocurrency value.