Frax

The Frax Protocol has announced a new initiative to incentivize Layer 3 (L3) teams to launch their projects on Fraxtal, the protocol's Layer 2 scaling solution. L3 teams that join the Superchain Collective and launch on Fraxtal will be eligible to earn direct rewards in the form of $FXTL and $FXS tokens, as well as additional perks from the OP Superchain. This move aims to attract more projects to the Fraxtal ecosystem and further expand the capabilities of the Frax Protocol.

A detailed analysis has been published exploring the potential outcomes of the $FXTL points airdrop by the Frax Protocol. The analysis delves into multiple scenarios and is being recommended as a highly informative read for those interested in understanding the implications of this airdrop.

Frax, the world's first fractional-algorithmic stablecoin, is set to launch on OKX's new zk-rollup Layer 2 network, XLayer. Frax assets will be available from day one, powering decentralized finance (DeFi) and yield opportunities on the network. This follows recent integrations of Frax on the Metis and Base Layer 2 networks, as the protocol continues its expansion across various Layer 2 ecosystems.

The Frax Protocol, known for introducing the world's first fractional-algorithmic stablecoin, has announced the upcoming FraxtalBuild event scheduled for May. This event promises substantial prizes, investments, and rewards worth millions. Further details are expected to be revealed soon.

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.