Frax

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.

Frax Finance, the protocol behind the world's first fractional-algorithmic stablecoin, is set to issue its native assets on Fantom's Sonic platform. This move will allow users to access and integrate Frax's growing list of assets, including $FRAX, $frxETH, $FPI, $FXS, and more, within the Fantom ecosystem. The integration is expected to further enhance the yield opportunities and decentralized finance (DeFi) capabilities for users on both platforms.

Fraxtal, a layer built on top of Optimism, has announced that all projects deployed on its platform are eligible for Retro Funding from Optimism. Developers building and deploying on Fraxtal can earn FXTL points, FXS liquidity incentives, Frax Finance grants and support, as well as Optimism's Retro Funding. This multi-layered incentive structure aims to attract builders to the Fraxtal ecosystem, which is part of the Superchain initiative alongside projects like Base, Lisk, Redstone, ZORA, and Mode. The Superchain allows deploying to one platform to effectively deploy across all participating networks, offering a range of perks and features for developers.

Frax Finance, the protocol behind the world's first fractional-algorithmic stablecoin, has distributed over 5.4 million FXTL points to liquidity providers on the Fraxtal chain. The points were airdropped directly to wallets, rewarding users for interacting with the protocol. This move highlights Frax's innovative approach, where users are incentivized for their participation on the chain.

Frax Finance, the team behind the world's first fractional-algorithmic stablecoin, has deployed the Leviathan Points contract ($SQUID) on their Fraxtal platform. This deployment has triggered a rush among the community to gain eligibility for the contract, which is likely related to rewards or incentives. The Frax Protocol is known for its innovative approach of combining collateral backing and algorithmic stabilization for its cryptocurrency.