Frax

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.

Convex, a platform for earning trading fees from Curve Finance pools, has added support for Curve pools on the Fraxtal chain. This makes Fraxtal the third sidechain supported by Convex, after Arbitrum and Polygon. The Frax Protocol introduced the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically, with Frax being the world's first fractional-algorithmic stablecoin.

Frax Finance, the world's first fractional-algorithmic stablecoin protocol, has announced its participation in the Llama Race initiative aimed at the endgame for the Curve ecosystem. Frax Finance introduced the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.

Frax Finance, the pioneering fractional-algorithmic stablecoin protocol, has released a comprehensive roadmap outlining its plans for the next few years. Key highlights include targeting over $100 billion in Fraxtal TVL by the end of 2026, launching 23 officially provided Layer 3 solutions within the next year, and potentially introducing new assets like frxNEAR, frxTIA, and frxMetis in 2023. Additionally, the protocol aims to allocate 50% of its revenue to veFXS holders and use the remaining 50% for buybacks of FXS and other Frax assets.

Frax Finance has announced its Singularity Proposal, outlining key developments for the protocol. Highlights include generating $45 million to achieve an effective 100% collateralization ratio, reactivating fees for veFXS holders, establishing the FXS Liquidity Engine as a central hub for Frax assets, implementing a 50% cap rate for sFRAX, and targeting a $100 billion Fraxtal total value locked by 2026.

Frax Finance has announced the listing of a new protocol cover for Fraxlend, a lending platform for the FRAX stablecoin. Staking pool managers within the Mutual have opened up $1.2 million in open cover capacity for Fraxlend. This move aims to provide borrowing and lending services for FRAX token holders.

Frax Finance, the world's first fractional-algorithmic stablecoin protocol, has announced a strategic partnership with NEAR Protocol, a leading decentralized application platform. This collaboration aims to bring natively issued Frax-assets, including sFRAX and sfrxETH, to power NEAR's DeFi ecosystem and provide yields, incentives, and deep liquidity. Additionally, the partnership involves the development of a frxNEAR LSD system and the integration of NEAR's decentralized autonomous organization (DAO) into Fraxtal. This comprehensive partnership spans multiple layers of the technology stack, marking a significant milestone for both projects.

The Frax Protocol has announced the launch of the first Fraxswap gauges with incentives on the Fraxtal platform. These gauges will allow users to trade, provide liquidity, and earn rewards at low fees. Additionally, Curve Finance gauges are expected to follow soon. The launch marks the beginning of liquidity and yield incentives for the Frax community, which is centered around the world's first fractional-algorithmic stablecoin.

Frax Finance, the protocol behind the world's first fractional-algorithmic stablecoin, has announced incentives for liquidity providers. Users who provide liquidity will be eligible for bribes, accumulate FXTL points, and receive bonus FXTL for depositing Frax family tokens. This move aims to increase liquidity and promote the adoption of the Frax ecosystem.