Frax

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.

Frax Finance has announced the launch of the Fraxtal Mainnet Bridge, allowing users to bridge tokens like ETH, FRAX, and frxETH to the Fraxtal Layer 2 network. Starting March 13th, Flox incentives will go live, rewarding users and contracts with $FXTL points for using Fraxtal. Additionally, there will be a significant airdrop of $FXTL points to veFXS stakers based on their balance as of March 6th. Various projects, including Curve Finance, Convex Finance, and LayerZero, will offer liquidity providing opportunities with incentives powered by Frax. The Fraxtal era has officially begun, marking a new phase for the Frax ecosystem.

The Pyth Network has released the FRAX/USD price feed, allowing smart contract developers on over 40 blockchains to access the decentralized USD-pegged stablecoin issued through the Frax Finance protocol.

Fraxtal, described as the most egalitarian rollup launch in crypto, aims to achieve ambitious M2 settlement goals that could potentially reshape society. It is considered a significant player in settling important assets in the 21st century.

The current sfrxETH APY for staking enjoyers is over 5%, surpassing major LSDs like stETH at 3.6%.

Thirdweb tools are now integrated with the S-tier Fraxtal chain, offering a fullstack suite of tools for building web3 apps. A startup program is available for developers providing credits and 1:1 time with solutions devs. More features tailored for Fraxtal developers are on the way.

Frax Finance is providing the highest yield and tightest peg in town, making it an ideal place to stake $FXS. Users can also participate in the Fraxtal airdrop. Stake now at StakeDAOHQ and Convergence_fi.

$frxETH by Frax Finance has surpassed $1 billion in Total Value Locked (TVL), offering a 40% higher yield than rETH and 25% higher yield than stETH since inception. Additionally, Fraxtal is set to launch next month, utilizing frxETH as gas, which is expected to boost sfrxETH yields continuously.

Frax Finance announces a new partnership with Beefy Finance offering an 80% APY on FRAX-sFRXETH pair on Optimism. The collaboration is expected to lead more users to Frax platform.