Frax

Frax community members who are staking sfrxETH can now access 4x+ leverage on LSD yield through @protocol_fx. Explore this opportunity!

According to a community proposal by @fraxfinance, there are plans to distribute protocol revenue with $veFXS stakers. This initiative was highlighted by @samkazemian in a report by @godbole17.

Frax Finance, generating significant annual revenue, primarily stored in the treasury, prompts discussion among veFXS holders regarding redistributing the revenue to veFXS stakers. A decision is pending on whether to resume the distribution.

BrainDAO has staked a record $10,000,000 of ETH with Frax Ether. The DAO has a treasury of $26 million for funding new products such as IQ Code, the first AI for smart contracts.

Frax has officially partnered with Ethena Labs to assist in growing liquidity for their new USDe stablecoin. Users can provide liquidity to the FRAXUSDe Curve pool through the Ethena UI using Frax's special reference link for extra rewards and opportunities.

$FXTL will be positioned as a middle ground between $BLAST and $STRK.

Frax Finance retweeted that $sdFXS holders are eligible for an upcoming airdrop for (sdFXS-gauge holders).

The Frax community is buzzing with excitement as the Fraxtal launch takes place today. Many are securing their $FXS and expressing great enthusiasm, with one individual highlighting it as their largest position by a significant margin. The community is clearly hyped about this event!

Frax Finance has announced the upcoming launch of the Asymmetry flagship, afETH, which offers double-digit real yield through collaboration with Convex Finance and Eigenlayer. The Liquid Staking product is set to debut on February 20th, with further launch and airdrop details to follow.

Axelar has announced the Interchain Token Service with Fraxtal support from day one. The team at Axelar Network is recognized as one of the best and most capable launch partners.