Frax

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.

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.