Frax

Sam Kazemian, the founder of Frax Finance, will be providing an exclusive presentation on Frax v3, fraxchain, and more at the upcoming unStable Summit in Denver. The event is 22 days away, promising insightful discussions on the future of Frax.

Frax Finance announced 'A Fraxtal in Time' to celebrate the launch of their revolutionary rollup on March 1st. Limited edition merch will be available. Stay tuned for more details!

Frax Finance announced that the incentives for $ARB have been updated, with a 25% increase this week. The company also highlighted the attractive yields for $FRAX. Additionally, Frax Finance mentioned the STIP double-dip feature.

According to a tweet by Frax Finance, the FRAX/USDC pair currently offers the deepest pool on Horiza and has a high Annual Percentage Rate (APR). Users are encouraged to provide liquidity for FRAX on Horiza to take advantage of this opportunity.

Frax Finance has announced that several of its assets, including FRAX, FXS, cvxFXS, FPI, FPIS, frxETH, and sfrxETH, are now available on Stably Ramp. Users can trade these assets with transaction fees as low as 0.5%. The assets are available in over 170 countries/regions, except the US, and can be bought with Visa and Mastercard. SWIFT sell option coming soon.

The restaking limit for sfrxETH on KelpDAO has reached 20% capacity. The EigenLayer unpause has been delayed until February 5th, giving users a few more days to participate and earn multiple airdrops.

Users can now participate in new sets of $FXB auctions on both Arbitrum and mainnet CurveFinance. The auctions include $FXB Curve pool and farms.

FRAX v3's FXB module has gone live, completing the FRAX v3 design and all new feature deployment. FXBs are decentralized utility tokens that convert into 1 FRAX stablecoin when they mature. The initial launch includes 3 FXBs with different maturity dates. FXBs can be bought onchain using a gradual Dutch auction mechanism. They are a way to buy future FRAX stablecoins at a discount today. FXBs have various use cases in the Frax ecosystem, including pools and leverage pairs.

sfrxETH is already being added to liquid restaking protocols/tokens (LRTs) ahead of Eigenlayer integration on Jan 29th. Kelp DAO is the first LRT integration and users can restake with them directly on Jan 29th in addition to directly with Eigenlayer.

Frax has announced a partnership with Axelar to support the issuance of Frax-assets on multiple chains, including Osmosis, 0xMantle, LineaBuild, TeamKujira, MantaNetwork, and Scroll_ZKP. This collaboration aims to bring the great yields and stability that Frax is known for to these chains. The partnership is powered by Axelar.