Frax
Frax is the world’s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
Integrations
Frax Finance introduces Liquid Staking with Asymmetry flagship afETH
Thu 8th Feb 2024
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 Announces Interchain Token Service with Fraxtal Support
Thu 8th Feb 2024
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.
Exclusive deep-dive into Frax v3 at unStable Summit by Frax Founder
Thu 8th Feb 2024
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 Announces 'A Fraxtal in Time'
Thu 8th Feb 2024
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!
$ARB Incentives Updated, $FRAX Yields Increased
Thu 8th Feb 2024
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.
FRAX/USDC Pair Offers Deep Liquidity and High APR on Horiza
Thu 8th Feb 2024
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 assets now available on Stably Ramp
Thu 8th Feb 2024
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.
Restaking limit for sfrxETH on KelpDAO is now 20% full
Thu 8th Feb 2024
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.
New $FXB auctions live on CurveFinance
Thu 25th Jan 2024
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 Goes Live
Mon 22nd Jan 2024
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.
