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
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.
sfrxETH being added to liquid restaking protocols/tokens
Thu 11th Jan 2024
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 partners with Axelar to expand issuance of Frax-assets
Mon 18th Dec 2023
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.
Frax community can now vote to restake with EigenLayer
Thu 2nd Nov 2023
All sfrxETH holders can now vote to indicate if they want to restake with EigenLayer. If enough sfrxETH holders vote to restake, EigenLayer will integrate Frax into their protocol.
Frax confirms resolution of domain routing incident
Thu 2nd Nov 2023
Frax has reached out and confirmed that their domains are now properly routed back to their nameservers and configuration. They will conduct a full investigation and provide an explanation of the incident in the near future.
Temporary Suspension of Use for .com and .net Domains
Thu 2nd Nov 2023
Users are advised to refrain from using .com and .net domains until further notice. Those with connections at @namedotcom are urged to contact them immediately.
sfrxETH debt cap raised on Prisma
Thu 26th Oct 2023
The debt cap for sfrxETH has been raised on Prisma.
Frax Receives $ARB STIP Grant from Arbitrum Community
Thu 26th Oct 2023
Frax has been approved as one of the top recipients of the $ARB STIP grants by the Arbitrum community. This approval opens up exciting opportunities for Frax partner protocols and users on Arbitrum in the near future.
Vote for Frax $ARB Grant Proposal on Arbitrum
Thu 19th Oct 2023
Frax is calling on all Fraximalists and Frax friends to vote for their $ARB grant proposal on Arbitrum. The grant will enable Frax to incentivize various pairs, including Fraxlend liquidity and partnership pools.
