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.
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.
Frax Finance announced that United Founders Group is building a DeFi Innovation Platform on Robinhood Chain and has selected sfrxETH as the core asset for its Treasury v2, the platform's highest-performing ETH liquid staking token.
Frax Finance announced that frxUSD is now live on Alto Money as collateral to mint DUSD, with a 0% interest rate promo. Frax said Alto's strict risk framework assessed frxUSD as fully backed and institutional-grade, adding to the growing list of protocols choosing frxUSD.
Frax Finance announced that frxUSD now appears on Jumper Earn via a StakeDAO-curated vault. The vault lends frxUSD to loopers of frxUSD PegKeeper Curve Finance LP tokens on Morpho, making the strategy a one-click option on the Jumper app.
Frax Finance launched a new PegKeeper pool on Curve Finance in partnership with USDai, pairing frxUSD with sUSDai, a yield-bearing synthetic dollar backed by AI infrastructure credit. Frax said the pool grows the liquidity layer for DeFi and teased more developments with USDai. Deposits are open via the linked pool.
Frax Finance announced a partnership with Superstate, the tokenized Treasury infrastructure provider, to combine DeFi and TradFi. Superstate brings its tokenized Treasury infra onchain, while Frax extends its utility through frxUSD, FraxNet, and DeFi-native distribution.
Frax Finance announced that Fraxtal mainnet and testnet are now supported across the new Etherscan AI tools, available to builders at etherscan.io. The tools include MCP, CLI, Skills, and agent-ready API docs, giving onchain agents live, verifiable data directly from the block explorer.
Frax Finance highlighted that Avant Protocol has chosen frxUSD as its default stablecoin pair, processing $25M+ in volume from roughly $500K in TVL. Frax framed the result as real demand meeting capital-efficient, productive liquidity.
Frax Finance opened the FIP-451 governance vote to add Royco Protocol's SLP as an sfrxUSD strategy with up to $1M in frxUSD. If passed, frxUSD would become the default productive redemption liquidity for Royco's senior tranche.
Frax Finance announced that frxUSD is now paired with tmvUSDC via Term Labs V2, the next layer of fixed-rate DeFi. Term V2 introduces a peer-to-peer order book and atomic execution layer.
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Frax Finance launched a new frxUSD PegKeeper pool pairing frxUSD with Tori Finance's trUSD, a stablecoin backed by delta-neutral trading positions. The frxUSD/trUSD pool is live on Curve Finance.
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As part of the North Star update, the Frax Share (FXS) token was renamed to FRAX and designated the native gas token for the Fraxtal blockchain, replacing frxETH.
Frax launched frxUSD, a new USD-pegged stablecoin backed by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and tokenized by Securitize.
Frax's EVM-compatible Layer 2 rollup, built on the OP Stack, launched with select launch partners, later opening to the public.
The Frax DAO voted to move FRAX away from its algorithmic/fractional backing model toward full collateralization, a landmark governance decision following the 2022 Terra collapse.
Frax Ether, a dual-token ETH liquid staking system (frxETH, sfrxETH, and the Frax ETH Minter), went live in a soft community launch.
Launched the FPI stablecoin, the first stablecoin pegged to a basket of real-world consumer goods (US CPI-U) rather than the US dollar.
Frax launched V2, introducing AMO Controllers — autonomous monetary-policy tools that perform market operations while maintaining the stablecoin peg.
Frax Finance deployed the world's first fractional-algorithmic stablecoin, FRAX, on Ethereum mainnet on December 20, 2020 at 4 pm PST (December 21, 2020 at 0:00 UTC), introducing the FXS governance token.
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