Frax Finance

1/ Stablecoins just went mainstream – and Frax is at the center of it.

Here’s what happened at the world’s largest crypto conference, and why policymakers are backing the future of digital dollars 🧵

1/ Frax is entering a new era. We're building the first Stablecoin OS, a unified vision for better money and the network it settles on.

Trillions of dollars are coming onchain through stablecoins. We intend to capture it.

To tell this story, we've created a new X account: @frax

1/ sfrxUSD-scUSD Market Live on @SiloFinance 🏦

Generously bootstrapped with $3M scUSD by @rings_protocol, early movers on @SonicLabs get rewarded.

Deposit sfrxUSD here: https://v2.silo.finance/markets/sonic/sfrxusd-scusd-48?action=deposit

Frax is excited to welcome @vince_dowdle as our new VP of Strategic Initiatives & Alliances as we build out our institutional relationships & prepare to get our US payment stablecoin charter for frxUSD. Reach out to build the future of finance together! 🤝 https://www.prnewswire.com/news-releases/mastercard--startup-exec-joins-frax-to-spearhead-institutional-strategy-302424857.html

Some of you have yet to claim your @SwapXfi airdrop 🧐

Well, now you have no excuse. The team at SwapX is covering your $S gas fees ⛽

Claim your airdrop and help accelerate Frax asset adoption on @SonicLabs by voting for our pools!

1/ frxUSD Goes Crosschain 🌐

frxUSD combines institutional backing with top DeFi yields for unmatched utility.

Thanks to our partnership with @LayerZero_Core the best of both worlds is now available on many new chains with:
⚡️ near-instant transfers
⚖️ 1:1 rates

Learn more👇

1/ Our top L2 Fraxtal is now available on @zapper_fi!

Your go-to DeFi apps and tokens are now just a click away.

Ready to explore Fraxtal? Get started: https://zapper.xyz/network/frax

Learn more👇

New governance proposal was just posted 👀 🇺🇸 @worldlibertyfi

https://gov.frax.finance/t/temp-check-invest-5m-in-wlfi-to-begin-a-strategic-partnership-with-follow-on-investment-for-10m-total/3591

Frax founders @samkazemian & @travismo123 will be attending the Inaugural Crypto Ball to honor the beginning of President @realDonaldTrump's pro-crypto administration.

Frax has always been pro-US innovation from day 1, supporting & donating to numerous US crypto organizations from @standwithcrypto & @coincenter. We're excited to do our part in making the USA the crypto capital of the world! 🇺🇸

1/ The proposals for frxUSD to be backed by @superstatefunds, FIP-420 and FIP-421, have passed! 🥳

Our upgraded stablecoin, frxUSD will now be backed by the power of Superstate USCC and USTB 💪

Learn more below 👇

FIP #421 is live! The proposal furthers Frax USD's @Superstatefunds partnership allowing redeemability with $USTB (tbills) backing the frxUSD stablecoin creating an institutional-grade fiat on/off ramp for deep utility in real-world apps & payment systems. 🤝

Vote UI:

FIP #420 for adding $USCC to the new Frax USD stablecoin is now live for voting by $FXS holders. This strategic partnership allows for @rleshner’s @Superstatefunds RWA entity to mint-redeem frxUSD using their proprietary carry-trade system 🚀

https://snapshot.box/#/s:frax.eth/proposal/0x26eec3914a507c3c8f3ed20a254a7c8ae85dc0136a765f4ea6148450d861fad9

1/ Frax x @Symbioticfi

Last week, we released our Vision Roadmap. Our community was very excited about this diagram showing all the rewards that staking FRAX will offer.

Here's a highlight of one of the strategic partners making Fraxtal's future possible: @symbioticfi

1/ Thousands have already completed the @layer3xyz "Introduction to Fraxtal Network" Quest.

For those who haven't completed it yet, you don't want to miss out!

Get started here: https://app.layer3.xyz/quests/introduction-to-fraxtal-network

Here's a sneak peek at what's inside👇

1/ Frax is primarily used by DeFi power users & our UI reflects that. However, to onboard the next billion crypto users it’s time to simplify.

Today we unveil our roadmap for ¤UI, our Universal Interface. Experience the best of DeFi: Swap, Buy, Earn in a few clicks. Coming on 🎄

1/ As part of our positive-sum approach to working with the top teams in DeFi, @ethena_labs is landing on our L2 Fraxtal.

Deposit USDe/sUSDe today on @CurveFinance: https://curve.fi/#/fraxtal

Learn more about this rewarding opportunity 👇

Fraxtal has now reached $200M TVL according to @l2beat 🚀

With current Fraxtal dapps gaining traction and new ones launching soon, we expect the next $100M to go fast.

If you want to build where DeFi super users transact, get in touch!

Starting is easy: https://mainnet.frax.com/tools/bridge

1/ Curve's LlamaLend lands on Fraxtal!

As part of our longstanding positive-sum partnership with the DeFi legends at Curve, LlamaLend is now on Fraxtal, our Top 14 L2, where DeFi super users transact.

Get started here: https://lend.curve.fi/#/fraxtal

@CurveFinance's native Llamalend deployment is officially live on Fraxtal! Some extremely juicy lend APRs+points for crvUSD lenders in multiple markets & great borrowing opportunities for sFRAX, sfrxETH, & FXS leveragooors soon 👀

Borrow+Lend at https://lend.curve.fi/#/fraxtal/

We're just one month away from Devcon Bangkok 🇹🇭

Catch the Frax team from Nov 9-11 at [REDACTED], presented by @NEARProtocol.

In an increasingly centralized world, Frax and NEAR choose to fight for