Frax Finance

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

Frax Nation is buzzing with activity as Fraxtal continues to gain momentum.

We've streamlined biweekly updates on events, governance, partnerships, and tech into a convenient newsletter.

Discover the latest Frax alpha here and subscribe to stay updated:
https://news.frax.com/p/frax-finance-biweekly-project-update-a22