What We Did
Events / Media
[Ethereum Stablecoin Summit / Money2020] Frax announced it would co-host the Ethereum Stablecoin Summit with Optimism and the Ethereum Foundation during Money2020 Las Vegas. Frax founder and CEO Sam Kazemian took the stage for “Rebundling of Finance”, discussing how Frax and stablecoins are reshaping financial markets. Sam also shared the summit announcement and speaking announcement.
[The Rollup / Gearbox] Sean Kelley, Frax’s VP of Partnerships and Communications, joined The Rollup to discuss Frax’s partnership with Gearbox and the use of frxUSD to enable RWA leverage. Watch the interview.
[TOKEN2049 / The Rollup] Frax shared the full recording of Sam Kazemian’s “The Great Unbundling of Finance” keynote on the MEXC Stage at TOKEN2049. The talk covered FraxNet as a runtime neobank with an app store, one identity across financial applications, and an AI-friendly design, also highlighted in Frax Force’s recap. Sam also joined The Rollup live at TOKEN2049. Watch the interview.
[TokenizeCon / Money2020] Sam Kazemian was scheduled to speak at TokenizeCon during Money2020, presenting “Stablecoins: Past, Present, and Future” on the Tokenize Main Stage.
Governance
Note: This section excludes votes that did not reach quorum and includes only ongoing or completed votes.
None during this reporting period.
Partnerships / External Integrations
[Aerodrome] Frax announced plans to migrate some frxETH and FRAX protocol-owned liquidity to Aerodrome ahead of its launch, and later congratulated the team on a smooth launch.
[Aerodrome / DFB / Base] Frax launched onchain FX markets on Base with Aerodrome and DFB, pairing six local-currency stablecoins against frxUSD: BRZ, CADD, tGBP, IDRX, ZARP, and AUDF.
[Alandale / Robinhood Chain] Alandale adopted Frax’s rewards-sharing model to build protocol-owned liquidity, with frxUSD/USDG and frxUSD/SPY pools live on Robinhood Chain.
[AmpliFi / Robinhood Chain] Frax began exploring a collaboration with AmpliFi to bring leverage trading for long-tail assets and prediction markets into FraxNet, powered by frxUSD liquidity.
[Arrow Finance / Fables / Robinhood Chain] Frax and Arrow Finance reinstated rewards on the frxUSD/aUSD pool on Fables, with liquidity providers earning frxUSD and aUSD rewards. Frax also highlighted frxUSD’s role as a default stablecoin on Fables, alongside existing aUSD, eUSD, and SFI markets, with more pairs planned. Explore the frxUSD/aUSD pool.
[Giga / Robinhood Chain] Frax and Giga continued expanding frxUSD liquidity on Robinhood Chain, starting with SPY, NVDA, and SGOV pairs. Sean Kelley was also scheduled to discuss the collaboration.
[USDai / Re7 Labs / Morpho] The Frax USDai Ecosystem Vault on Morpho subsequently reported more than 14% APY. Curated by Re7 Labs, the vault lends frxUSD against USDai’s sUSDai collateral. Explore the Morpho vault.
Tech
[Other]
Rift integration
Misc UI and doc fixes
Continued audit work.
Advanced the economic design of Click-perps.
Continued development of the Felix app and Telegram bot.
Other
[Frax Force - Onchain Cash] Frax Force highlighted four Frax vaults spanning AI-correlated yield, Brazilian FX rates, and one-click RWA leverage, and invited the community to share posts about them as part of a campaign. Watch the episode.
[Frax Force - Onchain Cash] Frax Force examined the GENIUS Act’s framework for payment stablecoins, including its January 18, 2027 effective date and requirements for backing, redemption, and risk management. The episode also discussed frxUSD’s reserve backing and fiat redemption model. Watch the episode.
About Frax
At Frax, we’re building the world’s most scalable stablecoin infrastructure for the next generation of finance.
You can see a more detailed overview here.
Legal Disclaimers
This announcement is not intended to provide financial, legal, or investment or other advice and we recommend that you do not rely on, and do not make any financial or other decision based on this announcement. It has been written and published by members of the Frax team and provides no guarantee, commitment, or undertaking to utilize any Frax-related funds, assets, properties, or personnel. Frax does not owe, and does not intend to assume, any duties or obligations to Frax users or participants. The Frax community (namely veFXS holders) may decide, through voting mechanisms, to direct the protocol in an entirely different direction than that of the team, and the latter would be obligated to follow said vote(s).
To the maximum extent permitted by applicable law, all software relating to Frax is being provided on an as-is, where-is basis, with no representations or warranties being made to Frax participants and with no liability to the Frax protocol or any other person involved in the development of Frax. The statements set forth in this announcement also are not intended to be warranties, representations, guarantees, or assumptions of duty or liability of any kind. The protocol will not be liable for any damages arising from its use or misuse.
The forward-looking statements in this announcement are subject to numerous assumptions, uncertainties, and risks which are subject to change over time. Such assumptions, risks and uncertainties could cause actual results or developments to differ materially from the results and developments anticipated by us. Even if anticipated results and developments are realized, such results and developments may nevertheless fail to achieve any or all of the expected benefits anticipated by this announcement.