What We Did
Events / Media
[Token 2049 - Dubai, UAE - April 30th - May 1st] CoFounder Sam Kazemian will speak.
Governance
Note: Does not include votes that did not meet quorum. Also, only ongoing and completed votes.
None for past 2 weeks.
Partnerships / External Integrations
[Goverland] Frax Finance was integrated on the Goverland. This will allow users to seamlessly discover, follow, and influence any proposal on Frax Finance governance forum through the Goverland app.
Tech
[Flox / FXTL] Work on FloxConverter as well as FloxCapacitor.
[Fraxlend] Wind down old pairs. Leverage feature UI almost done.
[LayerZero / Multichain] Zellic has began a routine audit of Frax’s L0 setup. Also working on Hopper feature to streamline LZ movements. Gasolina API. Prep for Monad, MegaEth, and plasma.to.
[North Star] Fork planned for April 29th (12 pm - 2 pm PST). Successfully tested on Holesky/Fraxtal Testnet as well as Tenderly test L1/L2 forks.
[sfrxUSD] You can now stake and unstake frxUSD to/from sfrxUSD directly from Sonic, with more chains coming soon.
Others
[Team Expansion] Vince Dowdle, Co-founder of Kado and ex-MasterCard BD, joined the Frax Finance team as the VP of Strategic Initiatives and Alliances. Vince will build out our institutional relationships and prepare to get our US payment stablecoin charter for frxUSD.
About Frax
Frax currently issues 3 stablecoins: frxUSD, FPI, and frxETH, along with numerous other non-stablecoin tokens. There are also multiple contract groups or "subprotocols" within it that integrate these tokens to provide utility and stability.
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.