What We Did
Events / Media
None for past 2 weeks.
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
[Asymmetry] sfrxUSD is now supported as a borrowable asset against USDaf on Asymmetry starting at 0.5%.
[Catex] USDC/frxUSD and wFRAX/frxUSD farms are now available on Catex, a MetaDEX on Unichain.
[Crypto.com] Frax selected Crypto.com's Custody to provide custody and liquidity solutions for Frax’s stablecoins and staking assets to the institutions.
[Etherex] Multiple Frax-related farms are now available on Etherex on Linea.
[Falcon Finance] frxUSD/USDf Curve farm now available.
[Reserve Money] RZR/frxETH/scrvUSD pool was deployed on Curve Finance by the Reserve team. They will also acquire $sfrxETH and $FRAX in their treasury.
Tech
[Flox / FXTL] Certora audit completed. Will roll out FXTL conversions, and will need to do minor UI work for staking / showing weekly FXTL conversions. Also Kaito / Yapperboard and sdUSD/sfrxUSD farm work.
[FraxNet] RemoteCustodian work. Gas optimization, CCTP, and Beacon work.
[frxUSD / sfrxUSD] V2: GENIUS compliance upgrade completed (per FIP-430). V3: ERC-1271/3009 support to be audited by Zellic on September 9th.
[Multichain / LayerZero] Review OFT v1.1.0 upgrade. Other OFT and DVN work.
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.