What We Did
Events / Media
[Trading Strategy] Frax’s Sean Kelley joined Trading Strategy to discuss how Frax.com is rebuilding its stack around a fully backed, yield-forwarding digital dollar. Watch the interview.
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
[Alto] frxUSD went live on Alto as collateral for minting DUSD, accompanied by a promotional 0% interest rate.
[Avant Protocol] Avant Protocol selected frxUSD as its default stablecoin pair and processed more than $25 million in volume from $500,000 in TVL.
[Etherscan] Fraxtal mainnet and testnet gained support across Etherscan’s new AI tools, including MCP, CLI, Skills, and agent-ready API documentation.
[Jumper / Stake DAO] frxUSD became available through Jumper Earn via a Stake DAO-curated Morpho vault that lends frxUSD to users looping frxUSD PegKeeper Curve Finance LP tokens.
[Robinhood] frxUSD launched as the first stablecoin pool on Robinhood Crypto.
[Somnia] Somnia’s native stablecoin, USDso, is powered by Frax and draws on frxUSD’s institutional reserves to support applications and users across the Somnia Network.
[Superstate] Frax announced a partnership with Superstate combining tokenized Treasury infrastructure with frxUSD and FraxNet’s DeFi-native distribution.
[Tangent] frxUSD PegKeepers with projects such as Tangent forward reserve yield into liquidity pools, allowing LP returns to scale with pool size.
[United Founders Group] United Founders Group selected sfrxETH as the core asset for Treasury v2 within its DeFi Innovation Platform on Robinhood Chain.
[USDai] A new frxUSD PegKeeper pool launched on Curve Finance, pairing frxUSD with sUSDai, USDai’s yield-bearing synthetic dollar backed by AI infrastructure credit.
[Vetro / Uniswap] The frxUSD/VUSD pool on Uniswap ranked as the highest-yielding stablecoin pair on Vetro’s board, offering up to 65% APR through Merkl.
Tech
[FraxNet]
Soft-launched Bitcoin smart-wallet support with email notifications.
Advanced FraxNet’s KYC Lite flow and user-interface revamp.
[Multichain / LayerZero]
Deployed MintRedeemHop on Somnia and Robinhood and advanced development of MintRedeemForHop.
Added Robinhood to the Frax LayerZero mesh.
Refactored the FraxOFT implementation to resolve contract code-size constraints
[Other]
Expanded the AI Audit Registry and conducted AI-assisted audits of Frax contracts using Fable 5.1 and Astra.
Reworked Ponder indexing and the EtherFi rewards script.
Other
[Frax Force - Onchain Cash] Frax Force highlighted the gap between crypto adoption and education: nearly 90% of students and parents want crypto taught at college, while only 28% of accredited U.S. business schools offer blockchain courses. Students at Ewha Womans University also received a practical introduction to stablecoins ranging from frxUSD to KRWQ, Korea’s onchain won built on Frax infrastructure. 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.