What We Did
Events / Media
[The Rollup TV] The $100 trillion stablecoin opportunity by Sam Kazemian. Link.
[Token2049] Sam Kazemian, co-founder Frax.com attended Token2049 and presented a special keynote on stablecoins and future of Frax. Link.
Governance
Note: Does not include votes that did not meet quorum. Also, only ongoing and completed votes.
[FIP - 435] PASSED: Proposal to allow the use of Stake DAO OnlyBoost for sfrxUSD Curve AMOs.
[TEMP-CHECK] PASSED: Proposal to develop a Project Progress Tracking Dashboard for Frax Finance–funded initiatives.
Partnerships / External Integrations
[Balance] frxUSD was integrated with Balance, Canada’s largest digital asset custodian.
[Euler Finance] frxUSD was deployed on Euler Finance. Users will be able to lend and borrow their frxUSD.
[Kaito] Frax.com partnered with Kaito to bring on Frax assets, using their advanced infra to provide routing and deeper liquidity.
[Molecula] Molecula collaborated with Frax Finance to allocate funds to sfrxUSD on the mUSD pool and earn mUSD.
[Tempo] Frax Finance collaborated with Tempo to bring the frxUSD infrastructure to their ecosystem.
Tech
[Flox / FXTL] UI and script work underway. FloxCAP boost helper contract. Will test FloxConverter soon with live FRAX test amounts. Yapperboard work.
[Fraxlend] Prepping for deployment on Stable’s stablechain.
[FraxNet] The FraxNet waitlist is now open. Finished audit for Frax0 mesh.
[frxUSD / sfrxUSD] Work on Branded Stablecoin.
[Multichain / LayerZero] FraxtalHop V2 contract work. RemoteCustodian for Scroll and Linea deployed. Hyperliquid RemoteHop deployed. TRON DVN work. Todo: add DVN for Aptos & Movement.
Other
[Frax Force Talk] Story from the Frontline with Anicieto. Link.
[LayerZero_Core] Frax LayerZero’s messages hit an all-time high, exceeding 6k over the past month, with $60M in value transferred.
[sfrxUSD] sfrxUSD is currently available on over 20 chains. Start earning by staking sfrxUSD on your desired chain.
[The Rollup TV] Tether's $500B valuation, Plasma mainnet and everything about stablecoins. Link.
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.