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.
[FIP - 428] PASSED: The Frax North Star V2.0 Proposal will implement the upgrading of FXS, the Frax North Star Hardfork, the Tail Emission Plan, and the Flox Capacitor Boost.
[FIP - 429] PASSED: The proposal will establish joint incentivization for a Curve liquidity pool pairing Zivoe’s new vault token (zveUSD) with frxUSD, while also laying the groundwork for future collaboration between Frax and Zivoe.
Partnerships / External Integrations
[Ankr and Asphere] Frax Finance partnered with Ankr and Asphere to simplify launching a L3 chain on Fraxtal. This will allow any developer to effortlessly create a new Frax L3 by using the no-code interface to seamlessly customize and deploy their new chain.
[Nile Exchange] frxUSD/USDC, frxETH/ETH, and frxETH/CROAK on Linea went live on Nile Exchange, which will allow users to trade frxUSD and frxETH.
[Origin Protocol] Frax Finance, together with Origin Protocol launched a high-yield frxETH/OETH pool on Curve Finance with LST yield-boosted incentives.
[The Graph Protocol] Fraxtal blockchain went live on Subgraph Studio, which will allow developers building on Fraxtal to have fast access, reliable onchain data via Subgraphs to power their frontends.
Tech
[Flox / FXTL] Working on code for the Flox Capacitor and FXTL conversion contracts. Kaito Yapper board work.
[LayerZero / Multichain] Migrate / retire legacy liquidity. Movement / Aptos / Initia config tweaking.
[North Star] Test run hardfork on Holesky / Fraxtal Testnet nearly finished. Mainnet / Prod hardfork planned for April 28th.
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.