What We Did
Events / Media
[Leviathan News] Co-Founder Sam Kazemian was hosted by Leviathan News on X, where he discussed the future of DeFi, onchain AI, and FRAX. The full podcast can be listened to here.
[Vision Roadmap] Sam was also hosted by Flywheel DeFi where he revealed the Frax Finance Visi¤n roadmap. A plan set in 3 phases, Sam introduced the token upgrades, AIVM, and becoming the MicroStrategy of ETH with Frax’s Crypto Strategic Reserve. The full podcast can be listened to here.
Governance
Note: Does not include votes that did not meet quorum. Also, only ongoing and completed votes.
[FIP - 416] PASSED: A proposal seeking liquidity support from Frax’s Curve AMO for a Fraxtal pool between FRAX and dTRINITY’s dUSD (FRAX/dUSD) was passed. The proposal will authorize the Frax AMO to allocate $2,000,000 in initial liquidity support for the FRAX/dUSD pool, with half in FRAX and half in dUSD.
Partnerships / External Integrations
[IQ] Frax Finance partnered with IQ to launch tokenized AI agents with IQ ATP on Fraxtal’s AIVM. The AI tech stack will allow AI agents to become fully autonomous with no single point of control.
[Portals] Portals was deployed on Fraxtal chain. Portals provide optimized Intent-driven any-asset swaps, one-click zaps in & out of yield opportunities and real-time & historical data via API. Users will be able to trade seamlessly on the Portals app here and integrate with Portals API to access vast data here.
[Resupply “Hippo”] Convex and Yearn introduced a new decentralized stablecoin protocol called Resupply. Supply crvUSD or frxUSD to Curve Lend or Fraxlend, and borrow reUSD. Rehypothecation = “re—hippo—thecation”. Link.
Tech
[BAMM] Redeployment and UI fixes. Liquidator updated. Preparing for rollout.
[Fraxlend] Liquidators for misc pairs. FUI borrow tab work. Testing Fraxlend leverage contract.
[frxETH V2] Redeployed contracts to Ethereum after Holesky testing. UI / API tweaks. Testing with live funds shortly.
[Full Vision Roadmap] The Frax Finance full Visi¤n roadmap was released in three parts; which covers
[FXTL / Flox] Velodrome farms. Received 495 L3 quest completions. Launched FNS quest.
[LayerZero] Testing OFT migration for frxUSD and sfrxUSD. Sonic / Ink deployments soon.
About Frax
Frax currently issues 3 stablecoins: FRAX, 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.