What We Did
Events / Media
[Lithos] Sean Kelley from Frax.com joined the Plasma Round Table 2 spaces by Lithos to discuss about yield-bearing stablecoins, and their role in the Plasma ecosystem. Link.
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
[Concrete] sfrxETH was integrated into Concrete’s vault, which will allow sfrxETH holders to access diversified staking and liquidity strategies with seamless allocation, automated rebalancing, and transparent reporting.
[Enjoyoors] sfrxETH and sfrxUSD were integrated on the Enjoyoors’ vault. Users can deposit their sfrxETH and sfrxUSD into the vault and earn extra rewards.
[Falcon Finance] The frxUSD/USDf liquidity pool was deployed on Curve Finance.
[Hermes] Fraxtal chain is now supported on the Hermes platform, a DeFi unified liquidity hub. This will allow users to swap and bridge into high performance DeFi assets in one click.
[Parallel Protocol] The USDp/frxUSD pool on Curve Finance on Sonic is now supported. The pool is also boosted by StakeDAO and integrated into its VoteMarket to bribe veCRV holders, maximizing yield opportunities for LPs.
[Sushiswap] frxUSD/sfrxUSD and frxUSD/AUSD pools were created on the Katana network’s Sushiswap.
Tech
[Flox / FXTL] UI for FXTL point conversion and staking is undergoing final review. More work on their docs. cvxFXS / sdFXS points redistribution script work. Final conversion contracts work. Yapperboard FXTL points docs released.
[FraxNet] Work on WTGXX sweep/shuffle for idle funds. Branded stablecoin work. EU KYC and wire/ACH work, including UI for it. Ink + Plume CCTPV2 integration. Remote custodian tweaks. Fraxtal’s Hoodi testnet was launched, and Fraxtal’s Holesky Testnet will sunset on Fri, Oct 17, 2025.
[Multichain / LayerZero] HopV2 refactor. Mintable lockbox upgrades. Tron / Plasma work. Possibly megaETH and monadETH support. Gasolina API hook.
Other
[Frax Force] Voices at the Frontline part 2. Link.
[Chaos Labs] A comprehensive assessment of frxUSD token was conducted by Chaos Labs. Link.
[The Rollup] Thomas Cowan, Head of Tokenization at Galaxy, discusses the future of stablecoins and the evolution of regulations on the episode 4 of The Rollup “Stabled Up,” presented by Frax. 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.