FRAX FINANCE BIWEEKLY PROJECT UPDATE - #28
Week ending 11/27/2025
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 - 438] PASSED: Discontinues Native OFT Token issuance for specific chains that are either officially deprecated by their core teams or have exhibited prolonged inactivity and minimal user adoption.
[FIP - 439] PASSED: Amends FIP-434 by adding several new sfrxUSD yield strategies to the approved AMO whitelist.
[FIP - 440] PASSED: Updates the Frax North Star Proposal V2.1 (FIP - 428) and establishes a formal governance resolution to postpone FXTL point conversions until key ecosystem health milestones are achieved.
Partnerships / External Integrations
[Brale] Frax partnered with Brale to allow users to create their own stablecoin through Brale issuance. This partnership will make it possible for chains, apps, or fintechs to launch their native stablecoin via Brale issuance with frxUSD backing.
[Chaos Lab] frxUSD integrated Chaos Proof of Reserves for independent onchain monitoring and real-time reserve verification across all network deployments. Link.
[Metronome] msUSD was paired with frxUSD on Curve finance by Metronome. Link.
[Privacy Pools] frxUSD was deployed on the Privacy Pools, a DeFi primitive enabling private, compliant transactions on Ethereum.
Tech
[Flox / FXTL] IndividualCustodian work. Routine Flox maintenance.
[Fraxnet] Branded stablecoin work. KYC improvements
[Fraxlend] Stablenet Fraxlend deployment
[Multichain / LayerZero] HopV2 RemoteAdmin redeploy and testing. FrxUSD ERC-3009 work. LZ routine security analysis. Outdated peer and native bridge cleanup. LZ mesh review. Solana peer and gas limit fixes. Todo: Tron & Monad OFT deployment. RemoteHop on Stable and Plasma
Other
[Frax Force] Open roundtable on Frax part 1. Link.
[Frax Force] Stories from the Frontline part 5. Link.
[KRWQ] KRWQ, the first Korean won stablecoin on Base launched by Frax and IQ surpassed ₩1B in trading volume.
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.