FRAX FINANCE BIWEEKLY PROJECT UPDATE - #29
Week ending 12/18/2025
What We Did
Events / Media
[Portals] Sean Kelley was hosted by Portals. He discussed Fraxtal, which was built for payment-grade throughput, as well as the Flox system, which incentivizes its usage. Link.
[The Rollup] Co-founder Sam Kazemian was hosted by The Rollup where they discussed Do Kwon’s 15 year prison sentence, the DTCC’s No Action statement for blockchain tokenization, the current bear market, Frax, Infinifi, and ChainOfThought. 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
[Bitget] FXS was upgraded to FRAX on the Bitget exchange.
[Deli Swap] Incentives for the frxUSD/wBLT pool went live on Deli Swap. Link .
[DEIN] Dein collaborated with Frax.com to use frxUSD as one of only three stablecoins as collateral on its platform for insurance policies. Link.
[KRWQ] KRWQ was integrated on FraxNet’s GENIUS-compatible network, establishing an institutional KRW–USD settlement rail for global investors. Link.
[Rarible] Frax partnered with Rarible to bring creator-owned marketplaces and curated drops to Fraxtal. This will make it possible for users to collect, trade, and launch Fraxtal NFTs seamlessly on Rarible, with FXTL points for every trade.
[Stable] Stable mainnet went live. frxUSD and sfrxUSD can now bridge to Stable mainnet via LayerZero and Stargate Finance.
Tech
[Flox / FXTL] Continued work on the (Frax)iversary / Anniversary ONFT (including ONFT review), coordination with Rarible regarding FXTL points, and AI audit work related to Fraxiversary. Completed IndividualCustodian.
[Fraxlend] Implemented Odos routing for the Fraxlend leverage router (ready for audit) and Odos liquidator routing for Fraxlend pairs; completed Stable Fraxlend deployment work and subgraph support (Goldsky); shipped UI live for frxUSD Fraxlend stable pairs and performed monitoring around the rollout.
[Fraxnet] Made misc sweep/draw Fraxnet changes.
[frxUSD] Revenue dashboard on Dune. Implemented multiple freezers / 3009 on Fraxtal + Ethereum with test coverage, and performed frxUSD freezing tests. Branded stablecoin work (initial build-out plus audit prep, including last-minute features/docs and unique coin keys/salts);
[Multichain / LayerZero] Completed multiple LayerZero / OFT / bridging tasks: Solana LZ config review fixes (e.g., removing Solana peers, bumping gas limits, verifying enforced options), OFT deployments (including Stable + Monad / prod on Monad), Solana freeze/thaw OFT script, Fraxtal↔Monad bridging tests for Frax OFTs, HopV2 testing and redeploy, RemoteVault upgradeability, attempted Plasma peer removal from Fraxtal (tx noted as pending), and extended frxUSDOFT → TIP20 for Tempo.
[Misc] Consolidated/ported bot code into rust-bots repo. Meeting with Persona to expand countries for KYC/KYB.
Other
[Frax Force] Open roundtable on Frax part 2. Link.
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.