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 - 414] PASSED: Supply Liquidity for Ionic Protocol on Fraxtal Market. This will authorize the lending AMO to deposit minted FRAX into the Supply Liquidity pool on Fraxtal, with a maximum authorized allocation of 2M FRAX to start.
Partnerships / External Integrations
[Axelar] Axelar Explorers Program went live and Frax Finance was the first launch partner which gave the Frax Finance users some opportunities to complete each season and earn AXL rewards on Axelar.
[Curve's LlamaLend] Curve's LlamaLend was integrated on Fraxtal with CRV, FXS, sFRAX, sfrxETH, and SQUID as Initial collateral assets. Users can use any of the assets as collateral to borrow and lend on Curve's LlamaLend.
[InceptionLRT] insfrxETH was integrated on the Fraxtal chain. Users can mint insfrxETH on InceptionLRT Platform, move it to Fraxtal chain, and explore LP on Curve to earn rewards with a 3x Totems boost.
[sfrxETH] Frax Finance yielding liquidity staking token, sfrxETH was integrated on Arbitrum and Optimism with the help of Chainlink CCIP. Users can stake their sfrxETH on Arbitrum and Optimism.
[Yei Finance] sfrxETH, a yield-bearing ETH LSD token was integrated on Yei Finance. Link to app.
[Zerion] Zerion was integrated on Fraxtal chain. Users will be able to access ERC20 tokens, track balance and positions, also check transaction history for Zerion wallets on Fraxtal.
Tech
[BAMM] Audit fuzzing and tweaks. BAMMWrapper, zaps, and arb. Delay due to audit correspondence / fixes. UI is ready to go.
[Flox / FXTL] Add Llamalend Convex and CurveUSD. Improve farm tracking script multithreading. Worked on Layer 3 proposal.
[Fraxlend] GRT/ENS/ETH+ pairs and liquidators deployed. Working on Fraxlend Leverage Router.
[frxBTC] Minor changes and testing. Focusing on BAMM and will come back once that is situated.
[frxETH V2] Seeded test validator on Mainnet with no issues. Misc small contract fixes based on feedback from test-in-prod Mainnet deployment. Redeployed on Holesky first. Will wrap up and re-deploy on Mainnet after changes are done. UI making good progress.
[Multichain] Swap and send contracts. Working on Movement chain integration.
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.