What We Did
Events / Media
[The Inaugural Crypto Ball] Frax Finance founders Sam Kazemian and Travis Moore attended The Inaugural Crypto Ball to honor the beginning of President Donald Trump's pro-crypto administration.
[Leviathan News] Sam was hosted by Leviathan News.
[The Defiant] Sam was hosted by The Defiant, where he talked about frxUSD and the Future of Stablecoins in DeFi. 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 - 422] PASSED: creation of a new Fraxlend pair on Ethereum mainnet: ynETH/FRAX.
[FIP - 423] PASSED: creation of a new Fraxlend pair on Ethereum mainnet: ynETH/frxETH.
Partnerships / External Integrations
[Delta Trade] Delta Trade, a multi-chain decentralized trading vault on NEAR, listed FRAX.
[dTRINITY] A stablecoin lending platform on Fraxtal, has reached $4M TVL.
[VNX] VNX, a leading European platform for tokenized assets deployed their VNX Euro (VEUR) and VNX Swiss Franc (VCHF) assets on the Fraxtal chain. Additionally, VEUR/FRAX and VCHF/FRAX liquidity pools were deployed on
Tech
[BAMM] Hard deadline on Jan 31, 2025.
[frxETH V2] frxETH V2 was launched, it will allow ETH validators to use their validators as collateral to borrow ETH, with up to 4x leverage (24 ETH borrow credit for every 32 ETH deposited as validators). Whitelisted validators can get up to 31 ETH credit per 32 ETH staked for even more leverage.
[frxUSD/sfrxUSD] Hard deadline on Jan 24, 2025 for Ethereum mainnet. Mid-February 2025 for Fraxtal.
[Universal Interface] The Frax Finance Universal Interface (FUI) was launched which will allow users to seamlessly swap, bridge, earn, and more.
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.