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Frax Finance ¤⛓️¤
3,332 posts
Frax Finance ¤⛓️¤
@fraxfinance
¤ The Financial Engine of the Internet ¤ $FRAX (prev. $FXS)
For onchain DeFi → @fraxfinance
For strategic & institutional news → @frax
It’s time for the Fraxtal launch thread! The most important & consequential release since the dawn of Frax itself in 2020. Fraxtal testnet & mainnet are here for select launch partners! Frax.com will be the hub of Fraxtal documentation, L2 bridge UI, & other
- 1/ It's been four years since our launch, and we're proud to have championed decentralized stablecoin innovation since day one. As stablecoin adoption grows, we are making changes to unlock growth and onboard the next billion users to DeFi. This is our Visi¤n.
00:00 - A major historical event for Frax as we are live on Sphere this week to kick off an incredible week of firsts! #FRAXonSphere #SphereVegas @SphereVegas
00:00 - In exactly 24 hours from now the official March 6th snapshot will be taken for $FXTL points based on veFXS balances of stakers on Ethereum mainnet! $FXTL balances will be viewable on Fraxtal on the same address that staked veFXS. Partner protocols such as @ConvexFinance,
- 1/ Stablecoins just went mainstream – and Frax is at the center of it. Here’s what happened at the world’s largest crypto conference, and why policymakers are backing the future of digital dollars 🧵
- USDH Proposal Update We're establishing a Frax-led USDH Alliance with a federally regulated U.S. bank issuer. This bank is prepared to issue USDH if we are selected, with contracts under review. ✅ HyperCore-Ready ✅ Native Issuance ✅ GENIUS-Aligned ✅ 100% to Hyperliquid
- Our official partnership with @SushiSwap on @0xPolygon will be live soon! FRAX-FXS & FRAX-USDC pairs on Sushi L2 will be incentivized with delicious yield 😋 Bridge your tokens 2 L2 now to get ready for the golden age of FRAX gains 👨🌾 All praise to the master chefs 🙇🏻♂️ @0xMaki
- 1/ BlackRock 🤝 Frax @BlackRock, the world's largest asset manager, is proposing to become an enshrined custodian to power Frax USD $frxUSD fiat redeemability. Read the full proposal posted by BUIDL tokenization provider @Securitize here: gov.frax.finance/t/fip-4xx-buid… Learn more 👇
Securitize proposes adding BlackRock's BUIDL token as Frax USD stablecoin backing theblock.co/post/332112/se… - Hyper-performant chains deserve high-performance stablecoins. That's why we submitted a proposal to issue @HyperliquidX's stablecoin $USDH natively. 100% of the underlying yield to the HL community to keep building. When you build the best product, everyone wins. Hyperliquid.
- 1/ frxUSD is LIVE 🥳 Today we're launching our new flagship stablecoin $frxUSD, and savings yield $sfrxUSD, in partnership with @BlackRock and @SuperstateFunds. It's a new era, but we're still Frax. Here's what you need to know👇
00:00 - There’s only one stablecoin that started the fractional-algorithmic concept: $FRAX. The bitcoin of hybrid stablecoins. 💸 Remember these words when you see other stablecoins start to market themselves as “partial collateral” and “fractional reserve” variations.👇This Post is from a suspended account. Learn more
- 1/ 𝗙𝗿𝗮𝘅 $FXS 🤝 𝗡𝗘𝗔𝗥 $NEAR AI in crypto is going to change how the world interacts with money. Time for a highlight reel of our partnership with @NEARProtocol, furthering our positive sum multi-chain vision, powered by programmable money and user-owned AI👇
- Today FRAX v3's $FXB module goes live! This completes the FRAX v3 design and all new feature deployment. This is a watershed moment because of the unique design and utility of FXBs within DeFi. 🧵
