Frax Finance ¤⛓️¤ Re-poster
¤ The Financial Engine of the Internet ¤ $FRAX (prev. $FXS)
For onchain DeFi → @fraxfinance
For strategic & institutional news → @frax
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Currently, frxUSD stands as the most rapidly expanding stablecoin within the @aave V4 ecosystem. This setup brings together a lending platform and a stablecoin that are each recognized as the most secure and capital-efficient options in the space. By combining these shared strengths, they form an ideal partnership to help power the next generation of productive DeFi.
Navigating decentralized finance yields does not need to involve high levels of risk. Here at Frax, we focus on providing a secure and straightforward experience for everyone. We designed sfrxUSD specifically to offer the highest risk-adjusted stablecoin yield available today. This solution not only surpasses the performance of leading alternatives, but it is also fully supported by our proven 5-year security track record. Enjoy a truly hands-off approach to growing your savings by visiting http://frax.com/earn
Announcing a Fresh PegKeeper Pool with @AlchemixFi
Our longtime collaborators and decentralized finance veterans at Alchemix are currently making a significant transition. The @AlchemixFi team is in the process of moving their alUSD pools away from legacy FRAX and shifting them directly into frxUSD. Through this important migration, they are effectively unlocking a much more sustainable environment for liquidity.
Having originally pioneered the concept of the self-repaying loan, Alchemix remains a true innovator in the industry. We are incredibly excited to launch this new PegKeeper Pool alongside them, and we are eagerly looking forward to the upcoming arrival of v3.
Our longtime collaborators and decentralized finance veterans at Alchemix are currently making a significant transition. The @AlchemixFi team is in the process of moving their alUSD pools away from legacy FRAX and shifting them directly into frxUSD. Through this important migration, they are effectively unlocking a much more sustainable environment for liquidity.
Having originally pioneered the concept of the self-repaying loan, Alchemix remains a true innovator in the industry. We are incredibly excited to launch this new PegKeeper Pool alongside them, and we are eagerly looking forward to the upcoming arrival of v3.
Close to 20 protocols currently rely on frxUSD for their standard stablecoin pairing, with additional platforms preparing to join them soon. Alongside this expanding adoption, the TVL of the frxUSD PegKeeper has successfully surged back past the $50M threshold. Together, these achievements highlight the exact type of positive-sum growth required to cultivate a highly sustainable DeFi ecosystem.
Generating an attractive 11% APY, the @StakeDAOHQ curated frxUSD vault on @Morpho is seeing a fantastic level of interest from users. In a span of just 2 days, the platform has successfully gathered 3.3M TVL. There is still ample capacity for ongoing expansion, as funds are strategically assigned to blue chip @CurveFinance LP collateral such as the @MetronomeDAO msUSD/frxUSD PegKeeper LP. You can initiate your participation by visiting the following link: https://app.morpho.org/ethereum/vault/0xCE13e39534082FCF8f13F6D84e6D95414D14271e/stake-dao-frxusd-v2
A proposal has been made to include frxUSD in the Core Hub of @aave V4 🏦. As the protocol advances toward a modular hub-and-spoke architecture, the specific assets chosen for the central liquidity layer are more significant than ever. This potential inclusion validates the standing of frxUSD as a trusted default stablecoin.
Read more: https://governance.aave.com/t/aave-v4-hub-and-spoke-initial-configurations/24233
Read more: https://governance.aave.com/t/aave-v4-hub-and-spoke-initial-configurations/24233
For those seeking the most affordable borrowing options within decentralized finance, Fraxlend remains a top contender. Individuals who have recently increased their leverage are seizing the opportunity presented by these minimal costs and current market valuations to accumulate assets while prices are down.
Volume within the frxUSD PegKeeper pool has climbed to a new ATH this month, nearing the $200M mark. Furthermore, 17 protocols have now adopted frxUSD as their default stablecoin pair. These specific @CurveFinance pools are showing sustained growth, having processed over $500M+ in trading volume throughout the past 4 months.
Within the span of just one week, the Alpha Enhanced frxUSD vault developed by @0xAlphaping has successfully surpassed $500k+ TVL. This offering is currently providing returns of 10%+ APY. You can view the details and participate at the following link: https://app.morpho.org/ethereum/vault/0xd8CD72A2eB7A4312404C00AeD5172C0026da0C27/alpha-frax-usd-enhanced-v2
We are happy to share that the transition from FXS to FRAX is moving forward on @HTX_Global🎉. As the designated gas for our L1 Fraxtal, FRAX serves as our refined ecosystem token. This asset grants access to the prospective digital dollar market, driven by the expansion of frxUSD, our GENIUS-compatible stablecoin. Read the full details provided by HTX here: https://www.htx.com/support/25026226006106
The Alpha Enhanced frxUSD @morpho vault is now receiving active incentives. Managed by @0xAlphaping, this product maintains risk-controlled exposure to @avantprotocol and generates a current yield of 19% APY. You can join via the link provided here: https://app.morpho.org/ethereum/vault/0xd8CD72A2eB7A4312404C00AeD5172C0026da0C27/alpha-frax-usd-enhanced-v2
The @AerodromeFi platform has officially designated frxUSD as a connector token. By securing this status, frxUSD establishes itself as a premier stable pair essential for productive liquidity and routing on Aero. This upgrade allows it to function as a primary default stablecoin pair for @base tokens, and we expect Mainnet integration to follow soon. We look forward to seeing our growth trajectory continue alongside Aero.
Be sure to join the @therollupco stream today to see our VP of Comms, @SeanKelleyX.
1/ We are excited to share that frxUSD is officially live on @EtherFi. This integration marks a historic debut, enabling users to utilize a DeFi-native credit card for purchases worldwide. You can now enjoy the freedom of spending your frxUSD globally.
Market volatility is a given, but you can still secure peace of mind through stablecoin returns. Our team created sfrxUSD with the specific goal of providing the finest risk-adjusted yield available on-chain. Time and again, sfrxUSD has delivered an APY that exceeds the rates offered by many prominent alternatives. Start your passive savings journey at http://frax.com/earn
1/ Even though Frax is a DeFi-native organization, we acknowledge the indispensable value provided by CEXs, including platforms like @binance. They offer a secure entry point for millions of individuals joining the crypto markets and are increasingly facilitating access to on-chain rails. Ideally, the most effective progress occurs when decentralized finance and centralized exchanges work in unison.
1/ We are excited to announce the debut of KRWQ on Fraxtal 🇰🇷. As the pioneering stablecoin pegged to the Korean won, @KrwqCash is now live on our high-performance L1, an infrastructure specifically engineered to power the future of stablecoins.
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