Two large FXS token transfer transactions occurred in Frax wallet, each with a value of nearly $15 million
According to data tracking service Whale Alert, the Frax wallet address starting with "0xc841" transferred 2,144,321 FTS tokens to the address starting with "0xb744" about an hour ago. The latter then transferred 2,145,030 FXS tokens back to the Frax wallet address, possibly for wallet organization purposes.
Ethena Labs: Frax Finance’s Singularity Roadmap Approved
Ethena Labs posted on X platform stating that Frax Finance's milestone roadmap has been approved, including the allocation of funds for USDeFRAX POL through Curve AMO, with a limit of $250 million.
Frax Finance: The meme coin space is taking shape on Fraxtal
Frax Finance announced in a tweet that the meme coin sector of Fraxtal is taking shape, and the main meme coins have been added to the official token list of Fraxswap and RA on Fraxtal.
Frax Finance launches FRAX stablecoin on NEAR
Frax Finance has launched the FRAX stablecoin on NEAR through Ref Finance, and on Burrow through FraxFerry and Rainbow Bridge. NEAR and Frax may introduce short-term government bond yields on NEAR using sFRAX. In the coming months, Frax will natively issue its asset suite FRAX, sFRAX, frxETH, and sfrxETH on NEAR and Fraxtal, and explore NEAR ecosystem LST opportunities. In addition, Frax will expand to other protocols beyond Ref and Burrow. Ref will launch an incentive program to reward LPs in USDC/FRAX and NEAR/FRAX pools, as well as stablecoin exchange pools similar to Curve. Users can also receive rewards for borrowing and lending USDC, USDT, and FRAX on Burrow.
Frax Finance plans to provide token stakers with a Uniswap-like reward mechanism
Sam Kazemian, CEO and founder of Frax Finance, stated that the core team is considering offering a reward mechanism similar to Uniswap for token stakers. The team may soon initiate a proposal to allocate a portion of protocol fees to stakers of its native token, FXS, and the final decision will depend on whether the community approves.
Frax Finance integrates the cross-chain infrastructure protocol Axelar Network (AXL) and issues assets such as FRAX and frxETH on multiple chains
The stablecoin protocol with a hybrid algorithm, Frax Finance, announced that it has integrated with the cross-chain infrastructure protocol Axelar Network (AXL), enabling the issuance of assets such as FRAX and frxETH on multiple blockchain platforms including Osmosis, Mantle, Linea, Kujira, Manta Network, and Scroll. This is aimed at expanding the coverage and interoperability of its assets, further expanding the Frax Finance ecosystem.
Frax Finance will issue assets on multiple non-Ethereum networks via Axelar Network
Frax Finance announced on social media that it will issue assets of the Frax Finance ecosystem, including FRAX, frxETH, etc., on Osmosis, Mantle, Linea, Kujira, Manta Network, and Scroll through the Axelar Network.
Frax founder: The possibility of airdrops is not completely ruled out
On December 10th, according to a community message screenshot disclosed by Ouroboros Capital on the X platform, Frax Finance founder Sam Kazemian clarified in response to the statement "no more airdrops" that "this possibility is not completely ruled out." Frax Finance official retweeted the X post.
Frax community approves plan to scale to multiple new blockchains using Axelar
Cross-chain protocol Frax has announced a proposal that has been passed through on-chain governance, using Axelar to expand the Frax Finance product to multiple new blockchains.
Frax Finance’s liquidity pledge product frxETH has issued a total of more than 290,000 pieces
On November 11th, Frax Finance's official website showed that over 290,000 frxETH tokens, worth approximately $600 million, have been issued through the liquidity collateral product offered by Frax Finance. Additionally, according to DefiLlama data, frxETH currently has the fourth highest number of collateralized tokens, following Lido, Rocket Pool, and Binance, with a market share of 2.51%.
