Sam Kazemian, the founder of Frax Finance, shared more details about Fraxchain with the community on the official Telegram channel early this morning. Sam mentioned that Fraxchain will be a universal Rollup, not a chain designed specifically for Frax Finance, and any type of application can be deployed on Fraxchain. FXS will be the gas token for Fraxchain, which can share network sequencer revenue and can also be used to regulate the decentralized mechanism of the sequencer after future updates.

Frax Finance claimed on social media X that Name.com has contacted and confirmed that the frax.finance and frax.com domains have now been restored to the correct name servers and configuration. The cause of the event will be explained after a comprehensive investigation tomorrow.

Hybrid algorithm stablecoin protocol Frax Finance announced a partnership with the first on-chain RWA lending protocol TProtocol, and launched USTP-FRAXBP liquidity mining on Curve, with mining rewards in CRV and TPS airdrops, with an APR of 50%. This is the second RWA partnership project that Frax Finance has collaborated on, and also marks FRAX's official layout in RWA. It is understood that USTP is a super-collateralized stablecoin based on TProtocol's national debt lending, and its iUSTP can generate around 5% lending income.