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%.
Frax founder: FXS will be Fraxchain’s gas token to share network sorter revenue
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: The frax.finance and frax.com domains are now restored to the correct nameservers and configuration
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.
FRAX has reached cooperation with TProtocol, the first RWA lending protocol on the chain, and launched Curve liquidity mining
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.
