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Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL

[Jan 2 8:13 PM] According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management.

Vote to use BlackRock's BUIDL as backing asset for Frax stablecoin goes live

[Dec 27, 2024 6:05 AM] Voting on the proposal is open from Dec. 27 until Jan. 1, with all votes that have been cast so far in favor of the proposal.

Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

[Dec 22, 2024 10:02 PM] According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.

Frax Finance Launches Frax Name Service for Decentralized Identity Management

[Sep 1, 2024 10:30 PM] Frax Finance has launched the Frax Name Service (FNS), a decentralized identity service that allows users to register unique names on the Frax blockchain. Frax Finance Expands Ecosystem With Launch of Frax Name Service Frax Finance has introduced…

Frax Finance X account hacked, CEO suspects ‘inside job’ at Elon Musk’s office

[Jun 3, 2024 1:26 AM] Frax Finance’s X account was hacked on June 1 without a password breach, leading CEO Sam Kazemian to suspect insider involvement.

Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble

[Apr 3, 2024 11:37 PM] The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.

FXS Price Poised For Uptrend As Frax Finance Unveils Roadmap To Reach $100B TVL

[Mar 22, 2024 1:00 PM] Frax Finance, a decentralized finance (DeFi) protocol, recently unveiled its Singularity Roadmap. It aims to propel the total value locked (TVL) of its layer 2 blockchain, Fraxtal, to $100 billion by the end of 2026. This notable surge would…

Frax Finance Targets $100B Value Locked in Singularity Roadmap

[Mar 22, 2024 12:13 AM] Frax's singularity roadmap has set a target of $100 billion in TVL for its layer 2 Fraxtal.

Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

[Feb 26, 2024 3:05 AM] "We are going to follow Uniswap's lead in proposing it. It will be up to the community to pass it," Frax's CEO Sam Kazemian told CoinDesk.

Frax Finance's Layer 2 Fraxtal to Debut in February: Founder

[Jan 17, 2024 11:53 PM] Kazemian expects Fraxtal to debut with a bang, attracting at least several hundred million dollars worth of crypto assets in the first month.

PayPal's Stablecoin Part of Third Largest Liquidity Pool on Curve

[Jan 9, 2024 11:09 PM] Curve's FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million.

Frax Finance Says its Domain Name Hijacking Has Been Resolved

[Oct 31, 2023 10:23 PM] Frax founder Sam Kazemian says his team has been "left in the dark" by the domain registrar as to what happened.

Michael Egorov’s $100 Million Position, A Risk To Curve Finance And DeFi?

[Aug 1, 2023 4:30 PM] Following the recent exploit of Curve Finance pools, there have been genuine concerns about the stability of the decentralized exchange and the Decentralized Finance (DeFi) ecosystem. A new report has emerged, raising questions about Curve founder…

Ethereum DeFi Coins Plunge As Curve Concerns Threaten Major Market Crash

[Aug 1, 2023 1:45 AM] The Ethereum DeFi space is currently experiencing a rough few hours. All major DeFi coins are posting deep red numbers in the last 24 hours: Compound (-18%), Aave (-10%), Curve (-10%), Frax (-6%), and Synthetix (-6%). The reason? Curve Finance, a…

Frax Finance to retire algorithmic backing amid stablecoin crackdown

[Feb 22, 2023 10:37 PM] The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing.

Ethereum-Based Frax Finance (FXS) Is Up 64%, Is There Still Opportunity?

[Jan 18, 2023 9:30 AM] In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With a price increase of 64%, the FXS token is only behind Decentraland (MANA), which has surged 76%…