🚀 Frax Weekly Governance Rollup 🚀 Week of July 8th 🗳️ Proposals Passed: [FIP 369] Authorize Fraxlend AMO for new pair on Fraxtal (FXS/FRAX) - [Proposal Link](snapshot.org/#/frax.eth/pro…) - Outcome: Passed - Votes: 30M For / 0 Against [FIP 370] Authorize Fraxlend AMO for new

Congrats to the 12 Fraxtal chain builders who were rewarded 1.1M $OP for their impact! Excited to see what you continue to build across the Superchain. 🚀

I am thrilled to announce that my proposal has just passed, and I am honored to step into the role of Head of Community Development Frax Finance ¤⛓️¤ . This role is a great responsibility and privilege, and I am committed to working tirelessly to grow and strengthen our incredible

If you're wondering why Fraxlend is the most gas efficient lending market ever made, it's because Drake is one of the most meticulous engineers I've ever worked with, now he's doing it again with James. Most gas-efficient ERC20 stablecoin ever created 👇

Bridge deposits (L1->L2) to Frax Finance ¤⛓️¤ surpassed $100M!

Image presented without comment. app.frax.finance/fraxlend/avail… Frax Finance ¤⛓️¤

One of the most Fraxtal-aligned projects launching on testnet today, the $dT points are real though 👀

New lending pairs coming online 👀 If you're in the old WETH pair you can leverage for more safely with a higher LTV. app.frax.finance/fraxlend/avail…

Excited to announce that Frax Finance ¤⛓️¤ is joining Superhack as Fraxdal ⚫️ Build on top of Fraxtal with its exciting blockspace incentives and Fractal scaling roadmap and get rewarded! Apply to build at Superhack: ethglobal.com/superhack

Fraxtal's TVL continues to grow. In the last month, Frax Finance ¤⛓️¤ TVL has moved up significantly from 73.1m to 130.83m. Chart by L2BEAT 💗

Seems kind of crazy $FXS Frax Finance ¤⛓️¤ only trading at 172M FDV, given they have FRAX - 649M frxETH - 468M fraxlend - 124M fraxtal - 98M and growing fast

Fraxlend processed $7M+ worth of liquidations with no bad debt incurred.

Finally someone said it, thank god. When we launched Fraxtal & everyone asked us “is this a universal rollup or defi focused chain?” I always said “those are the exact same thing. You can’t have a general purpose chain without DeFi first.”

Just a reminder to join the Frax Finance ¤⛓️¤ discord if you haven’t yet. There are special roles for vefxs holders and the community is becoming more active. You can check the roadmap or catch up on the latest governance proposals. Come join us! Discord.gg/fraxfinance

If DeFi didn't exist $ETH would be like $400. DeFi adds the most mcap & utility to the ETH asset by far, not the reverse. It's not a coincidence ETH sentiment is not great exactly when DeFi's being slept on. The only road to ETH ATH is through DeFi, time for people to wake up.

Yes but if you lend FRAX on Fraxlend the you’ll get x2 yield

Meet sam.frax on stage next month. Sam is the Founder and CEO of Frax Finance ¤⛓️¤, a self-sufficient DeFi ecosystem that issues innovative, decentralised stablecoins and contains subprotocols to support them. Catch him at #TOKEN2049 Singapore.

The Vitalik Strikes Back saga is great to see. This is what ETH & DeFi need for the 2025 renaissance.

Fraxlend is just awesome. It's one of the most profitable lending platforms for lenders. The system is designed so that the borrower first goes to pay off their debt in Fraxlend because the interest rate grows very quickly. Over the last month, I've observed incredibly high APYs.

Vitalik seems out of his realm of expertise when it comes to DeFi/stablecoins these days, making basic mistakes using old, tired assumptions. Good example👇 DeFi knows to stay in its lane when it comes to zk, consensus, & low level engineering. We know where our expertise ends.