Frax Finance ¤⛓️¤
@fraxfinance
Developers of Fraxtal ¤⛓️¤ a modular rollup with fractal scaling tech & issuers of the most innovative M2 digital assets (stablecoins, LSDs, & flatcoins).
ID:1123761442824519682
https://t.me/fraxfinance 02-05-2019 01:29:41
2,1K Tweets
90,5K Followers
217 Following
All sfrxETH holders whether used in Fraxlend or AMMs can now vote to signal if they want to restake with EigenLayer! If enough sfrxETH holders vote to restake then EigenLayer will integrate us into their protocol. Make sure to vote by following the directions below 👇
Did you know that Frax Finance (¤, ¤) 🦇🔊 also offers a flatcoin, governed by $FPIS?
$FPI grows in value in line with CPI inflation. Started at $1 when it launched, now $1.10.
Despite having to use revenue for peg increases, the balance sheet is currently sitting on $3.9Mil of profits.
THIS WEEK IN FRAX - Nov 3rd, 2023
From Prisma Finance raising sfrxETH Deposit Cap, Native Restaking support for frxETH w/ EigenLayer + More 👀
Let's Dive Into This Week 👇
Top 10 $FRAX Yields on Arbitrum (💙,🧡) 👀
We've scoured Arbitrum (💙,🧡) to help you find the best yields for FRAX in the lead up to the start of the STIP program. From Curve Finance, Arbidex, Lodestar Finance 🌟 & more!
Check out our picks 👇
sfrxETH Frax Finance (¤, ¤) 🦇🔊 Debt Cap has been filled🌈
20m mkUSD minted in less than a day
3 out of 4 collaterals have reached their debt ceilings...
👉app.prismafinance.com/vaults
FRAXCHAIN ⛓️
Frax Finance (¤, ¤) 🦇🔊 has been and always will be positive sum 💪😎🤝😎🤳
'We’ve always been positive sum. The goal is to make building on Fraxchain the most profitable and useful for projects among the major rollups. 💪'️️️️
Sam Kazemian (¤, ¤) [samkazemian 1 / 2] Not this month. It still needs some more work because we are thinking of building native restaking support into it if possible. So likely it will coincide with some time around Fraxchain launch. Lot of stuff will come out in early 2024, will be a huge
All sfrxETH holders whether used in Fraxlend or AMMs can now vote to signal if they want to restake with EigenLayer! If enough sfrxETH holders vote to restake then EigenLayer will integrate us into their protocol. Make sure to vote by following the directions below 👇
THIS WEEK IN FRAX - Oct 27th, 2023
Bottom's Up! FXB's on Testnet, Sam Kazemian (¤, ¤) on Arbitrum (💙,🧡) STIP, sFRAX Migration, Pendle adds sFRAX + More 👀
Let's Dive Into This Week 👇
We are excited to announce that the BrainDAO treasury has acquired 2,100,000 sFRAX through Frax Finance (¤, ¤) 🦇🔊's ERC4626 staking vault.
The yield from the Staked FRAX vault is primarily derived from real-world asset (RWA) strategies.
The BrainDAO development team is actively working…
.Frax Finance (¤, ¤) 🦇🔊's Role in the Arbitrum (💙,🧡) Short Term Incentive Program
We spoke with core team member Sam Kazemian (¤, ¤) to take a look into how Frax aims to leverage its brand to attract new users and assets to Arbitrum (💙,🧡) 🤝
Lets dive in 👇