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BREAKING: Frax makes internet history with .frax .frax is the first ICANN top-level domain application revealed for a crypto company brand. Frax plans to connect real internet domains to onchain ownership, payments, AI-native commerce, and the Frax Burn Engine.
Frax just made internet history. .frax is the first ICANN top-level domain application revealed for a crypto company brand, designed to connect real internet domains with onchain ownership, payments, AI-native commerce, and the Frax Burn Engine. The internet is coming onchain.
Aero is coming. Frax is on board. At launch, we plan to migrate $frxETH & $FRAX protocol-owned liquidity to @aeroxyz, the unified liquidity layer for Ethereum.
1/ Frax is helping bring Brazil’s rate onchain. @Featherlend launched @transferogroup BRZ @Morpho markets on @0xPolygon, with FX infra from @DFB_DeFi. sfrxUSD and @etherfuse TESOURO can be used to borrow BRZ. For the first time, the Real gets an onchain funding rate.
RIFT just launched the ultimate onchain API with frxUSD support from day one on @ethereum, @base, and @inkonchain.
New vault alert! Borrow frxUSD against sUSDai on @Morpho, up to 21.1% net APY rewards. Introducing the new @fraxfinance x USDAI ecosystem vault, curated by @Re7Labs.
Our partnership with @GearboxProtocol is more than another integration. It’s what Frax has been building frxUSD toward: the liquidity layer for institutional tokenization. @mugglesect worked tirelessly to make it happen. Time to retokenize the world with frxUSD on Gearbox.
JUST IN: Stock-backed loans are now live on @aave V4. @coinbase tokenized stocks like AAPLc, AMZNc, GOOGLc, MSFTc, NVDAc, and TSLAc can now be used as collateral to borrow USDC on Base. Tokenized equities are becoming productive collateral. DeFi is absorbing the stock market.
United Founders Group is building a DeFi Innovation Platform on Robinhood Chain. They’ve selected sfrxETH as the core asset for their Treasury v2, building on top of our highest-performing ETH LST. Frax is coming to @RobinhoodCrypto 👀
We are proud to partner with @SuperstateInc to combine the best of DeFi and TradFi. Superstate brings top tokenized Treasury infra onchain. Frax extends its utility through frxUSD, FraxNet, and DeFi-native distribution. Better financial products bringing the world onchain.
frxUSD is becoming the default stablecoin for productive onchain liquidity. By forwarding reserve yield into pools, frxUSD Pegkeepers with projects like @Tangent_fi can offer superior LP returns that scale with size.
The multi-trillion-dollar FX market will go onchain for greater capital efficiency. frxUSD is becoming the dollar hub for FX stablecoins + Frax is growing DeFi utility for them. @0xPolygon is one of the best places for it to happen. More to come as we bring the world onchain.
$sfrxUSD is at $35M TVL, up 15% this month 📈 4.1% APY for set-it-and-forget-it stablecoin savings, with @ResupplyFi Summer helping grow the @CurveFinance LlamaLend sfrxUSD market with juicy loops. That’s not all. More global strategies coming soon 🌎 🏦https://frax.com/earn
Caps have been raised on the frxUSD/sUSDS market on @Tangent_fi, allowing LPs to access up to 16% APY. Caps fill quickly so don't miss out 👇
Our partner @CurveFinance is putting their stable reserves to work with $sfrxUSD. Set-it-and-forget-it stablecoin yield should be the default for DeFi treasuries. What's in your treasury? The flywheel is spinning.
Resupply Summer is coming, and Frax assets are joining the campaign. The forecast is looking productive.
Catch @MaredithH1 of @WisdomTreeFunds live now on this week’s @therollupco Stabled Up, powered by Frax. WisdomTree’s WTGXX is one of the tokenized MMFs backing our flagship stablecoin, frxUSD. We look forward to continue growing institutional adoption of stablecoins together.
Llamalend V2 from @CurveFinance is now live on Ethereum, with sfrxUSD as day-one collateral🥳 sfrxUSD is built to provide DeFi's highest risk-adjusted yield, perfect for looping. We look forward to growing this market with our long-term partners at Curve and our frxUSD LPs.
Caps have been raised on the frxUSD/OUSD market on @Tangent_fi. Don't miss out 👇
Llamalend v2, from our close partners @CurveFinance, is coming to Ethereum. You can bet our high-performance assets will play an important role.
frxUSD PegKeeper volume crosses $2B 📈 More stablecoins are pairing with frxUSD on @CurveFinance each week, and trading volume is accelerating. June did $200M+ in volume, and July is already on pace to beat it. frxUSD is becoming the trusted default liquidity layer for DeFi.
JUST IN: The US and UK released a joint roadmap for stablecoins, tokenization, and cross-border markets. It notes stablecoins and tokenized MMFs as potential margin collateral at central counterparties. NYC and London want the next financial system to also be built around them.
DeFi will win. @aave will win. Frax will win. frxUSD is becoming a default stablecoin.
frxUSD is becoming the default stablecoin to pair with for liquidity wherever you are in the world. Happy to collaborate with @HydrexFi on Forex with Frax.
BREAKING: @RobinhoodApp Chain mainnet is live. @Lighter_xyz is serving as the core trading platform on the app/chain. Frax is watching this one closely 🧐
frxUSD PegKeeper pools on @CurveFinance did $200M+ in combined trading volume in June. 30 partners have chosen frxUSD as a default liquidity pair, most recently @3janexyz USD3 and @vetro_org VUSD. More are on the way. The network effects of frxUSD continue to grow.
JUST IN: Open USD is a new stablecoin issued by @Stablecoin launching with 140+ partners including Visa, Stripe, Mastercard, BlackRock, BNY, Google, Shopify, Coinbase, and Aave.
Catch our VP of Comms @SeanKelleyX on a X Space this Wednesday with @alto_money. They'll talk about how frxUSD is becoming the default stablecoin for DeFi liquidity, including Alto's DUSD.
June is on-track for a record-breaking volume month for frxUSD PegKeeper pools 🌊 Bitcoin is down, but stablecoin volumes are strong, with dozens choosing frxUSD as their default stablecoin pair. Led by top pools: @CurveFinance crvUSD and @MetronomeDAO msUSD, with more to come.
JUST IN: @FortuneMagazine just released Fortune Crypto 100: a definitive list of the most influential blockchain companies, built with data analysis from @inca_digital + a survey of leading crypto experts. The stablecoin ranking includes Frax at #5 👀
frxUSD PegKeeper Volume Surge 🌊 After surpassing $1B in total trading volume, June is on track for a record-breaking month as market volatility drives high volume. Led by our top pools: @CurveFinance crvUSD and @MetronomeDAO msUSD who trust frxUSD as their default stable pair.
REVOLUT US STABLECOIN LAUNCHING: Reuters says @Revolut plans to offer stablecoins through its upcoming US bank, alongside FDIC-insured accounts, multi-currency deposits, stocks + crypto. With 75M+ users, it’s another sign stablecoins are becoming default banking rails.
Boardwalk is live on Fraxtal 🐳 Fraxtal gives builders access to our high-performance assets, DeFi infra, and frxUSD: the best stablecoin for DeFi economies. frxUSD supports Boardwalk token economy launches on Fraxtal by routing value back to projects as they grow. Read more👇
Caps on the frxUSD/scrvUSD market on Tangent have been raised. There's still a little bit of capacity left. Get started: https://app.tangent.finance/0x5c996574270F439bfFf5B7647EE92c1879D35A4B/deposit-borrow
frxUSD, by @fraxfinance, hit $20 million deposits, becoming the largest asset on Aave V4.
RATE CUT COMING?: @BlackRock exec sees “sufficient factors” to justify a potential Fed rate cut. This comes as new chairman Kevin Warsh weighs interest-rate policy. The Fed is the most divided in voting it has been in 30 years, and the implications for the markets are MASSIVE.
Security is our product At Frax, we are building the future of the digital dollar with frxUSD. But the most important challenge is not distribution or incentives. The real challenge is trust. How do you build a form of digital money that users are comfortable holding for years? How do institutions gain confidence deploying large amounts of capital into a stablecoin system? How do you earn credibility in an industry where exploits and operational failures have destroyed billions of dollars? For a stablecoin issuer like us, security is the product itself. Every architectural decision, operational process, and infrastructure choice ultimately feeds back into a single question: can users trust us with their capital? Extensive Auditing and Continuous AI Security Monitoring Security reviews cannot be treated as a one-time event for systems responsible for securing billions of dollars. At Frax, audits are part of an ongoing engineering discipline rather than a checkbox before deployment. Over the years, Frax has worked extensively with leading security firms to review core contracts, governance systems, bridge infrastructure, and protocol upgrades. These reviews are designed to identify edge cases and unintended interactions between systems where vulnerabilities often emerge. Alongside traditional audits, we continuously invest in AI-assisted code analysis and internal security monitoring. Modern crypto systems are too large and interconnected for purely manual review processes alone. AI systems can continuously analyze code, flag dangerous permission structures, detect anomalous behavior patterns, and identify deviations from expected logic in real time. Human auditors remain essential, but AI-assisted monitoring provides persistent scrutiny between formal reviews. As more advanced models emerge and new attack vectors evolve, our security systems evolve with them. Frax also provides one of the largest bug bounty programs in the industry for exploits where user or protocol-controlled funds are at risk. Security researchers play a critical role in strengthening crypto infrastructure, and meaningful incentives help ensure vulnerabilities are identified responsibly before they can ever impact users. Security Beyond Smart Contracts The attack surface for a modern protocol extends far beyond smart contracts to domains, deployment pipelines, infrastructure providers, governance systems, signing devices, and internal operational procedures. Many of the industry’s largest failures were not caused by flaws in smart contracts themselves, but by compromised operational security, poor key management, centralized infrastructure, or manipulated frontends. Users do not care where a failure originates. If funds are lost, trust disappears immediately. That is why Frax approaches security as a layered system rather than relying on any single defense mechanism. Alongside extensive audits and decentralized infrastructure, we maintain strict internal operational security standards across infrastructure access, deployment procedures, and production systems. All multisig signers at Frax use hardware wallets, and all pushes to our codebase require authenticated hardware security keys as an additional safeguard against unauthorized access. Sensitive environments are segmented, permissions are tightly controlled, and operational responsibilities are distributed to reduce concentrated points of failure. We also invest heavily in web and domain security. Frax uses MarkMonitor for domain protection because compromised DNS or frontend infrastructure can redirect users to malicious interfaces capable of draining wallets. These risks are often overlooked across crypto despite being one of the most common operational attack vectors. Good security is rarely visible to users. The goal is not to create the appearance of safety, but to systematically reduce risk across every layer of the system before problems ever emerge. Crosschain Infrastructure Crosschain interoperability is one of the largest security risks in crypto. From the beginning, Frax approached interoperability from first principles, with the goal being native issuance of assets on every chain, secured by us. Before adopting external interoperability infrastructure, we built our own internal bridging solution, Fraxferry, entirely in-house. The goal was to maintain complete control over our security. Fraxferry was intentionally slow by design, using long settlement windows and strict validation processes to maximize safety when moving value across chains. As the market evolved, users increasingly demanded near-instant transfers. We would not move away from our own infrastructure unless we could preserve the same security philosophy and control over the system itself. That is what attracted us to LayerZero. LayerZero’s modular design gave us complete control to define our security model rather than inherit a fixed one. At Frax, we use internally maintained libraries, run our own internal Frax DVN, maintain control over verification rules, and require unanimous external DVN consensus for value transfers. No external entity, including LayerZero itself, can unilaterally upgrade or control our system configuration. Modular systems are only as secure as the way they are configured. From day one of the frxUSD mint-burn mesh rollout, Frax deployed with a conservative 3/3 DVN setup. Last week, we upgraded that architecture to an even more resilient 5/5 configuration across a diverse set of operators to continue leading with best-in-class standards for security. We are in the process of adding circuit-breakers as well. If there’s a way for us to bring greater security to our users, we do not hesitate to take action. As of today, Frax assets worth over $500M span 20+ blockchains with LayerZero, having securely moved hundreds of millions across tens of thousands of messages and growing. Trust Is Earned Through Consistency In crypto, trust is earned over years and extremely easy to lose. Users remember exploits. Institutions remember operational failures. Markets remember shortcuts. Long term credibility comes from consistency. It comes from careful engineering, conservative assumptions, redundant safeguards, disciplined operational processes, and a willingness to prioritize resilience over short term acceleration. This culture has allowed Frax to maintain a flawless security track record over 5 years while managing billions of dollars in assets across multiple market cycles. As stablecoins continue to permeate global financial infrastructure, security standards will only become more demanding. The systems that endure long term will not necessarily be the fastest moving or highest yielding. They will be the systems users trust to reliably secure capital over years and eventually decades. That is the standard we are building toward with frxUSD. Because when we build the future of money, security isn’t just a feature, security is our product.
DOORDASH GOES FULL-STACK: @DoorDash is quietly building a full-stack restaurant money machine. Last month: announced stablecoin payouts on @tempo Today: reports say it’s rolling out in-store POS tech From store payment → stablecoin settlement, vertically integrated in one app.
TWO PROTOCOLS, ONE PATTERN Today we discuss @fraxfinance and @protocol_fx. Two independent DeFi protocols that Convex built on top of. Convex wrapped their ve-tokens to bring better yields to their LP holders. That's the partnership. Let's break it down.
Our track record for security extends beyond Frax itself. We’re proud to support our ecosystem partners with rapid incident response and technical expertise when needed. Available 24/7 when situations arise. Glad this exploit attempt was stopped early and no funds were lost.
Royco is redefining DeFi risk through tranching. Frax is redefining stablecoins with fully-backed dollars that forward 100% of yield to DeFi partners. Together, a more secure and productive future for DeFi is taking shape.
Royco is redefining DeFi risk through tranching. Frax is redefining stablecoins with fully-backed dollars that forward 100% of yield to DeFi partners. Together, a more secure and productive future for DeFi is taking shape. LP into srRoyUSDC/frxUSD: https://www.curve.finance/dex/ethereum/pools/0x8fc753f96752b35f64d1bae514e6cf8db0b9322e/deposit
Our partnership with @piku_dao continues to expand, with high yields on @CurveFinance, and more to come. Piku joins 20+ forward-thinking DeFi protocols choosing frxUSD as their default stablecoin pair, unlocking more productive liquidity.
Yield or no yield. Pass CLARITY. Our Founder and CEO @samkazemian on why this is the capstone act that connects stablecoins and crypto to the broader financial system. The sooner it passes, the sooner crypto moves forward 👇
If you’re at @TheBitcoinConf, you can’t miss the Frax ads everywhere. A new bridge between digital assets and the real world is coming 🔜
Now our partners at @fraxfinance join the fold. They will soon share a DAO proposal with details on the collaboration. DeFi United.
As an Aave V4 partner and longtime ally, Frax is in direct communication with @aave today to help with the rsETH Incident. While Frax has no direct exposure, we will work together in positive sum with DeFi United to bring stability to Aave markets and the greater DeFi ecosystem.
Boardwalk is a new launchpad coming to Fraxtal 🔜
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