News list for " frax"
On January 23rd, the decentralized stablecoin protocol Frax Finance community launched a new proposal to authorize an initial investment of $5 million in the Trump family crypto project World Liberty Financial (WLFI), positioning FRAX as part of the WLFI ecosystem, plus subsequent investments of up to $10 million.
Securitize's previous proposal to back BlackRock's BUIDL token as Frax Finance's US dollar stablecoin has been swiftly approved by the governance department, paving the way for the launch of the frxUSD stablecoin. BUIDL will be the custodial asset for minting and redemption of frxUSD. According to the statement, the stablecoin will be exclusively backed by BlackRock's BUIDL-held asset, which is invested in cash, US treasury securities and repurchase agreements. Frax Finance founder Sam Kazemian ...
Securitize 此前提议将贝莱德的 BUIDL 代币作为 Frax Finance 美元稳定币的支持，该提议已迅速获得治理部门批准，为推出 frxUSD 稳定币铺平了道路。BUIDL 将成为铸造和赎回 frxUSD 的托管资产。根据声明，该稳定币将由贝莱德 BUIDL 持有的资产独家支持，该资产投资于现金、美国国库券和回购协议。 Frax Finance 创始人 Sam Kazemian 在一份声明中表示：“FrxUSD 将...
According to the official governance page, the Frax Finance community initiated a proposal to "introduce USTB as collateral and custodian asset for frxUSD", proposing the introduction of USTB, Superstate's short-term US government securities fund, as a reserve behind the stablecoin, providing stability, liquidity and treasury securities returns. USTB is a tokenized (ERC-20) fund that provides investors with short-term exposure to U.S. treasury securities. USTB's investment objective is to seek c...
The Frax Finance community's vote on the adoption of BlackRock BUIDL as a reserve asset for the proposed stablecoin Frax USD (frxUSD) has gone live. Voting on the proposal began on December 27 and ended on January 1. All votes are currently in favor of the proposal.
Decentralized stablecoin protocol Frax Finance has announced that it is working with related project IQ to develop an AI technology stack. The "AIVM" technology stack was developed as a parallel blockchain in the project's Layer 2 upgrade Fraxtal, which employs a new proof-of-inference consensus system. The proof-of-inference mechanism utilizes artificial intelligence and machine learning models to validate transactions on a blockchain network. Frax claims that the AI technology stack will enabl...
Frax Finance, a hybrid algorithmic stablecoin protocol, announced a partnership with Karak, a re-staking layer, to introduce native re-staking functionality and DSS (Decentralized Security Service) into the Frax Finance ecosystem and support this functionality natively on Fraxtal, accelerating the vision of universal verifiable finance.
On August 30th, according to official news, the stablecoin protocol Frax Finance announced the launch of the domain name service FNS, which is currently open to users. FNS is a fork of the Ethereum Domain Name Service (ENS) in the Frax ecosystem. It retains the core functions of ENS, but FNS destroys FXS tokens. Every year, 1,000 three-letter FNS domains will burn 1 million FXS tokens.
On August 16th, Movement announced that Frax Finance, a DeFi protocol, plans to deploy natively on the Movement blockchain today. As a key part of this initiative, Frax has committed to rewriting its entire Solidity codebase into the Move language. Frax will introduce at least four new assets on Movement: Frax stablecoin, sFrax (staked Frax), frxETH (ETH1:1-pegged liquidity staking token), and FXS (staking and governance token for the Frax ecosystem). Frax will also deploy Fraxlend, FraxCDP and ...
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