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Frax Finance Launches Frax Name Service for Decentralized Identity Management
2.9.2024
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 the Frax Name Service (FNS), a decentralized...
290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch
14.7.2024
According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking:...
Frax Finance X hacked, CEO suspects ‘inside job’ at Elon Musk's office
3.6.2024
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
4.4.2024
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
Frax Finance Unveils Roadmap to Reach $100 Billion in Locked Assets on L2 Network by 2026
22.3.2024
DeFi protocol Frax Finance has revealed an ambitious roadmap aimed at increasing the total dollar value of crypto assets locked in its layer 2 blockchain to $100 billion by the end of 2026.
The post Frax Finance Unveils Roadmap to Reach $100 Billion in Locked Assets on L2 Network by 2026 appeared...
Frax Finance Targets $100B Value Locked in Singularity Roadmap
22.3.2024
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
26.2.2024
"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
Best Crypto to Buy Now January 22 – Frax Share, Litecoin, Siacoin
22.1.2024
For investors seeking the best crypto to buy now, Siacoin (SC) makes a compelling case with its price increasing 33.42% over the past week, despite broader cryptocurrency market declines. Frax Share and Litecoin are also top options, while new presales of Bitcoin Minetrix and Launchpad XYZ also...
Moonwell’s Bold $2.3M Plan to Counter Frax Hack Debt Sparks Controversy
19.1.2024
Moonwell, a decentralized finance (DeFi) borrowing and lending protocol, is facing controversy over its proposal to use $2.3 million worth of digital asset collateral to offset bad debt from Frax Finance (FRAX) pools due to a hack nearly two years ago. In a plebiscite held on December 31, 2023...
Frax Finance's Layer 2 Fraxtal to Debut in February: Founder
18.1.2024
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
10.1.2024
Curve's FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million
Best Crypto to Buy Now November 14 – Frax Share, Polygon, Immutable
15.11.2023
FXS, MATIC, and IMX log strong gains with crypto presales Bitcoin ETF Token and Bitcoin Minetrix offering potential as the best crypto to buy now. Image by cryptonews.com. Frax Share’s recent market surge has positioned it as one of the best cryptos to buy now with a not insignificant 25.55%...
Frax Finance Says its Domain Name Hijacking Has Been Resolved
1.11.2023
Frax founder Sam Kazemian says his team has been "left in the dark" by the domain registrar as to what happened
Frax Finance's Fed Yield-Matching Staking Vault Attracts $30M, FXS Steady
13.10.2023
Early Thursday, Frax unveiled sFRAX staking vault, allowing users to take advantage of higher interest rates in the U.S
Best Crypto to Buy Now October 12 – Frax Share, GALA, Cronos
12.10.2023
New data released Thursday showed U.S. inflation remained elevated in September, sending Bitcoin and other cryptocurrencies modestly lower.
The Consumer Price Index, which tracks costs for household goods and services, rose 0.4% last month, according to the Bureau of Labor Statistics. While that...
Stablecoin Economy Sheds $1.52 Billion in September, Revisiting a 2-Year Low
1.10.2023
Drawing from the latest figures, the stablecoin economy saw a notable $1.52 billion in redemptions unfold from September 1 through September 30, 2023. Within the top ten standings, two stablecoins notably bore the brunt of these redemptions: FRAX and BUSD. The two assets saw their supplies erode...
Best Crypto to Buy Now September 26 – Frax Share, 1Inch, Bitcoin Cash
26.9.2023
Popular cryptocurrency influencer Ben Armstrong was arrested late Monday night following an alleged confrontation with a former business partner before being released on bail earlier today.
While crypto influencer Ben Armstrong's arrest may have captured attention, it hasn't curbed the ongoing...
Examining the Concept of Flatcoins: Crypto Tools to Battle Inflation
12.9.2023
With the issue of inflation rising as a real problem for global economies last year, there has been a renewed need for people to seek a way of preserving their purchasing power. Flatcoins, stable currencies that change their value according to the inflation in a determined jurisdiction, have surged...
August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoins Witness Supply Contraction
31.8.2023
Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $125 billion threshold, continuing a trend...
Over 680,000 Ethereum Added to Liquid Staking Protocols in Just 28 Days
26.8.2023
In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%, surging from 7.91 million to 8.38 million ETH since July...