Stablecoins are important in the digital asset world. Today, most of them are pegged to real currencies, ensuring their strength. Unlike other coins, they don’t register substantial drops or profits w...
Tag: FRAX
Frax founder says Fei Protocol situation reaches ‘new low for DeFi’
Sam Kazemian, founder of the stablecoin project Frax, expressed dismay at the way the sunsetting of the Fei Protocol and its hack redemption strategy is being handled. The main issue appeared to be th...
A Focus on Protocol Growth
August 17, 2022, 9:38AM EDT • 15 min read Quick Take Market conditions have stabilized, but the total value locked in DeFi is still significantly lower than its peak in late 2021. The main theme acros...
Stablecoin projects need collaboration, not competition: Frax founder
Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance. Speaking to Cointelegraph, K...
Navigating Through the Current Market
July 22, 2022, 12:06PM EDT • 12 min read Quick Take This DeFi governance roundup covers recent proposals for Balancer, Curve, Frax, Gitcoin and SushiSwap. In general, most governance proposals focus o...
Crypto Winter Survival Guide: Frax (FRAX), PAX Gold (PAXG), And RoboApe (RBA)
– Advertisement – How long will crypto winter last? That is the question on the lips of every crypto participant right now. Many newbies are scared at the prospect of a prolonged bear mark...
Frax Finance Founder Proposes $20M Repurchase of FXS Token
Frax Finance founder Sam Kazemian proposed to repurchase up to $20 million of the DeFi protocol’s own FXS token, to prop up the battered cryptocurrency following the recent marketwide sell-off. Kazemi...
DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins
Key Takeaways Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin. FRAX maintains its peg through a dual collateral-backed and algorithmic mechanism, making it more scalabl...
FRAX Launches on Terra with Retrograde Partnership
Retrograde brings the first FRAX tokens to the Terra ecosystem in the search for long-term and sustainable partnerships. This new partnership with the stablecoin protocol was closed to bring deep liqu...
Frax Finance to launch FPI, an inflation-anchored stablecoin
Frax Finance, the DeFi project, will soon launch Frax Price Index (FPI): the new inflation-pegged stablecoin. The new token tracks the US Consumer Price Index (or CPI), using oracle data from Chainlin...
Inflation-linked stablecoin from Frax Finance is a big deal, here’s why
Frax Finance will soon launch the Frax Price Index (FPI) token, expanding the firm’s suite of protocol offerings. FPI is unique in that it’s the first stablecoin to track the U.S Consumer Price Index ...
Terra introduces 4pool for UST, FRAX, USDC and USDT stablecoins
The Terra community continues making efforts to emerge as a leader in decentralized finance (DeFi). The network has announced the launch of “4pool” to support the growth and adoption of UST and the FR...
Frax Finance may buy large amounts of major cryptos to back its stablecoin
Frax, an algorithmic stablecoin protocol, is mulling the idea of buying billions of dollars’ worth of native tokens of major blockchains to use as reserve collateral for its stablecoin. The sta...
Frax Finance’s FXS Jumps as Terra Introduces Stablecoin Pool ‘4pool’
Pools currently deployed on Curve are backed by centralized or decentralized stablecoins, wrapped tokens – such as wrapped bitcoin – or a basket of various assets. 4pool, however, will bring together ...
Terra’s Do Kwon Announces Revolutionary Liquidity Pool Launch with UST, USDT, USDC and FRAX
Vladislav Sopov New instrument for liquidity providers will unlock previously unseen opportunities Contents Terra introduces new standard for stablecoin liquidity Terra USD (UST) makes it to Ethereum ...
Frax: a fractional-algorithmic stablecoin
February 25, 2022, 11:52AM EST • 8 min read Quick Take FRAX is a stablecoin that is partially collateralized and partially algorithmic with the use of Frax Shares (FXS) as the seigniorage token. Proto...
Russia Fears Drop Bitcoin While Stable Coins Hold Steady
Digital asset markets start the weekend with price declines. getty In the past 24 hours, bitcoin has dropped almost 5%, falling from $46,000 to less than $43,000, at the time of writing. The factor be...
Stable Coins Benefit As Bitcoin Falls Below $40,000
Bitcoin has fallen below $40,000 for the first time since September 2021. getty In the past 24 hours, bitcoin has fallen over 6%, now sitting below $40,000, the first time since September 2021. From a...
Decentralized Stablecoins To Prosper In 2022! Luna, Convex Finance, And Frax On Fire!
The persistent threat of stablecoin regulation and the centralized nature of USDT and USDC are stimulating the growth of decentralized stablecoins. Digital coins that are pegged to USD appear to be un...