Frax (FRAX) Live Price and charts Today

$FPI Launch (To be)

• Launch of the Frax Price Index, a new protocol within the Frax ecosystem that would serve as an algostable peg for decentralized applications to reference.

Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch

• The official launch is expected soon. 
• The launch will allow users to stake ether (ETH) and receive a liquid derivative token called Frax Ether (frxETH). To receive the yield, users will have to exchange the first derivative token (frxETH) for Staked Frax Ether (sfrxETH), a second token that will accrue staking yield from Frax’s Ethereum validators. It is reported that Frax has finished a security audit of its liquid staking token ahead of a final release on the Ethereum mainnet.
• $frxETH Available to Mint on Frax Finance

Borrowing and Lending Market, Fraxlend Launched

• Fraxlend is Frax's native market for borrowing and lending, which allows anyone to lend or borrow assets with any token that is a part of a Chainlink data feed. Fraxlend will enable the protocol to mint new $FRAX through the borrowing and lending process. Fraxlend allows the Frax Finance protocol to directly lend $FRAX and earn interest through existing money markets. Fraxlend will create more cash flow for Frax Finance, which can be used to buy back and burn its governance token, $FXS.

Proposal of Using 20M $FRAX to Buy Back $FXS Passed by Community

• Stablecoin protocol Frax Finance's community has voted to pass a proposal that proposed using 20m $FRAX to buy back $FXS. The proposal was raised by Frax's co-founders Sam Kazemian and Travis Moore. The $FXS bought back can be burned entirely, placed in veFXS yield, or retained in the treasury until future governance allocates uses.

Frax v3 Launch

• Empowerment of veFXS holders to control the algorithmic market operations through the expansion and contraction of $FRAX supply.

Frax Finance Has Approved Community Proposals to Invest in Anzen and Renaissance Labs

• Frax Finance has approved two proposals through a community vote to make a $500,000 and $250,000 seed round investment in decentralized credit protection protocol Anzen and NEAR-based NFT project Renaissance Labs respectively.

Liquidity Incentive Program Updated

• Frax Finance updated its liquidity incentive program today. The $VSTA liquidity incentive for the $VST/$FRAX pool on Curve will cease at 23:00 UTC on February 25th. Users can then stake Curve LP Token for mining on Frax Finance to earn $FXS and $VSTA rewards.

Frax v2 Launch

• Introduction of algorithmic market operation controllers (AMOs) to enact arbitrary monetary policies through algorithms.

$FRAX, the fractional-algorithmic hybrid designed stablecoin launched in November 2020.

The Project Start Date