Frax is conducting a token airdrop to reward our supporters and welcome new users.
Do you meet the requirements to claim the incentives? 👀
Check if you're eligible down below:
➡ https://t.co/kzjGnTr34j
1/🚀 Exciting news! DoveSwap is thrilled to launch the first @fraxfinance pools on @0xPolygonDeFi zkEVM @ 4.30pm EST today, bringing users staked ETH returns!
Introducing:
🔹 FRAX/USDC
🔹 frxETH/ETH
🔹 frxETH/sfrxETH
But what are these tokens, and why should you care? 🤔🧵
1/ Stablecoins are already a foundational primitive of DeFi and #crypto but their growth and evolution is just beginning.
On Stablecoin Maximalism - what it is, what essential structure allows stables to scale, and why @fraxfinance is the leader of this movement.
🧵👇
The stablecoin trilemma:
• Stability
• Scalability
• Decentralization
With $FRAX V3, @fraxfinance is closing in on fulfilling this trinity.
A short 🧵 on recent performance and upcoming developments📊
We’d like to thank the $PEPE community for an exponential growth week of MEV revenue (green bars) for sfrxETH users. Reminder that all PoS rewards are distributed to sfrxETH so the projected PoS APR for Staked Frax Ether is 9.75% and rising! 📈 🤯
$RPL / $rETH ratio: 1.57
$FXS / $frxETH ratio: 1.58
RPL is just an LSD provider.
@fraxfinance is an LSD provider, the issuer of a $1B+ stablecoin, has Fraxlend, Fraxswap with $100M+ of TVL each and other products.
frxETH is also growing faster than rETH.
Your pick.
Flashback Friday to our interview with @wavey0x when he called the Frax community nuanced and not offended when it came to his questions about frxETH ⚡️