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Frax Finance Selects BlackRock's BUIDL as Contingent Asset for Frax USD - Cryptoeconomics
The Frax Finance community has voted to accept BlackRock's BUIDL as the contingent asset for the proposed Frax USD (frxUSD) stablecoin, with voting open until January 1, 2025.
The #Frax financial community is wondering whether to adopt #BlackRock Institutional's USD Digital Liquidity Fund (BUIDL) as the back-up asset for the proposed Frax USD (frxUSD) stablecoin. BUIDL), and has launched an important voting process to decide whether to accept it.
The voting process, which began on December 26, 2024, will be open until January 1, 2025. So far, all Decentralized Finance (DeFi) Lending Protocol (FXS) token holders have voted in favor.
According to the voting summary, BlackRock's BUIDL as a backup asset for Frax USD Acceptance could bring several benefits. These include creating revenue opportunities, increasing liquidity, improving transfer options and reducing counterparty risk with the support of BlackRock.
Originally introduced by Securitize, a real asset tokenization platform, this service is an institutional
This proposal has received significant support from the Frax Finance community. In a discussion on December 22, a user with the nickname achaffee user with the nickname RWA, highlighted the potential for tokenized real-world assets (RWAs) to bridge the gap between traditional finance and #DeFi .
achaffee noted that RWAs are a great bridge because they allow institutional-level investments to be included on the #blockchain . He stated. This view is shared by others in the community, who believe that BlackRock's BUIDL integration could be an important evolution in how decentralized players manage their financial resources.
BlackRock's BUIDL fund will launch on March 15, 2024. Less than four months after the launch, which will take place on March 15, 2024, the fund has more than $500 million in assets under management, is pegged 1:1 to the USD and pays daily accrued dividends directly to investors thanks to a partnership with Securitisation The fund
Read us at: Compass Investments
#GlobalCrypto
The #Frax financial community is wondering whether to adopt #BlackRock Institutional's USD Digital Liquidity Fund (BUIDL) as the back-up asset for the proposed Frax USD (frxUSD) stablecoin. BUIDL), and has launched an important voting process to decide whether to accept it.
The voting process, which began on December 26, 2024, will be open until January 1, 2025. So far, all Decentralized Finance (DeFi) Lending Protocol (FXS) token holders have voted in favor.
According to the voting summary, BlackRock's BUIDL as a backup asset for Frax USD Acceptance could bring several benefits. These include creating revenue opportunities, increasing liquidity, improving transfer options and reducing counterparty risk with the support of BlackRock.
Originally introduced by Securitize, a real asset tokenization platform, this service is an institutional
This proposal has received significant support from the Frax Finance community. In a discussion on December 22, a user with the nickname achaffee user with the nickname RWA, highlighted the potential for tokenized real-world assets (RWAs) to bridge the gap between traditional finance and #DeFi .
achaffee noted that RWAs are a great bridge because they allow institutional-level investments to be included on the #blockchain . He stated. This view is shared by others in the community, who believe that BlackRock's BUIDL integration could be an important evolution in how decentralized players manage their financial resources.
BlackRock's BUIDL fund will launch on March 15, 2024. Less than four months after the launch, which will take place on March 15, 2024, the fund has more than $500 million in assets under management, is pegged 1:1 to the USD and pays daily accrued dividends directly to investors thanks to a partnership with Securitisation The fund
Read us at: Compass Investments
#GlobalCrypto
🌟 Frax (FXS): Bullish Outlook with Bitcoin Momentum 🌟
$FXS
Current Price: $4.096
24-Hour Range:
High: $4.396
Low: $3.293
💥 Market Momentum
FXS is gaining traction, powered by Bitcoin's market-leading momentum. As BTC drives the overall market, FXS is poised to follow suit with potential for growth in the short term.
🔑 Key Levels to Watch
Resistance: $4.396 - A breakout here could send FXS to $4.50–$4.70.
Support: $3.29 - A crucial support level that could act as a strong foundation for future gains.
🚀 Price Prediction
With Bitcoin's continued rise, FXS has the potential to hit $4.50–$4.80 in the near future, making it an attractive investment for those looking to capitalize on the bullish trend.
#Frax #FXS #BitcoinMomentum #CryptoGrowth #BullishTrend
$FXS
Current Price: $4.096
24-Hour Range:
High: $4.396
Low: $3.293
💥 Market Momentum
FXS is gaining traction, powered by Bitcoin's market-leading momentum. As BTC drives the overall market, FXS is poised to follow suit with potential for growth in the short term.
🔑 Key Levels to Watch
Resistance: $4.396 - A breakout here could send FXS to $4.50–$4.70.
Support: $3.29 - A crucial support level that could act as a strong foundation for future gains.
🚀 Price Prediction
With Bitcoin's continued rise, FXS has the potential to hit $4.50–$4.80 in the near future, making it an attractive investment for those looking to capitalize on the bullish trend.
#Frax #FXS #BitcoinMomentum #CryptoGrowth #BullishTrend
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$FXS
Frax Finance announces it is collaborating with the related project IQ to develop an AI technology stack.
1. Collaboration to develop AI technology stack: The decentralized stablecoin protocol Frax Finance announces that it is working with the associated project IQ to develop a set of AI technology stack called "AIVM."
2. Features of the technology stack: The "AIVM" technology stack is a parallel blockchain developed internally within the project Layer2 rollup protocol Fraxtal, utilizing a new inference proof consensus system. The inference proof mechanism uses artificial intelligence and machine learning models to validate transactions on the blockchain network.
3. Autonomy of AI agents: Frax claims that the AI technology stack will enable AI agents to achieve full autonomy, without a single point of control, ultimately aiding in a more seamless collaboration between AI and blockchain.
4. Technology stack and Frax's vision: The upcoming technology stack is part of Frax's new Frax Universal Interface (FUI) proposed in its 2025 vision roadmap, which includes strategies to become a decentralized central bank for cryptocurrency. Other updates in the roadmap include a rebranding of its FRAX stablecoin and a network upgrade through a hard fork.
5. Perspective of IQ's CTO: IQ's Chief Technology Officer Cesar Rodriguez stated that, due to this joint venture, launching tokenized AI agents with IQ ATP on Fraxtal's AIVM will differ from any other release platform, sovereignty, and on-chain [AI] for cryptocurrency and artificial intelligence, marking a moment where token holders possess agents from 0 to 1.
#frax #fxs
Frax Finance announces it is collaborating with the related project IQ to develop an AI technology stack.
1. Collaboration to develop AI technology stack: The decentralized stablecoin protocol Frax Finance announces that it is working with the associated project IQ to develop a set of AI technology stack called "AIVM."
2. Features of the technology stack: The "AIVM" technology stack is a parallel blockchain developed internally within the project Layer2 rollup protocol Fraxtal, utilizing a new inference proof consensus system. The inference proof mechanism uses artificial intelligence and machine learning models to validate transactions on the blockchain network.
3. Autonomy of AI agents: Frax claims that the AI technology stack will enable AI agents to achieve full autonomy, without a single point of control, ultimately aiding in a more seamless collaboration between AI and blockchain.
4. Technology stack and Frax's vision: The upcoming technology stack is part of Frax's new Frax Universal Interface (FUI) proposed in its 2025 vision roadmap, which includes strategies to become a decentralized central bank for cryptocurrency. Other updates in the roadmap include a rebranding of its FRAX stablecoin and a network upgrade through a hard fork.
5. Perspective of IQ's CTO: IQ's Chief Technology Officer Cesar Rodriguez stated that, due to this joint venture, launching tokenized AI agents with IQ ATP on Fraxtal's AIVM will differ from any other release platform, sovereignty, and on-chain [AI] for cryptocurrency and artificial intelligence, marking a moment where token holders possess agents from 0 to 1.
#frax #fxs