FIP #421 is live! The proposal furthers Frax USD's @Superstatefunds partnership allowing redeemability with $USTB (tbills) backing the frxUSD stablecoin creating an institutional-grade fiat on/off ramp for deep utility in real-world apps & payment systems. 🤝
FIP #420 for adding $USCC to the new Frax USD stablecoin is now live for voting by $FXS holders. This strategic partnership allows for @rleshner’s @Superstatefunds RWA entity to mint-redeem frxUSD using their proprietary carry-trade system 🚀
As part of our longstanding positive-sum partnership with the DeFi legends at Curve, LlamaLend is now on Fraxtal, our Top 14 L2, where DeFi super users transact.
@CurveFinance's native Llamalend deployment is officially live on Fraxtal! Some extremely juicy lend APRs+points for crvUSD lenders in multiple markets & great borrowing opportunities for sFRAX, sfrxETH, & FXS leveragooors soon 👀
1/ After a productive week at Token2049, our team has been reflecting on the progress we've made over the past four years and the ecosystem we've built.
We are not just building the decentralized central bank of crypto; we are founding a DeFi nation👇