Frax Finance Weekly Report #07 | September 2021

Project Updates:

  • It essentially incentivizes more FRAX Curve liquidity since Stake DAO takes FRAX3CRV LP as deposits similar to Curve/Convex.
  • Stake DAO is a whitelisted protocol that can stake veFXS so it will be in Stake DAO’s interest to build up the gauge weight for this in the future.
  • Expand on our already successful partnership which has gotten FRAX a lot of veCRV votes and Stake DAO $50m+ of TVL.
  • Stake DAO can further incentivize this gauge with SDT rewards, doubling the token rewards for users.

About Frax Finance



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Frax Finance Community

Frax Finance Community

Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic.