We’re aware of the reported incident affecting Binance. Frax assets and smart contracts are unaffected and operating normally. User and protocol funds remain safe. Some partners, including LayerZero, have temporarily paused operations as a precaution and should resume soon.

New frxUSD Tangent Market 👀 The frxUSD/crvUSD PegKeeper on @CurveFinance has been a steady earner: $15M+ deep, earning 5%+ boosted. Now that LP is collateral too. Borrow USG against it on @Tangent_fi, with bootstrapping incentives active. Get started: app.tangent.finance/0xE1065B…

Start your week off with rewards. sfrxUSD continues to deliver the highest risk-adjusted yield on stables. Earn over 5% APY with set-it-and-forget-it savings. 💰 Get started: frax.com/earn

Live right now!!!! Join myself and @SeanKelleyX from @Frax!! JOIN EM UP 👇

Axios reported this morning that Visa was in talks to buy Fireblocks, but Fireblocks denied it. At DAS, Sam told us the big businesses Frax works with don't want to just route stablecoins through Visa. They want to custody regulated stablecoins directly. Feels like the custody layer is quietly becoming the prize. @samkazemian

Congratulations to our friends at @aeroxyz on the smooth takeoff 🛫 Frax is on board.

Following today's PHP, Node.js, and Railway security alerts, Frax reviewed our infrastructure and confirmed no exposure. Frax products and user funds remain safe, as they have throughout our 5+ years of operation. Security is our product.

The stablecoin race is usually scored by market cap. Sean Kelley thinks that's the wrong scoreboard. He says Frax and Gearbox have built the plumbing for fraxUSD's growth, and more is coming. "There are plenty of larger stablecoins." "But what actually matters is, are those stablecoins being put to work?" "With Gearbox and Frax, we've created the market structure for all of this opportunity to take place." "That's why you're seeing fraxUSD become the number two subscription asset for a Midas asset, after USDC." "It's just adoption from here." "This is really just the beginning." @SeanKelleyX @fraxfinance @GearboxProtocol ethereum:0x853d955acef822db058eb8505911ed77f175b99e

Sean Kelley of @Frax claims only 10% of RWAs onchain are actually being utilized in DeFi. "If you look at RWAs right now, we talk about RWAs all the time, and there's these massive numbers of RWAs already. But if you look at the utilization in DeFi, it's something like only 10% are doing something with the RWAs. They're just sitting there." "The important thing about RWAs is, as a high-quality, high-yield source, they should be integrated into DeFi and used to the maximum extent possible, because that's what we do in DeFi. We take advantage of these assets as people want them." "This is the solution to really unlock the next stage of RWA growth, and you're going to see a lot of RWA asset issuers come on board. A lot of chains also looking for solutions like this that want to add these high-quality assets and solutions."

If you're in Vegas for @money2020, catch our founder and CEO @samkazemian at @TokenizeCon speaking today on "Stablecoins: Past, Present, and Future." 📅 Oct 21, 2:20PM 📍 Tokenize! Main Stage

Catch our VP of Partnerships and Comms, @SeanKelleyX, on The Rollup now, talking about our partnership with @GearboxProtocol to unlock RWA leverage and how big this product can get. nitter.siddz.com/i/broadcasts/1DGleVybl…

Our VP of Partnerships, @SeanKelleyX, will be discussing Frax’s collaboration with the @giga_dex team on @RobinhoodCrypto this Friday.

The frxUSD model in action. @alandalexyz is using Frax’s positive-sum rewards-sharing model to build deeper, protocol-owned liquidity while generating sustainable revenue for its ecosystem. frxUSD/USDG and frxUSD/SPY are now live. More productive DeFi on @RobinhoodCrypto.

We are excited to have frxUSD as a default stablecoin on @fablesfi markets on @RobinhoodCrypto, paired with: ¤ @ArrowFinanceio aUSD ¤ @owndotmoney eUSD ¤ @Saffron SFI ¤ more to come... As always, Frax operates in positive-sum with DeFi innovators.

Sam Kazemian says FraxNet is positioned as the end game because Frax has direct relationships with SuperState, WisdomTree and Securitize "I think that's actually the end game. We're even better positioned to do exactly that because of FraxUSD, we have direct relationships with Superstate, WisdomTree, Securitize, you name it. Midas just added FraxUSD as a subscription asset." "If you have a FraxNet account, you can through us mint and redeem, because we issue FraxUSD and have the direct relationship with all of them. So we can already provide essentially a passport ID to be able to do that." "I wish eventually we could do it with ZK, but it has to do with the end issuer."

"Rebundling of Finance" Our founder & CEO, @samkazemian, takes the stage at the Ethereum Stablecoin Summit in Las Vegas during @money2020 to discuss the role Frax and stablecoins will play in rewiring financial markets. 🕝 2:30 PM PT 📍 Las Vegas ethsummit.com