1/ frxUSD is LIVE 🥳

Today we're launching our new flagship stablecoin $frxUSD, and savings yield $sfrxUSD, in partnership with @BlackRock and @superstatefunds.

It's a new era, but we're still Frax. Here's what you need to know👇 2/ Best of Both Worlds 🌍
$frxUSD is a first of its kind stablecoin that separates issuance from custody. We've partnered with leading institutions to allow frxUSD to be mintable-redeemable with cash while giving you the high onchain yields we're known for with $sfrxUSD.

1/ BAMM💥
To have a DeFi renaissance, you need DeFi innnovation.

Introducing the Borrow Automated Market Maker (BAMM), a novel DeFi primitive that will change token borrowing & swapping forever. Access leverage for any token, without oracles or permission.

Here's how it works👇 2/ Traditional AMMs have a major drawback. They lock up valuable idle LP assets, hurting capital efficiency. BAMM unlocks LP tokens for lending. It's a culmination of all of our DeFi expertise in swapping, lending, and incentive design, in order to maximize AMM potential for all.

1/ It's been four years since our launch, and we're proud to have championed decentralized stablecoin innovation since day one.

As stablecoin adoption grows, we are making changes to unlock growth and onboard the next billion users to DeFi. This is our Visi¤n. 2/ The Frax logo embodies our mission. Many don't know it's the ASCII symbol for a nationless currency. It has become the symbol for Frax's nation, where crypto-natives thrive.

Still, for the next wave of retail DeFi users, it's important to have USD in our stablecoin name.

1/ 𝗙𝗿𝗮𝘅 $FXS 🤝 𝗡𝗘𝗔𝗥 $NEAR
AI in crypto is going to change how the world interacts with money.

Time for a highlight reel of our partnership with @NEARProtocol, furthering our positive sum multi-chain vision, powered by programmable money and user-owned AI👇 2/ What's NEAR?
@NEARProtocol is the chain abstraction stack, enabling builders to create apps that scale to billions of users across all blockchains.

Chain abstraction allows NEAR to sign transactions for any chain. NEAR sharding enables massive scaling in parallel partitions.

Today FRAX v3's $FXB module goes live! This
completes the FRAX v3 design and all new feature deployment. This is a watershed moment because of the unique design and utility of FXBs within DeFi.

🧵 FXBs (Frax Bonds) are decentralized utility tokens that convert into 1 FRAX stablecoin trustlessly when they mature. FXBs can have any unix timestamp as their maturity date that veFXS governance approves so there will be multiple FXBs circulating in the future onchain.