Frax is building better money and the network it settles on. For onchain DeFi → @fraxfinance For strategic & institutional news → @frax
- Tweets 254
- Following 4
- Followers 3,297
- Likes 5,194
Welcome home.
Any dollar in, one to one. Native on over a dozen chains. Earning every day you hold.
And out to your bank the same day, on the off chance you want to go.
net.frax.com
13
33
126
26,600
JUST IN: @ElectricCapital open sources Quest, its internal AI org harness.
Electric is one of crypto’s most respected investors and research teams.
Now they’re sharing how they deploy agents safely: read freely, write only with clear human approval.
Today we are open sourcing Quest, an AI harness that we built at @ElectricCapital, used by all of our teams every day.
Deploying AI to a whole organization is not easy. We looked at many, many options.
Ultimately, there were two reasons that led us to build our own harness: 🧵
1
17
798
Distribution + functionality. @wbpeck of @WisdomTreeFunds gets it.
That’s why Frax is one of the top holders of WT's WTGXX as frxUSD reserves, and why we keep working together to advance the industry.
Tokenized assets should not just sit on a ledger.
They should empower users.
Will Peck, Head of Digital Assets at WisdomTree, shares his thesis on why tokenizing an asset is worthless without the functionality behind it.
"Wisdom Tree got relief for our money market fund to allow it to trade in the secondary market, but that was just the starting point.
"If Wisdom Tree is tokenizing an ETF that's naturally a Reg NMS security, this also sets up the ways by which it can trade continuously, 24/7, with good pricing around it, which is exactly what clients want."
"This isn't just distribution, it's distribution plus functionality. It's really the functionality that's required to make this like a thing."
2
1
23
1,023
Frax and @GearboxProtocol launch automated one-click RWA leverage powered by frxUSD.
Starting with @MidasRWA mF-ONE, managed by @FasanaraCapital. The first of many more to come.
Curated by @kpk_io.
1/ Frax and Gearbox are unlocking automated RWA leverage.
frxUSD is now the underlying stablecoin asset for @GearboxProtocol's new RWA market, bringing institutional-grade liquidity to one-click RWA leverage, starting with @MidasRWA mF-ONE.
Leave it to two DeFi OGs to unlock RWAfi.
4
7
50
1,558
JUST IN: @SPGlobal is acquiring @OpenZeppelin.
OpenZeppelin contracts power 9 of the top 10 stablecoins and 10 of the top 10 tokenized funds.
Now one of the most trusted names in global markets is buying one of DeFi's core security standards.
Today we are announcing that S&P Global has entered an agreement to acquire OpenZeppelin.
Onchain finance is growing from an emerging market into core financial infrastructure, and the standards and rails our team and community built are becoming the rails of global finance. OpenZeppelin smart contracts facilitated over $37 trillion in value transferred, with the vast majority of the largest DeFi protocols, blockchain networks, stablecoins and tokenized funds relying on them.
With S&P Global, we expect to accelerate the impact of onchain finance, backed by more than a century of trust in global markets, benchmarks, and risk frameworks.
To our clients and to all the users of OpenZeppelin open source tools:
• OpenZeppelin Contracts and all our open source applications and tools remain open source, free, and publicly maintained on GitHub. Building open source standards stays a core priority.
• Audits, engineering work, and ecosystem programs continue with the same team, brand, quality, and customer experience, with what will be the added benefit of S&P Global's research capacity, market data, and institutional reach.
For the last decade, OpenZeppelin has set the security standard for onchain finance. Today begins a new chapter for that mission, together with one of the most trusted names in global markets.
Read the full announcement: openzeppelin.com/news/spglob…
2
3
21
1,916
BREAKING: @LayerZero_Core introduces ATLAS, a headless exchange backend for 24/7 global markets.
Any venue. Any asset. Any market. Built for CEX-level execution with onchain settlement.
First came better money technology.
Now comes better markets technology.
5
7
74
4,480
BREAKING: @base just launched tokenized stocks.
1:1-backed equities, live onchain, 24/7.
Stocks are becoming programmable assets. The next market structure cycle is here.
Stocks have been updated
Coinbase Tokenized Stocks are live on Base
- Available 24/7, 365
- Composable across Base DeFi
- Own the underlying share held in a regulated trust, backed 1:1
Live now, with new stocks coming soon
1
5
42
2,564
Frax retweeted
🇺🇸JUST IN:
While a revolution is taking place in the financial capital of the world, @fraxfinance is already positioned.
ethereum:0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0 is a U.S. based token.
President Trump Delivers Remarks with Technology Leaders nitter.net/i/broadcasts/1pJdRDaag…
1
7
33
1,606
Source: theblock.co/news/business/20…
¤ Frax take: Banks are coming onchain for the benefits of digital assets, stablecoins, and tokenization.
The projects already operating onchain have the most to gain as the financial system catches up.
1
6
1,794
FraxNet will be especially useful for the future we are unapologetically snowballing towards: every consumer brand will either launch some form of a digital dollar or utilize stablecoins as a form of payment.
Walmart token, Amazon coin, Winn Dixie dollar, its all possible, and potentially likely.
Then think about integrating those "loyalty" dollars in with stablecoins as we know them today, as well as with fiat rails.
Sounds complex, and it certainly is. FraxNet enables native transfers throughout this world and earning on every dollar you hold in their systems.
Working alongside Sam and the team for the last year has shown us that they are heads down shipping & want to win. More on their numbers and revenues in an upcoming quarterly livestream on The Rollup.
Stablecoin supercycle.
Welcome home.
Any dollar in, one to one. Native on over a dozen chains. Earning every day you hold.
And out to your bank the same day, on the off chance you want to go.
net.frax.com
8
22
76
16,939
JUST IN: Unemployment dropped to 4.1%, its lowest level in two years.
But the economy also lost 23,000 jobs in July.
Lower unemployment, but weaker payrolls.
These mixed labor prints can move rates, the dollar, and risk assets in different directions. Expect volatility.
1
2
22
1,163
