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Tag: Frax finance

Frax Finance has voted to fully collateralizing

The community behind the decentralized financial stablecoin protocol Frax Finance has agreed to completely collateralize its native stablecoin Frax (FRAX), putting an end to...

Kraken Settles With SEC, Shuts Down Crypto Staking Service

Kraken, the crypto exchange founded by Jesse Powell, has agreed to terminate its staking-as-a-service platform for its US-based customers and pay a $30 million...

Biggest Crypto Gainers Today – January 29

Join Our Telegram channel to stay up to date on breaking news coverage In a relatively stable crypto market, a few cryptocurrencies have managed to...

Index Coop Launches Diversified Staked ETH Token

dsETH Includes Rocket Pool’s rETH, Lido’s stETH and Stakewise’s sETH2. As the liquid staking sector heats up ahead of potential ETH withdrawals in March, solutions...

Frax Triples in Value as Stablecoin Takes Shape

Hello Defiers! Here’s what we are covering today! NewsThe Defiant InterviewPodcastVideoToday’s SponsorsChainalysis is on a mission to build trust in crypto for a global economy...

Frax Triples in Value Amid the Wreckage of FTX

Buoyed by the fast growth of its lending and liquid staking businesses, stablecoin issuer Frax Finance is on a tear to start the new...

Ethereum-Based Frax Finance (FXS) Is Up 64%, Is There Still Opportunity?

In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With...

Stablecoins Seek to Regain, Well, Stability in 2023

Stablecoins Used to be Immune to Stress — Now they Must Withstand Volatility Of all the instruments in crypto, stablecoins may have the most utility. These...

Stablecoins Show Signs of Stabilizing After FTX Storm

TVL for Top Five Stablecoins Falls 18% Since FTX Meltdown Just as stablecoins were becoming, well, stable again after the $60B collapse of the Terra...

Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend

Algorithmic stablecoin protocol Frax Finance has launched its own lending marketplace Fraxlend, where any user can lend and borrow using any token belonging to...

DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins

Key Takeaways Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin. FRAX maintains its peg through a dual collateral-backed and algorithmic...

Alchemix: Real Magic at Work or a Brewing SCAM?

I first heard of Alchemix through an acquaintance when I was bemoaning about how I am rubbish at making money from crypto. What caught my attention about Alchemix was: self-paying loans. That was the magic phrase. My ears shot up like rabbits upon hearing the sound of a predator coming. So many questions followed. Of […]

The post Alchemix: Real Magic at Work or a Brewing SCAM? appeared first on Coin Bureau.

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