Frax USD (FRXUSD)

frxUSD had two integrations drop within 48 hours of each other. I do not think people clocked what that means together.

The first one: @0xCoinshift USPC is now a frxUSD PegKeeper. USPC is not just another stablecoin. It is institutional private credit yield brought onchain.

@fraxfinance did not just add a new liquidity partner. They plugged real world lending returns directly into their peg mechanism.

The second one: @piku_dao launched a frxUSD/USP pool on @CurveFinance with $700 WFRAX and 47,000 $PIKU in weekly rewards. They have also put Proposal 33 to a vote, seeking to allocate $20,000 from the PikuDAO treasury directly into that pool, split evenly between frxUSD and USP.

A new protocol did not just integrate frxUSD. They are now asking their community to back it with real treasury capital.

One integration came from the institutional side. The other came from a community DAO building their entire liquidity stack around frxUSD.

Both chose the same stablecoin.

There is a pattern forming here. frxUS

All frxUSD metrics on @ether_fi continue to trend up and to the right.

One whale spent over $6k in frxUSD last week, earning a well-deserved win for biggest spender.

We’re extending our rewards campaign so more people can benefit from using frxUSD as their default stablecoin. https://t.co/bf4fXNHMVR

Proposal 30: Joint Liquidity Incentivization: frxUSD/USP Curve Pool

Pool: frxUSD/USP on Curve
Frax: $100 in frxUSD/day
Piku: 6,844.63 PIKU/day
Goal: To bootstrap institutional-grade liquidity and enable "Yield-Stacked" opportunities for LPs

8-week co-incentive program with @fraxfinance has just been proposed!

Snapshot Link: https://t.co/fvwjuvVgsl

Curve Link: https://t.co/BxXMXN6bL4