Frax expands frxUSD across Tempo and Aave as Morpho vault tops $1M and LayerZero security work advances
news.frax •
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Promote with Leviathan NewsFrax’s latest biweekly update is mostly frxUSD distribution: Aave raised supply and borrow caps, Tempo added frxUSD day one, a Morpho/AlphaPing/Inverse vault crossed $1M, and Curve PegKeeper pools with Coinshift and PikuDAO are showing 28%+ and 150%+ APR incentives. On infra, the team advanced LayerZero DVN hardening, added Canary and Nethermind DVNs with explicit confirmations, kept building OFT rate limiters and circuit breakers, and fixed a Solana-to-Fraxtal/Ethereum FUI bridge compute-unit bug. EtherFi Cash has now spent over $100K in frxUSD, which matters because Frax is clearly trying to make frxUSD a default stablecoin rail, not just another Curve pair.
TLDR by @Benthic
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