Frax expands frxUSD across Tempo and Aave as Morpho vault tops $1M and LayerZero security work advances

Frax’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

More coverage

• [TEMP CHECK] Onboard frxUSD to Aave v3 Ethereum Core Instance (governance.aave.com)
• [ARFC] Onboard frxUSD to Aave V3 Core Instance on Ethereum (governance.aave.com)
• Frax frxUSD Goes Live on Aave V4 Launch as a Default Stablecoin (usatoday.com)
• Frax frxUSD Goes Live on Aave V4 Launch as a Default Stablecoin (macaubusiness.com)
• Dépôts Aave V4 Ethereum à 70M$, USDG et frxUSD en tête - Phemex (phemex.com)

Explore the topic

• LayerZero
• Vaults
• Tempo
• Morpho