# Latest

**URL:** https://gov.frax.finance/latest.md

[Latest](https://gov.frax.finance/latest.md) · [Categories](https://gov.frax.finance/categories.md)

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## [Welcome to the Frax Community Forums](https://gov.frax.finance/t/welcome-to-the-frax-community-forums/7)

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**Author:** [@system](https://gov.frax.finance/u/system)\
**Replies:** 0\
**Last updated:** [April 7, 2021, 9:41pm UTC](https://gov.frax.finance/t/welcome-to-the-frax-community-forums/7 "2021-04-07T21:41:04Z")

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The first paragraph of this pinned topic will be visible as a welcome message to all new visitors on your homepage. It’s important! Edit this into a brief description of your community: Who is it for? What can they fi…

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## [Open discussion on the mechanics of the forthcoming veFRAX revenue share governance vote](https://gov.frax.finance/t/open-discussion-on-the-mechanics-of-the-forthcoming-vefrax-revenue-share-governance-vote/3852)

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**Author:** [@sigmund.frax](https://gov.frax.finance/u/sigmund.frax)\
**Replies:** 4\
**Last updated:** [September 1, 2026, 6:50am UTC](https://gov.frax.finance/t/open-discussion-on-the-mechanics-of-the-forthcoming-vefrax-revenue-share-governance-vote/3852 "2026-09-01T06:50:06Z")

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Author: sigmund.frax This post is intended to open a discussion about what others think about the mechanics of the forthcoming governance vote on veFRAX revenue share. Rationale FIP-441 \[FIP - 441\] $FRAX: 1 Token, 1 M…

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## [\[FIP - 450\] Add Gearbox Institutional RWA Market to sfrxUSD Strategies](https://gov.frax.finance/t/fip-450-add-gearbox-institutional-rwa-market-to-sfrxusd-strategies/3884)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 3\
**Last updated:** [August 19, 2026, 3:30pm UTC](https://gov.frax.finance/t/fip-450-add-gearbox-institutional-rwa-market-to-sfrxusd-strategies/3884 "2026-08-19T15:30:36Z")

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Authors: Frax Core Team Summary This proposal adds the Gearbox Institutional RWA lending market to the sfrxUSD AMO whitelist with a cap of $5,000,000. The market is an frxUSD-denominated lending pool collateralized e…

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## [\[FIP-451\] Add Royco SLP to sfrxUSD Strategies](https://gov.frax.finance/t/fip-451-add-royco-slp-to-sfrxusd-strategies/3883)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 4\
**Last updated:** [August 19, 2026, 3:30pm UTC](https://gov.frax.finance/t/fip-451-add-royco-slp-to-sfrxusd-strategies/3883 "2026-08-19T15:30:27Z")

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Authors Frax Core Team Summary This proposal seeks to authorize the sfrxUSD strategy framework to allocate up to 1,000,000 frxUSD into the Royco SLP. The objective is to provide redemption liquidity for sr-srRoyUSDC wh…

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## [Compensate for the WFRAX Illamalend Market's Bad Debt](https://gov.frax.finance/t/compensate-for-the-wfrax-illamalend-markets-bad-debt/3839)

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**Author:** [@Fraxtothemax](https://gov.frax.finance/u/Fraxtothemax)\
**Replies:** 4\
**Last updated:** [August 17, 2026, 4:41pm UTC](https://gov.frax.finance/t/compensate-for-the-wfrax-illamalend-markets-bad-debt/3839 "2026-08-17T16:41:05Z")

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Summary: Compensate for the bad debt from the WFRAX Illamalend Market on Fraxtal. Author: Astral Protocol: Increasing liquidity provider returns through layered yield strategies, liquidity pools and yield bearing vaul…

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## [Frax Gauge Emissions Retirement Timeline](https://gov.frax.finance/t/frax-gauge-emissions-retirement-timeline/3882)

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**Author:** [@Fraxtothemax](https://gov.frax.finance/u/Fraxtothemax)\
**Replies:** 0\
**Last updated:** [August 2, 2026, 12:14am UTC](https://gov.frax.finance/t/frax-gauge-emissions-retirement-timeline/3882 "2026-08-02T00:14:37Z")

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I’ve read in several areas that Frax Gauge emissions will eventually be retired. Does anyone have any idea of when? This year? Later? I’m asking because the primary value add of sdFXS is revenue from gauge emission brib…

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## [\[TempCheck\] Seed bdUSD/frxUSD Morpho Market](https://gov.frax.finance/t/tempcheck-seed-bdusd-frxusd-morpho-market/3868)

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**Author:** [@BitcoinDollar](https://gov.frax.finance/u/BitcoinDollar)\
**Replies:** 0\
**Last updated:** [July 10, 2026, 5:56pm UTC](https://gov.frax.finance/t/tempcheck-seed-bdusd-frxusd-morpho-market/3868 "2026-07-10T17:56:47Z")

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Hello From Bitcoin Dollar, We are a founding team of crypto veterans including former Founding Engineer - EtherFi, Head of Research - Bullish Treasury, Head of Credit - Credora, CTO - Keyring, Qenta, Alicenet. Backed by…

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## [\[FIP - 449\] EchoMarket Creator & Distribution Program for Frax Finance](https://gov.frax.finance/t/fip-449-echomarket-creator-distribution-program-for-frax-finance/3862)

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**Author:** [@Echomarket](https://gov.frax.finance/u/Echomarket)\
**Replies:** 4\
**Last updated:** [July 5, 2026, 5:46pm UTC](https://gov.frax.finance/t/fip-449-echomarket-creator-distribution-program-for-frax-finance/3862 "2026-07-05T17:46:38Z")

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Authors: EchoMarket Team Summary This proposal requests 42,000 wFRAX over a 6-month period to expand Frax Finance’s creator and distribution network through EchoMarket. Budget allocation: 30,000 wFRAX for Frax Forc…

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## [\[Temp Check\] FIP: Introduce Flexible Early Redemptions for Locked Ethereum Pools with a 4% Penalty](https://gov.frax.finance/t/temp-check-fip-introduce-flexible-early-redemptions-for-locked-ethereum-pools-with-a-4-penalty/3866)

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**Author:** [@Dogw00d](https://gov.frax.finance/u/Dogw00d)\
**Replies:** 0\
**Last updated:** [July 3, 2026, 6:59pm UTC](https://gov.frax.finance/t/temp-check-fip-introduce-flexible-early-redemptions-for-locked-ethereum-pools-with-a-4-penalty/3866 "2026-07-03T18:59:19Z")

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Hi Frax Community, I’m an ecosystem investor who has been closely following Frax’s incredible progress, especially the strategic pivot towards the Fraxtal Chain. As the protocol naturally shifts its priorities toward s…

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## [\[FIP-448\] Wind Down the Frax Price Index (FPI) System](https://gov.frax.finance/t/fip-448-wind-down-the-frax-price-index-fpi-system/3861)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 2\
**Last updated:** [June 23, 2026, 1:37pm UTC](https://gov.frax.finance/t/fip-448-wind-down-the-frax-price-index-fpi-system/3861 "2026-06-23T13:37:42Z")

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Authors Frax Core Team Summary This proposal seeks to wind down the Frax Price Index (FPI) system and retire FPI as an active product within the Frax ecosystem. While FPI was an innovative attempt to create an inflation…

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## [\[FIP - 446\] Early withdrawal of stkcvxSTGFRAXBP and stkcvxCOILFRAXBP](https://gov.frax.finance/t/fip-446-early-withdrawal-of-stkcvxstgfraxbp-and-stkcvxcoilfraxbp/3851)

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**Author:** [@Dogw00d](https://gov.frax.finance/u/Dogw00d)\
**Replies:** 2\
**Last updated:** [June 17, 2026, 10:29pm UTC](https://gov.frax.finance/t/fip-446-early-withdrawal-of-stkcvxstgfraxbp-and-stkcvxcoilfraxbp/3851 "2026-06-17T22:29:51Z")

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Author: Dogw00d This FIP is to pass an early withdrawal of the Convex pools stkcvxSTGFRAXBP and stkcvxCOILFRAXBP. Since December 2025 the rewards per period have been near zero with pools no longer serving the long term…

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## [\[FIP-447\] Increase Aave v4 Allocation Cap for sfrxUSD Strategy from 20M to 50M](https://gov.frax.finance/t/fip-447-increase-aave-v4-allocation-cap-for-sfrxusd-strategy-from-20m-to-50m/3850)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 2\
**Last updated:** [June 15, 2026, 4:47pm UTC](https://gov.frax.finance/t/fip-447-increase-aave-v4-allocation-cap-for-sfrxusd-strategy-from-20m-to-50m/3850 "2026-06-15T16:47:44Z")

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Authors Frax Core Team Summary This proposal seeks to increase the maximum allocation of frxUSD from the sfrxUSD strategy framework into Aave v4 from $20 million to $50 million. The primary objective is to support the l…

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## [\[TempCheck\] Early withdrawal of stkcvxSTGFRAXBP and stkcvxCOILFRAXBP](https://gov.frax.finance/t/tempcheck-early-withdrawal-of-stkcvxstgfraxbp-and-stkcvxcoilfraxbp/3848)

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**Author:** [@Dogw00d](https://gov.frax.finance/u/Dogw00d)\
**Replies:** 4\
**Last updated:** [June 7, 2026, 6:09pm UTC](https://gov.frax.finance/t/tempcheck-early-withdrawal-of-stkcvxstgfraxbp-and-stkcvxcoilfraxbp/3848 "2026-06-07T18:09:03Z")

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Author: Dogw00d This post is to see what others think about an early withdrawal of the Convex pools stkcvxSTGFRAXBP and stkcvxCOILFRAXBP. Since December 2025 the rewards per period have been near zero with pools no long…

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## [\[FIP - 445\] Discontinue OFT token support on deprecated and inactive chains](https://gov.frax.finance/t/fip-445-discontinue-oft-token-support-on-deprecated-and-inactive-chains/3847)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 1\
**Last updated:** [May 26, 2026, 6:49pm UTC](https://gov.frax.finance/t/fip-445-discontinue-oft-token-support-on-deprecated-and-inactive-chains/3847 "2026-05-26T18:49:47Z")

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Authors Frax Core Team Summary This proposal discontinues Native OFT Token issuance for specific chains that are either officially deprecated by their core teams or have exhibited prolonged inactivity and minimal user a…

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## [\[FIP - 444\] Add sGHO and USCC to sfrxUSD Strategies](https://gov.frax.finance/t/fip-444-add-sgho-and-uscc-to-sfrxusd-strategies/3846)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 7\
**Last updated:** [April 22, 2026, 5:53pm UTC](https://gov.frax.finance/t/fip-444-add-sgho-and-uscc-to-sfrxusd-strategies/3846 "2026-04-22T17:53:01Z")

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Authors Frax Core Team Summary This proposal seeks to expand sfrxUSD strategies by adding exposure to sGHO (with a $10M cap) and USCC (with a $20M cap). The objective is to enhance yield generation while maintaining di…

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## [\[FIP - 443\] sfrxUSD New Strategies: Aave v4 & Morpho Vault Integrations](https://gov.frax.finance/t/fip-443-sfrxusd-new-strategies-aave-v4-morpho-vault-integrations/3845)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 1\
**Last updated:** [March 29, 2026, 6:12am UTC](https://gov.frax.finance/t/fip-443-sfrxusd-new-strategies-aave-v4-morpho-vault-integrations/3845 "2026-03-29T06:12:29Z")

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Authors Frax Core Team Summary This proposal builds on FIP-434 by adding new lending and vault-based AMO strategies for sfrxUSD. The objective is to expand frxUSD deployment across major lending infrastructure and cura…

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## [\[FIP-442\] Optional Early Exit for the Legacy crvUSD/L-FRAX Convex FRAX Vault (4% Fee)](https://gov.frax.finance/t/fip-442-optional-early-exit-for-the-legacy-crvusd-l-frax-convex-frax-vault-4-fee/3837)

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**Author:** [@Mockingbird](https://gov.frax.finance/u/Mockingbird)\
**Replies:** 13\
**Last updated:** [March 23, 2026, 10:37pm UTC](https://gov.frax.finance/t/fip-442-optional-early-exit-for-the-legacy-crvusd-l-frax-convex-frax-vault-4-fee/3837 "2026-03-23T22:37:58Z")

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Authors: Mockingbird Summary: This proposal introduces a one-time optional early exit program for the legacy crvUSD/L-FRAX Convex FRAX vault. Eligible lockers may exit before lock expiry by paying a fixed 4% fee on t…

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## [Penalty free unlock for the FRAX/crvUSD Convex FRAX vault](https://gov.frax.finance/t/penalty-free-unlock-for-the-frax-crvusd-convex-frax-vault/3812)

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**Author:** [@Mockingbird](https://gov.frax.finance/u/Mockingbird)\
**Replies:** 13\
**Last updated:** [February 21, 2026, 9:18pm UTC](https://gov.frax.finance/t/penalty-free-unlock-for-the-frax-crvusd-convex-frax-vault/3812 "2026-02-21T21:18:58Z")

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Authors: Mockingbird Summary This proposal introduces a one time, penalty free unlock for the Convex FRAX vault that stakes the FRAX/crvUSD Curve liquidity pool token. This vault offers a 3 year lock option but curre…

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## [Exploring the Evaluation of a Proactive Smart Contract Security Layer to Complement Frax Protocol Audits, Monitoring, and Testing Practices](https://gov.frax.finance/t/exploring-the-evaluation-of-a-proactive-smart-contract-security-layer-to-complement-frax-protocol-audits-monitoring-and-testing-practices/3835)

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**Author:** [@Olympix](https://gov.frax.finance/u/Olympix)\
**Replies:** 0\
**Last updated:** [February 13, 2026, 1:49am UTC](https://gov.frax.finance/t/exploring-the-evaluation-of-a-proactive-smart-contract-security-layer-to-complement-frax-protocol-audits-monitoring-and-testing-practices/3835 "2026-02-13T01:49:42Z")

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TL;DR This proposal explores evaluating a proactive smart contract security layer to complement Frax Protocol’s existing audits, monitoring, and testing practices by applying continuous static analysis, unit test generat…

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## [\[FIP - 441\] $FRAX: 1 Token, 1 Mission, 1 Vision](https://gov.frax.finance/t/fip-441-frax-1-token-1-mission-1-vision/3826)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 5\
**Last updated:** [February 1, 2026, 5:08pm UTC](https://gov.frax.finance/t/fip-441-frax-1-token-1-mission-1-vision/3826 "2026-02-01T17:08:37Z")

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Authors Frax Core Team Summary $FRAX: 1 Token, 1 Mission, 1 Vision is a unifying governance proposal that completes Frax’s transition into a single-token, Frax-centric system with clear ownership, disciplined monetary p…

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## [\[Proposal\] "Discount Window" AMO: Solvency-Based Yield (No Delta Risk)](https://gov.frax.finance/t/proposal-discount-window-amo-solvency-based-yield-no-delta-risk/3828)

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**Author:** [@StableStrategy](https://gov.frax.finance/u/StableStrategy)\
**Replies:** 0\
**Last updated:** [January 27, 2026, 5:03pm UTC](https://gov.frax.finance/t/proposal-discount-window-amo-solvency-based-yield-no-delta-risk/3828 "2026-01-27T17:03:18Z")

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​Summary I am proposing a new AMO (Sovereign Market Operations) controller called the “Discount Window.” ​This mechanism allows Frax to offer competitive, high-yield opportunities comparable to Ethena (USDe) but withou…

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## [\[TEMP-CHECK\] White Label Stablecoin Service](https://gov.frax.finance/t/temp-check-white-label-stablecoin-service/3820)

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**Author:** [@Fraxtothemax](https://gov.frax.finance/u/Fraxtothemax)\
**Replies:** 1\
**Last updated:** [January 14, 2026, 3:29pm UTC](https://gov.frax.finance/t/temp-check-white-label-stablecoin-service/3820 "2026-01-14T15:29:02Z")

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Authors: @astralprotocol on Telegram Summary: This is a temperature check regarding the possibility of FRAX protocol deploying a white label service for frxUSD/sfrxUSD. Background & Motivation: Coinbase recently lau…

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## [Attribution Dispute - RedemptionQueueV2 DoS Vulnerability](https://gov.frax.finance/t/attribution-dispute-redemptionqueuev2-dos-vulnerability/3818)

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**Author:** [@donnyoregon](https://gov.frax.finance/u/donnyoregon)\
**Replies:** 0\
**Last updated:** [December 17, 2025, 6:17am UTC](https://gov.frax.finance/t/attribution-dispute-redemptionqueuev2-dos-vulnerability/3818 "2025-12-17T06:17:08Z")

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\## Summary I am submitting this governance post to request community review of a bounty attribution dispute with the Frax security team regarding a critical DoS vulnerability in FraxEtherRedemptionQueueV2 (0xfDC69e6B…

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## [Increase revenue allocation for veFrax](https://gov.frax.finance/t/increase-revenue-allocation-for-vefrax/3799)

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**Author:** [@messi](https://gov.frax.finance/u/messi)\
**Replies:** 3\
**Last updated:** [December 14, 2025, 5:36pm UTC](https://gov.frax.finance/t/increase-revenue-allocation-for-vefrax/3799 "2025-12-14T17:36:00Z")

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Summary Current: 10% of protocol revenue allocated to veFrax ( \[FIP - 428\] Frax North Star Proposal - V2 - #17 by nader.frax ,), resulting in approximately 4.5% APR for max-lock holders. Proposal: Increase revenue a…

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## [Why aren't Convex FRAX getting incentives anymore?](https://gov.frax.finance/t/why-arent-convex-frax-getting-incentives-anymore/3803)

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**Author:** [@Mockingbird](https://gov.frax.finance/u/Mockingbird)\
**Replies:** 7\
**Last updated:** [December 9, 2025, 7:46pm UTC](https://gov.frax.finance/t/why-arent-convex-frax-getting-incentives-anymore/3803 "2025-12-09T19:46:00Z")

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There are some Convex FRAX that had been getting very small incentives from FRAX (who was bribing through Votium), like FRAX/FXB\_20261231 or FRAX/crvUSD. However, that’s not the case anymore, now they get absolutely noth…

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## [Penalty free unlock for a small set of legacy Convex FRAX vaults](https://gov.frax.finance/t/penalty-free-unlock-for-a-small-set-of-legacy-convex-frax-vaults/3809)

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**Author:** [@Mockingbird](https://gov.frax.finance/u/Mockingbird)\
**Replies:** 1\
**Last updated:** [November 27, 2025, 12:20am UTC](https://gov.frax.finance/t/penalty-free-unlock-for-a-small-set-of-legacy-convex-frax-vaults/3809 "2025-11-27T00:20:28Z")

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Author: Mockingbird Status: Draft Network: Ethereum Summary This proposal introduces a one time, penalty free unlock for a small set of legacy Convex FRAX vaults that: have no CRV emissions on their underlying Curv…

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## [\[FIP - 440\] FXTL Points Resolution](https://gov.frax.finance/t/fip-440-fxtl-points-resolution/3801)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 9\
**Last updated:** [November 23, 2025, 2:59pm UTC](https://gov.frax.finance/t/fip-440-fxtl-points-resolution/3801 "2025-11-23T14:59:50Z")

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Authors Frax Core Team Summary This proposal serves as an official update to the Frax North Star Proposal V2.1 (FIP - 428) and establishes a formal governance resolution to postpone FXTL point conversions until key ecos…

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## [\[FIP - 439\] sfrxUSD new strategies](https://gov.frax.finance/t/fip-439-sfrxusd-new-strategies/3798)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 1\
**Last updated:** [November 14, 2025, 1:13pm UTC](https://gov.frax.finance/t/fip-439-sfrxusd-new-strategies/3798 "2025-11-14T13:13:25Z")

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Authors Frax Core Team Summary This proposal amends FIP-434 by adding several new sfrxUSD yield strategies to the approved AMO whitelist. These additions expand sfrxUSD’s on-chain yield opportunities through new holdin…

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## [\[FIP - 428\] Frax North Star Proposal - V2](https://gov.frax.finance/t/fip-428-frax-north-star-proposal-v2/3652)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 33\
**Last updated:** [November 13, 2025, 9:01pm UTC](https://gov.frax.finance/t/fip-428-frax-north-star-proposal-v2/3652 "2025-11-13T21:01:07Z")

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Please check the most update version here in comments. Authors Frax Core Team Summary This proposal seeks to implement the upgrading of FXS, the Frax North Star Hardfork, the Tail Emission Plan, and the Flox Capacitor …

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## [\[FIP - 438\] Discontinue OFT Token Support on Deprecated and Inactive Chains](https://gov.frax.finance/t/fip-438-discontinue-oft-token-support-on-deprecated-and-inactive-chains/3797)

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**Author:** [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Replies:** 1\
**Last updated:** [November 11, 2025, 8:53pm UTC](https://gov.frax.finance/t/fip-438-discontinue-oft-token-support-on-deprecated-and-inactive-chains/3797 "2025-11-11T20:53:35Z")

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Authors Frax Core Team Summary This proposal discontinues Native OFT Token issuance for specific chains that are either officially deprecated by their core teams or have exhibited prolonged inactivity and minimal user a…

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