Lend To @wintermute_t - Earn Onchain, But Stay Liquid All The Time This is possible with @Eva_Markets, as they structure loans for Wintermute and turn these into liquid, onchain tokens you can not only earn on, but LP, & lend across battle-tested DeFi. DYOR always: eva.markets/docs Jump in here: eva.markets

👇🏽@FraxForce member ⚔️

When $CRV finally breaks $3 in 2027.

This meme didn’t have enough credit; so I just quote it now and remind you that every Friday we go live for the ONCHAIN CA$H show ⚔️

💲 ONCHAIN CA$H —Episode 9💲 x.com/i/broadcasts/1RJZzzRzE…

💲 ONCHAIN CA$H — 6pm UTC 💲 Our sections are loaded for tonight’s live show: ¤ Onchain Pulse – Non‑USD stablecoins just hit a $2B ATH with 43% growth in 2026 alone, led by $EURC, $KRWQ and others ¤ Market Briefing – Record onchain card payments, @Morpho’s $175M to build an open credit network, @Mastercard leaning into tokenization, @SenLummis on policy. $SPCX just priced the biggest IPO in history. ¤ FUD Filter – Humanity Protocol wallets drained, Botanix winding down, Polymarket’s VPN crackdown, Sahara AI’s 60% dump and fresh exploit alerts: what we see as real structural risk vs pure timeline drama. ¤ DeFi Yield Radar – onchain cash markets still offering risk‑managed yield for capital that wants to stay productive without aping into max risk. ¤ @CharmanderX81 Corner – $FRAX market pulse ¤ @fraxfinance Ecosystem Update – $frxUSD ReserveLink goes live on @Aave and integrations as a preferred base dollar keep accelerating, while @samkazemian talked live twice this week to lay out where the Frax stack is heading. ¤ MORE ☎️ A lot has been happening onchain, but we’ve got it mapped out for you. See you in a few hours, here on X.

OK, @DigitalAssets showing deep understanding seeding liquidity in @CurveFinance & @Uniswap at the same block. But they still need to learn that they can save a lot of money on maintaining this liquidity if they choose $frxUSD as their stablecoin pair against $FIDD Superior Pegkeeper

The ability to borrow against productive Curve LP positions while keeping capital fully deployed creates a powerful new primitive for assets like $frxUSD. The 🦙 have been building secure, battle-tested DeFi infrastructure for years, and v2 pushes that vision even further. In llamas we trust. $CRV | $crvUSD

"Frax has been building for this moment for years. We've built the stablecoin operating system for a world that settles onchain." Bullish on @fraxfinance 🫡

LlamaLend v2 just shipped, and we see it as a serious unlock for the Frax × Curve stablecoin stack. v2 is now live on @Optimism, with an @Ethereum mainnet deployment planned for later this year. It evolves @llamalend from a crvUSD‑centric lending system into a broader framework of isolated lending markets. Lending pairs are no longer required to include $crvUSD. Now any governance‑approved asset pair can form its own market. Curve LP tokens and other yield‑bearing positions can be used as collateral, while they continue to earn trading fees and rewards. The LLAMMA range‑based soft‑liquidation model remains at the core, so positions are unwound gradually across a price band instead of being hit by a single cliff‑edge liquidation. For the @fraxfinance ecosystem, the key unlock is simple: markets can now be configured so that users borrow $frxUSD directly against productive Curve LP collateral, once those markets move through governance. That turns $frxUSD from “just” core liquidity in PegKeeper and routing pools into an asset that can also sit on the debt side of the system, adding a clean new source of organic borrowing demand. PegKeeper pools that use $frxUSD can, in principle, be plugged into isolated v2 markets: you provide liquidity, earn swap fees and incentives, and then post the same LP as collateral in a LlamaLend v2 market to borrow a governance‑approved asset (potentially $frxUSD itself). Your capital stays fully deployed on @CurveFinance while unlocking additional borrowing power, exactly the kind of money productivity $frxUSD is designed for. Net‑net, LlamaLend v2 is another step toward a tighter Frax–Curve feedback loop, where $frxUSD acts both as the liquidity backbone and as a high‑class borrowing asset inside a soft‑liquidation, isolated‑market framework. We believe future infrastructure for global DeFi is being built exactly at this intersection.

Stablecoin summer continues to pump with frxUSD! ☀️ Best stable yields with frxUSD (@fraxfinance) pairs. 🧑‍🌾 Being the lazy farmer that I am, I want the best risk-adjusted yields in defi, and, I can get them all using the best Peg Keeper in the game, frxUSD by @fraxfinance sUSDat (@saturn_credit) and ebUSD (@ebisu_finance) taking the top spots this week with 22% and 16% APY respectively. Wow. 🤯 There are quite a few pools paying over 10% APY this epoch. Happy farming anons.

When you are included in the top 10 Stablecoins projects, you are doing the things right ⚔️ @fraxfinance @CurveFinance fortune.com/ranking/crypto/2…

The right question is how the revenue is shared with token holders and how that can change in the future?

Another credit-native DeFi protocol chooses $frxUSD as its dollar of choice! @3janexyz’s new credit-based money market is pairing their USD3 yieldcoin with frxUSD in a PegKeeper pool on @CurveFinance, using it as the dollar rail to scale liquidity and incentives. Each integration like this reinforces $frxUSD’s position as the “default dollar” for protocols that actually need efficient, onchain liquidity systems. A better dollar for DeFi and beyond 🫡

Catch a special episode of @therollupco Stabled Up, featuring an in-person interview with our Founder and CEO @samkazemian in NYC. As stablecoins continue to gain adoption, Sam lays out the growth ahead for Frax and frxUSD.

Studying is one of the things you must do bear markets 📚

🧵As FraxForce we spend a lot of time deciding which projects genuinely deserve our attention and educational spotlight. Today we want to highlight one of those projects. This thread explains what @Eva_Markets does, why we think it’s worth your attention, and how it connects to $frxUSD and @Fraxfinance. ⏬

Still accumulating $AAVE. Aave is already widely recognized as the leading lending protocol in DeFi. I think it's becoming something much bigger. I think it's becoming the money app for the next wave of trillions in capital and millions of users. The market is focused on applications. I'm focused on the infrastructure those applications will need. @aave already sits at the center of DeFi lending, but what interests me most is where it's heading. Aave V4 introduces a unified liquidity architecture, replacing fragmented pools with a Liquidity Hub model that allows capital to move more efficiently across markets while supporting entirely new asset classes and risk frameworks. That matters because the next phase of DeFi won't be built around a handful of crypto assets. It will be built around: • stablecoins • yield-bearing dollars • tokenized treasuries • RWAs • institutional collateral • eventually AI-native economic activity And all of those need battle tested always on credit. This is where Aave stands out for years already. The protocol is increasingly positioning itself as the liquidity marketplace connecting borrowers, lenders, institutions and onchain capital. You can already see early signals of this shift. Assets like $frxUSD are a good example. Frax is building genius compliant payment stablecoins, dollars designed to work at scale, 24/7, across both DeFi and real-world financial rails. And this is already starting to show on Aave. frxUSD is emerging as one of the most important stablecoin borrow assets in the V4 hub, reflecting where the market is heading and what it eventually needs. Frax and Aave are actively building toward deeper integration. As @samkazemian recently highlighted, the Aave partnership is a long-term strategy, not just a short-term liquidity play. The implication is clear. As DeFi evolves, the dominant borrow assets won’t just be volatile tokens. They will be scalable, trustable, compliant dollars. And Aave is building the system where those assets become core primitives and get connected to next wave of liq and users. This is already starting to play out, with frxUSD as one of the most relevant borrow-side liquidity on aave v4 The implication is bigger than it looks. The base assets of the next cycle won’t just be volatile tokens. They will be productive dollars. And Aave is building the system where they scale. I also think the market is underestimating the significance of what was announced today. Mastercard introduced Agent Pay for Machines, a framework for autonomous machine-to-machine payments, with Aave Labs participating alongside Coinbase, Stripe, Cloudflare, Polygon, OKX and others. The key point is not just payments. Mastercard is building the payment layer. Aave is positioning itself as the credit layer. As Stani put it: "Aave brings the credit layer for agents." Read that again. Not payment layer. Credit layer. If AI agents eventually transact autonomously, manage budgets, borrow capital, earn yield and settle payments, they will require liquidity markets operating 24/7 at internet scale. That’s exactly what Aave is building toward. When people think about the future of digital finance, they often focus on the assets. I think the biggest value will accrue to the protocols that provide the credit. That's why I'm bullish $AAVE.

¤ Raise your scarf ¤