Frax retires FPI as frxUSD PegKeeper pools clear $200M in June volume across 30 partners
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Promote with Leviathan NewsFrax governance voted 26,587,774 to zero to wind down FPI after adoption faded, while FIP-449 approved 42,000 wFRAX for six months of creator distribution. frxUSD PegKeeper pools cleared more than $200 million in June volume across 30 partners, while developers advanced T+1 redemptions, FraxNet cross-chain state tracking, OFT rate limits, and routing through KyberSwap, LI.FI, and Odos.
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