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Frax

WILLOW HOUSE, 171 ELGIN AVENUE, FLOOR 2, Grand Cayman, KY1-1103, Cayman Islands

Overview

Frax Finance is a stablecoin protocol that issues multiple stablecoins including: FRAX, frxETH, and FPI.

Total investments
2
Lead investments
0
Investments · 12mo
1
Active investors
7

Sector focus

  • Analytics
  • Blockchain
  • Cryptocurrency
  • Finance
  • Financial Services
  • Lending
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Investment portfolio

  • DeFi United

    Participated · Equity · Apr 2026

    DeFi United is a coordinated, multi-protocol rescue fund created by Aave service providers and other ecosystem participants to remediate losses from the KelpDAO bridge exploit that produced ungrafted rsETH on-chain. Its primary purpose is to collect and forward contributions to a designated Ethereum address (defiunited.eth) to restore rsETH coverage and reduce claim shortfalls on Aave V3. The fund assembled $160 million in commitments, including large ETH pledges and protocol asset offers, and continues to accept donations while some contributions remain subject to governance votes. Capital committed to the fund includes direct ETH gifts, staked-asset offers (stETH), and a proposed structured credit facility from Mantle. The rescue effort targets an rsETH deficit that was initially estimated between roughly 68,900 and over 100,000 ETH and responds to modeled Aave losses ranging from about $123.7 million to $230.1 million depending on loss allocation. Participants and observers have characterized DeFi United as among the largest coordinated recovery actions seen in decentralized finance.

  • Anzen

    Participated · Seed · May 2024

    Anzen Finance issues USDz, a stablecoin collateralized by cash-flowing real-world assets (RWA). USDz is already live on Ethereum and the Layer 2 network Base. The token is designed to be used across other DeFi protocols. The company says it will use new funding to expand USDz support for additional blockchains and protocols. Anzen Finance completed a $4 million seed financing to support that expansion. No other operating metrics or financial details were provided in the article.

Team