# Launch Partner Announcement: Frax Finance By [Liquis](https://paragraph.com/@liquis) · 2023-08-29 --- Today marks the end of the Liquis Pre-Launch Program. Over the past four weeks, Liquis has received [**2.55M veLIT-equivalent deposits**](https://etherscan.io/address/0x5c988c4e1f3cf1ca871a54af3a1dcb5fef2612fc#tokentxns) and the [**blessing**](https://snapshot.org/#/timelessfi.eth/proposal/0xa7eb90bb1936202bd92c6e2ce5a147f0e376b99a0f9b2a5005196cc65494be8e) of the Timeless Finance community to act as a liquid locker. Once locked, Liquis is set to represent over [**21%**](https://etherscan.io/token/0x9232a548dd9e81bac65500b5e0d918f8ba93675c#balances) of Bunni governance power. In further exciting news, we’re pleased to share that [**Frax Finance**](https://twitter.com/fraxfinance) has been onboarded as a launch partner! About Frax Finance ------------------ Frax Finance is comprised of three stablecoin-issuing protocols and a number of subprotocols intended to foster their adoption, all governed by a token-driven DAO. There are currently three Frax stablecoins: * [**FRAX**](https://old.app.frax.finance/mint)**:** Pegged to the USD * [**FPI**](https://app.frax.finance/fpifpis/fpi)**:** Pegged to CPI * [**frxETH**](https://app.frax.finance/frxeth/mint): Pegged to ETH Holders of these stablecoins can utilize them in numerous Frax subprotocols: * [**Fraxswap**](https://app.frax.finance/swap/main?from=0x853d955aCEf822Db058eb8505911ED77F175b99e&to=0x3432B6A60D23Ca0dFCa7761B7ab56459D9C964D0)**:** Automated market maker with built-in TWAP functionality * [**Fraxlend**](https://app.frax.finance/fraxlend/available-pairs)**:** Permissionless, siloed lending markets for borrowing Frax assets * [**Fraxferry**](https://app.frax.finance/fraxferry?src=ethereum)**:** Optimistic bridging solution across networks Frax Finance is governed by holders of the [**FXS**](https://app.frax.finance/vefxs) governance token. These holders can vote future FXS emissions across all liquidity strategies onboarded to the platform, thereby playing a key role in where Frax assets gain adoption. ![Frax pioneered the concept of Automated Market Operations for protocol-owned liquidity](https://storage.googleapis.com/papyrus_images/65e8ee7ffa1b09fd602ef54868ef0b5f453028b3e405026e13e4e47d7a01cff3.png) Frax pioneered the concept of Automated Market Operations for protocol-owned liquidity The Frax Finance team is currently focused on their [**liquid staking ecosystem**](https://app.frax.finance/staking/overview) built on top of frxETH, as well as the future deployment of an independent Fraxchain network. This is in addition to the build out of a real world assets initiative with the launch of the [**Finres legal entity**](https://gov.frax.finance/t/fip-277-onboard-finrespbc-as-frax-v3s-offchain-rwa-partner/2492). [https://twitter.com/FlywheelDeFi/status/1692629692145135636?s=20](https://twitter.com/FlywheelDeFi/status/1692629692145135636?s=20) Frax x Liquis ------------- Frax Finance is an existing player in the Bunni ecosystem and we’re looking forward to Liquis making it easier than ever for Frax assets to access concentrated liquidity on Uniswap v3. Frax assets have driven close to [**$30,000**](https://dune.com/murathan/bunni) in subsidies to veLIT holders in just the past few months alone, and it’s a trend that should only grow with the addition of Liquis utility and incentives. ![The Bunni Control Room dashboard highlights all-time Frax contributions to veLIT](https://storage.googleapis.com/papyrus_images/6c1c7155f98e0d13c84245c3d55c92f065a372d3904e15fbc5a35c5dc779ed7c.png) The Bunni Control Room dashboard highlights all-time Frax contributions to veLIT Frax Finance will receive **1% of total LIQ supply** in anticipation of this activity moving to Liquis gauges. Learn More about Frax Finance ----------------------------- You can follow and learn more about Frax Finance via the following resources: * [**Twitter**](https://twitter.com/fraxfinance) * [**Telegram**](https://t.co/DIuyZvVm2w) * [**GitHub**](https://github.com/FraxFinance) The primary Frax Finance interface can be found [**here**](https://app.frax.finance)**.** The Latest on Liquis -------------------- The Liquis protocol is set to be deployed tomorrow. Due to the timing of the Bunni voting cycle, it is anticipated that **the first Liquis epoch will be a test run** insofar as there will be less than 48 hours for Pre-Launch depositors to lock their positions; LIQ vesting to begin and for holders to lock in governance; and for vlLIQ holders to vote on gauges. Further guidance will be published on these various moving parts tomorrow. If you’re new to Liquis, make sure to join us on [**Twitter**](https://twitter.com/liquisfi) and [**Discord**](https://discord.gg/BWpaZ4hPsS), as well as reading up on our [**documentation**](https://docs.liquis.app/). --- *Originally published on [Liquis](https://paragraph.com/@liquis/launch-partner-announcement-frax-finance)*