Frax has distributed the first week of rewards for two concurrent campaigns incentivizing frxUSD usage on EtherFi Cash throughout April.​

Campaign Details:

• Hold & Transact: First 50 users earn $50 by maintaining a $500 average balance for 30 days and completing 10+ transactions
• Weekly Top Spender: Highest frxUSD spender each week wins $500 (weeks start Thursdays at 0 UTC)

The campaigns aim to reward both new users getting started with frxUSD and existing users actively utilizing the stablecoin within the EtherFi ecosystem.​

LFJ is building the first Public PropAMM on Monad, aiming to bring competitive execution to EVM traders who currently favor centralized exchanges.​

What are PropAMMs?

• Oracle-driven pricing with sub-second quote updates
• Spreads matching or beating most CEXs
• Currently dominant on Solana but closed-source

Why Monad? Monad's sub-second finality and near-zero costs create the infrastructure needed for onchain price discovery on EVM chains.​

The Public Difference Unlike existing PropAMMs, POE will be:

• Open for lending protocol integration
• Accessible to retail LPs through structured vaults
• Available for atomic arbitrage interactions

The thesis: tighter spreads attract more flow, which attracts more market makers, creating a compounding cycle that could shift retail trading from CEXs to onchain venues.​

Cari Network is building the first tokenized deposits network in the United States, developed alongside five regional banks: Huntington Bank, First Horizon, M&T Bank, KeyBank, and Old National.​ Together representing $600B in deposits, these institutions are leveraging ZKsync's Prividium technology to bring bank-issued digital deposits onchain.​

Key differences from stablecoins:

• Tokenized deposits are direct bank liabilities, not synthetic assets
• Integrated with core banking systems
• Eligible for FDIC insurance
• Operate within existing regulatory frameworks

What Prividium enables:

• Private, enterprise-controlled blockchain infrastructure
• Real-time settlement while maintaining compliance
• Security anchored to Ethereum
• 24/7 programmable money within banking regulations

The network aims to modernize deposit infrastructure for the $8.​3T held by regional banks, allowing them to compete in the digital assets economy while preserving privacy and regulatory safeguards.​

Read the full case study