Fractal is building web3 infrastructure allowing all on-chain financial assets to interact with and collateralize against each other via a universal margin account. The protocol operates tokenized lending pools (starting with USDF) from which assets are lent to borrower subaccounts. The lending yield is then passed to lender by way of USDF price appreciation (akin to cbETH).
The Fractal community of lenders benefits from a liquid secondary market for USDF, this creates a liquidity buffer, which avoids requiring borrowers to unwind positions when USDF gets redeemed. This reduces gas fees for the entire protocol. USDF is also designed to become a composable stable asset to be built upon by other ecosystem participants.
Governance: The protocol is currently governed by the Fractal Network team through a Fireblocks MPC wallet.
Oracles: USDF does not require third party oracles
The Balancer Maxi LM Multisig eth:0xc38c5f97B34E175FFd35407fc91a937300E33860 will interact with the GaugeAdderv4 at 0x5DbAd78818D4c8958EfF2d5b95b28385A22113Cd and call the addGauge function with the following arguments:
Hey everyone, the Integrations Team has been working with the Fractal team to safeguard these contracts. We are still waiting on one more ownership transfer, so I’d recommend not deploying this gauge until that’s finished.