Frax

Frax launches frxUSD/trUSD PegKeeper pool with Tori Finance

Frax Finance launched a new frxUSD PegKeeper pool pairing frxUSD with Tori Finance's trUSD, a stablecoin backed by delta-neutral trading positions. The frxUSD/trUSD pool is live on Curve Finance.

Key details:

  • Frax backs frxUSD with tokenized treasuries and money market funds.
  • Instead of keeping that reserve income, Frax forwards it into the pool's incentives.
  • LPs earn a share of the fees on every trade in the pool.

Sources

Frax

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Frax is the worldโ€™s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.

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