frxUSD integrated with Term Labs V2 fixed-rate lending
Frax Finance announced that frxUSD is now paired with tmvUSDC via Term Labs V2, the next layer of fixed-rate DeFi. Term V2 introduces a peer-to-peer order book and atomic execution layer.
Key details:
- Term V2 unlocks Terminal 1, an interface and routing system for fixed-rate markets.
- More frxUSD pairings are planned as Frax brings its stablecoin's capital efficiency to new fixed-rate markets.
Frax
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Frax is the world’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.
