Avant Protocol adopts frxUSD as default stablecoin pair
Frax Finance highlighted that Avant Protocol has chosen frxUSD as its default stablecoin pair, processing $25M+ in volume from roughly $500K in TVL. Frax framed the result as real demand meeting capital-efficient, productive liquidity.
Frax
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.
