Feather launches BRZ onchain markets on Polygon with frxUSD
Feather (Featherlend) launched Transfero Group's BRZ markets on Morpho on Polygon, with FX infrastructure from DFB. For the first time the Brazilian Real gets an onchain funding rate, connecting Brazil's 13.75% Selic rate to onchain credit through BRZ, frxUSD, and sfrxUSD.
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- 6/ We've built our high-performance dollar assets for markets like these. frxUSD is fully backed by tokenized Treasuries. sfrxUSD is built to provide the highest risk-adjusted yield. Now our productive stablecoins can access Brazilian and British funding markets on Feather. Replying to their earlier post: 5/ sPOL also now has a direct route to dollar liquidity. @0xPolygon builders, validators, and long-term POL holders can post sPOL and borrow frxUSD without unstaking or exiting their Polygon exposure…x.com ↗
- 7/ The bigger picture: frxUSD is becoming the liquidity layer between institutional dollar reserves and global onchain markets. Brazilian rates, FX funding, tokenized Treasuries, and DeFi credit are converging. As global FX comes onchain, frxUSD is at the center of it. Replying to their earlier post: 6/ We've built our high-performance dollar assets for markets like these. frxUSD is fully backed by tokenized Treasuries. sfrxUSD is built to provide the highest risk-adjusted yield. Now our produc…x.com ↗
- 5/ sPOL also now has a direct route to dollar liquidity. @0xPolygon builders, validators, and long-term POL holders can post sPOL and borrow frxUSD without unstaking or exiting their Polygon exposure. Staked POL becomes working capital. https://t.co/J8eps1eCH0 Replying to their earlier post: 4/ As part of the frxUSD vault, @tokenGBP also expands the market into sterling. tGBP users can borrow frxUSD against their holdings, keeping pound exposure while accessing dollar liquidity. Another…x.com ↗
- 4/ As part of the frxUSD vault, @tokenGBP also expands the market into sterling. tGBP users can borrow frxUSD against their holdings, keeping pound exposure while accessing dollar liquidity. Another FX corridor as we bring global credit onchain. https://t.co/3dX2TH8y92 Replying to their earlier post: 3/ sfrxUSD makes the dollar side productive. Post sfrxUSD, borrow BRZ, and access Brazilian funding markets without selling your dollar position. Or post BRZ, borrow frxUSD, and draw dollar liquidit…x.com ↗
- 3/ sfrxUSD makes the dollar side productive. Post sfrxUSD, borrow BRZ, and access Brazilian funding markets without selling your dollar position. Or post BRZ, borrow frxUSD, and draw dollar liquidity without exiting reais. We built these markets to meet real world demand. https://t.co/Gt49ESy0RR Replying to their earlier post: 2/ @transferogroup BRZ now has a crypto-native funding curve. Brazil’s Selic rate sits at 13.75%, one of the highest policy rates in any major economy. Feather’s markets connect that opportunity to o…x.com ↗
- 1/ Frax is helping bring Brazil’s rate onchain. @Featherlend launched @transferogroup BRZ @Morpho markets on @0xPolygon, with FX infra from @DFB_DeFi. sfrxUSD and @etherfuse TESOURO can be used to borrow BRZ. For the first time, the Real gets an onchain funding rate. https://t.co/N7z0RVUY6a https://t.co/dUgw074ST1x.com ↗
- 2/ @transferogroup BRZ now has a crypto-native funding curve. Brazil’s Selic rate sits at 13.75%, one of the highest policy rates in any major economy. Feather’s markets connect that opportunity to onchain credit through BRZ, sfrxUSD, frxUSD, and TESOURO. Replying to their earlier post: 1/ Frax is helping bring Brazil’s rate onchain. @Featherlend launched @transferogroup BRZ @Morpho markets on @0xPolygon, with FX infra from @DFB_DeFi. sfrxUSD and @etherfuse TESOURO can be used to…x.com ↗
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.
