Frax and Arrow launch frxUSD PSM on Robinhood Chain
Frax Finance's frxUSD continues its Robinhood Chain rollout through Arrow Finance's new frxUSD PSM, which gives users 1:1, zero-fee conversions between frxUSD and aUSD. The design routes yield-bearing reserves into a revenue stream for Arrow while letting frxUSD grow the ecosystem. It extends the chain's first stable pool integrations, which began with the Arrow Finance frxUSD/aUSD pool and the first stable pool on FablesFi.
Sources
- Builders on @RobinhoodCrypto are leveraging frxUSD to grow. @ArrowFinanceio’s frxUSD PSM gives users 1:1, zero-fee conversions to aUSD while creating a revenue stream for the protocol through yield-bearing reserves. This is how frxUSD helps ecosystems scale. https://t.co/qkBM7JbYTBx.com ↗
- Frax is live on Robinhood Chain 🥳 Our first frxUSD integration: a frxUSD/aUSD pool with @ArrowFinanceio, and the first stable pool on @fablesfi. Get started: https://t.co/lvGZiHSo3R More to come as we grow on @RobinhoodCrypto. https://t.co/alNeWe0R4Ax.com ↗
- First stable pool? We know a good choice. frxUSD on @RobinhoodCrypto https://t.co/QgWRrpswh7x.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.
