Frax launches frxUSD–sUSDai PegKeeper pool on Curve
Frax Finance launched a new PegKeeper pool on Curve Finance in partnership with USDai, pairing frxUSD with sUSDai, a yield-bearing synthetic dollar backed by AI infrastructure credit. Frax said the pool grows the liquidity layer for DeFi and teased more developments with USDai. Deposits are open via the linked pool.
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.
