Frax launches frxUSD/trUSD PegKeeper pool with Tori Finance
Frax Finance launched a new frxUSD PegKeeper pool pairing frxUSD with Tori Finance's trUSD, a stablecoin backed by delta-neutral trading positions. The frxUSD/trUSD pool is live on Curve Finance.
Key details:
- Frax backs frxUSD with tokenized treasuries and money market funds.
- Instead of keeping that reserve income, Frax forwards it into the pool's incentives.
- LPs earn a share of the fees on every trade in the 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.
