frxUSD/crvUSD PegKeeper LP becomes collateral to borrow USG on Tangent
Frax Finance announced that the frxUSD/crvUSD PegKeeper position on Curve Finance — described as "a steady earner" with $15M+ depth and 5%+ boosted yield — can now be used as collateral on Tangent.fi to borrow USG, with bootstrapping incentives currently active.
- PegKeeper LPs on Curve can now be posted as collateral in Tangent's lending market
- Bootstrapping incentives are live to attract early borrowers
- Extends frxUSD's role beyond DEX liquidity into lending collateral
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.
