sfrxETH goes live on Robinhood Chain backing UFG's Immutable Treasury v2
sfrxETH is now live on Robinhood Chain, backing United Founders Group's Immutable Treasury v2. UFG's Treasury v1 held ETH, while v2 holds sfrxETH — so the floor under every UFG token earns best-in-class staking yield instead of sitting idle.
The live deployment follows UFG's earlier selection of sfrxETH as the core asset for Treasury v2 on its Robinhood Chain DeFi Innovation Platform, and continues Frax's expansion across Robinhood Chain alongside its frxUSD stable pool integrations.
Sources
- sfrxETH is live on Robinhood Chain, backing @UFGDeFi's Immutable Treasury v2. Treasury v1 held ETH. v2 holds sfrxETH, so the floor under every UFG token earns best-in-class staking yield instead of sitting idle. Frax continues to grow on @RobinhoodCrypto. https://t.co/ArhI5U2IJJ https://t.co/5DTDARmvRgx.com ↗
- United Founders Group is building a DeFi Innovation Platform on Robinhood Chain. They’ve selected sfrxETH as the core asset for their Treasury v2, building on top of our highest-performing ETH LST. Frax is coming to @RobinhoodCrypto 👀 https://t.co/y5W0NRG6Us https://t.co/TajxRCd08nx.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.
