Featherlend launches BRZ lending markets on Polygon via Morpho Vaults
Featherlend has launched BRZ and frxUSD lending markets on Morpho Vaults on Polygon, with Frax Finance confirming the rollout via its own announcement, reposted by Polygon's official account (Featherlend blog post). Users can borrow BRZ — Transfero's Brazilian Real-pegged stablecoin, backed 1:1 by BRL reserves — using sfrxUSD or etherfuse TESOURO collateral, or borrow frxUSD against tGBP, BRZ, sPOL, or sfrxUSD.
- FX infrastructure is provided by DFB DeFi; Frax framed the launch as the first time the Real gets an onchain funding rate.
- The vaults extend BRL-denominated lending exposure on Polygon.
- Market parameters, rates, and incentive details were not disclosed.
Sources
- RT @fraxfinance: 1/ Frax is helping bring Brazil’s rate onchain. @Featherlend launched @transferogroup BRZ @Morpho markets on @0xPolygon,…x.com ↗
- RT @Featherlend: Feather has launched 🇧🇷 BRZ and 🇺🇸 frxUSD Morpho vaults on Polygon. - Borrow BRZ using sfrxUSD and 🇧🇷 TESOURO - Borrow fr…x.com ↗
- NEW: @Featherlend is bringing Brazilian rates entirely onchain, on Polygon. Two BRZ markets, backed by TESOURO and sfrxUSD, are now live on @Morpho Vaults. https://t.co/62fDGBqIG6x.com ↗
