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Frax Finance Launches Morpho Lending Venue for Frax USD (frxUSD)

CrossWorlds curates the vault, with initial markets including liquidity pools featuring six tokens.

By Simon Yoon
Published
Paired metal discs rest inside an open lending vault / TokenPost.ai
Paired metal discs rest inside an open lending vault / TokenPost.ai

Frax Finance launched a new Morpho lending venue for Frax USD (frxUSD) on Tuesday, Nov. 10, expanding PegKeepers’ routes to liquidity and yield opportunities.

CrossWorlds curates the frxUSD vault on Morpho. The initial markets include liquidity pools featuring sfrxUSD, sUSDe, USD3, trUSD, sDOLA and sVUSD.

Frax had already linked frxUSD to a separate pre-IPO lending product that uses the stablecoin to mint USDte. That product covers loans tied to pre-IPO equity in frontier technology sectors, including artificial intelligence and aerospace, with loans settling in USDte.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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