avatar

Frax Finance Launches Borrowing and Lending Market Fraxlend

Frax Finance is launching Fraxlend, its native market for borrowing and lending, which allows anyone to lend or borrow assets with any token that is a part of a Chainlink data feed. Fraxlend will enable the protocol to mint new $FRAX through the borrowing and lending process. Fraxlend allows the Frax Finance protocol to directly lend $FRAX and earn interest through existing money markets. Fraxlend will create more cash flow for Frax Finance, which can be used to buy back and burn its governance token, $FXS.
Source

Lending

DeFi

In This Article

Related News
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Latest News More More
6 Hours Ago Daily Market Wrap | Aug. 20
1 Day Ago Daily Market Wrap | Aug. 19
2 Days Ago Daily Market Wrap | Aug. 18
5 Days Ago Daily Market Wrap | Aug. 15
6 Days Ago Daily Market Wrap | Aug. 14

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open