Frax Finance has announced a partnership with the RWA lending protocol TProtocol, and the launch of liquidity mining for USTP-FRAXBP on Curve.
The liquidity pool offers mining rewards in the form of CRV and TPS tokens, with APRs reaching up to 50%. This marks the second RWA collaboration project for Frax Finance and signifies FRAX's entry into the world of RWA.
USTP is a stablecoin with over-collateralization by US Treasuries, and its iUSTP can generate approximately 5% yields.
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