TechFlow news, according to CoinDesk, data shows that the Curve-based yield pool 4pool has gone live on the Fantom network ahead of its eventual launch on Ethereum. Within hours of its release on Fantom, 4pool reached a TVL of $31 million with over $2.4 million in trading volume. The pool is currently offering a daily yield close to 0.5%. It holds $9.7 million in FRAX, $8.4 million in USDC, $4.9 million in UST, and $7.9 million in USDT.
Developers said 4pool will initially be tested on the Fantom and Arbitrum networks before undergoing testing on Ethereum, with creators aiming to make it one of the most liquid trading pools on Curve.
Earlier, Ezaan, a member of Terraform Labs, proposed introducing 4pool as a new gold standard for stablecoin liquidity to expand stablecoin liquidity. According to the proposal, 4pool is a new Curve pool composed of UST, FRAX, USDC, and USDT, through which Terra and Frax Finance aim to centralize stablecoin liquidity via Curve into four pools across each major blockchain.
