TechFlow News — Frax Finance has announced the launch of its FRAX stablecoin on NEAR via Ref Finance, marking Frax's first expansion into a non-Ethereum Virtual Machine (EVM) ecosystem.
Through collaboration with the NEAR ecosystem, Frax will roll out a range of assets and introduce short-term treasury yields.
-
Ref will launch an incentive program to reward liquidity providers for the USDC/FRAX and NEAR/FRAX pools, as well as for Curve-style stablecoin swap pools, to drive Frax-related activity and growth on NEAR.
-
In addition, on Burrow, borrowers and lenders using USDC, USDT, and FRAX will receive incentives, along with rewards available for NEAR and liquid-staked NEAR.
Add to Favorites
Share to Social Media
