USDe

April

Frax

Reported by Cointelegraph, decentralized finance (DeFi) lending protocol Frax Finance has recently passed a community governance proposal that greenlights a $250 million allocation of Ethena Labs’ USDe to a new liquidity pool.
As part of Frax’s Singularity Roadmap, the proposal enables the creation of an automated market operation (AMO) that will allow the minting of new FRAX tokens backed by overcollateralized debt. The proposal was approved on April 5.
The proposal will create one of the deepest liquidity pools in the DeFi space and enable Frax to diversify its backing yield, according to Ethena Labs, which wrote in an April 8 X post:
<blockquote>
 “As of yesterday, FRAX has begun adding USDe POL which will create one of the deepest pools of dollar liquidity on-chain, and enable FRAX to diversify their source of backing yield.”
</blockquote>

Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool

TokenInsight

2024년 4월 9일에 게재된 다른 기사

Emberlight is Addressing the Complexities of Web3 Games

New Dogecoin Inspired Token “Dogeverse” Goes Live Amid Meme Coin Mania

US Treasury demands more control over foreign crypto exchanges

Ethereum Classic (ETC) Price Prediction April 2024, 2025, 2026, 2030, 2040 – 2050

MicroStrategy Share Price Target Raised By Benchmark On Bitcoin Halving, BTC ETFs

Bitcoin to $20,000? Deutsche Bank Survey Reveals Split on BTC Current Rally

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!