Frax Finance
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The number of Ethereum pledged through Frax Finance has exceeded 120000
According to reports, more than 120000 Ethereum’s liquid pledge products launched through Frax Finance have been pledged. Currently, a total of about 120960 frxETHs have been issued, with a value of about 217 million dollars. Interpretation of this information: Frax Finance has launched its liquid pledge products on Ethereum with over 120,000 in circulation. The platform provides a stable and decentralized alternative to traditional stablecoins by blending the Collateralized Debt Position (CDP) mechanism of MakerDAO with fractional reserve banking for a more balanced approach. Frax issues fraxSHARES (FXS) and fraxETH…
