Frax Finance Brings Brazilian Funding Rates Onchain With New Markets
- —Frax launched the first onchain funding rate for the Brazilian Real
- —BRZ borrowing is collateralized by sfrxUSD and Etherfuse TESOURO
- —The initiative is backed by Featherlend and Transfero
Why it matters: Bringing local rates onchain expands DeFi access to Brazil and could draw liquidity into the region.
Source: Coinfomania