DeFi· ★★★· bullish·

Frax USDai Vault Offers 14% APY on frxUSD Loans

  • —Frax USDai Vault pays 14% APY on frxUSD deposits
  • —Loans are collateralized by USDai and routed through Morpho
  • —frxUSD currently shows no trading volume, signaling thin liquidity
Why it matters: The elevated yield could pull liquidity into the frxUSD ecosystem and raise the bar for DeFi lending rates.
#FRAX
Source: Cryptonews.net
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