News/Frax Finance Launches Borrowing and Lending Market Fraxlend

Frax Finance Launches Borrowing and Lending Market Fraxlend

Sep 07,2022,09:54
Frax Finance is launching Fraxlend, its native market for borrowing and lending, which allows anyone to lend or borrow assets with any token that is a part of a Chainlink data feed. Fraxlend will enable the protocol to mint new $FRAX through the borrowing and lending process. Fraxlend allows the Frax Finance protocol to directly lend $FRAX and earn interest through existing money markets. Fraxlend will create more cash flow for Frax Finance, which can be used to buy back and burn its governance token, $FXS.
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