Frax to Launch Lending Platform Fraxlend with Code Released on Github

Frax team member Drake Evans tweeted that Fraxlend, the lending platform of Frax, will be launched soon. The code has been released on Github. Fraxlend allows users to create an isolated and permissionless lending market between a pair of ERC-20 tokens. Any token part of a Chainlink data feed can be lent to borrowers or used as collateral. Frax has launched a Fraxlend security auditing contest on Web3 security platform Code4rena, with a 50,000 $USDC price pool. The contest will end on August 17th at 20:00 UTC.