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Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation

Egorov has created a new liquidity pool on Curve for FraxLend's CRV/FRAX market, called crvUSD/fFRAX. Analysts said it is an attempt to incentivise liquidity to FraxLend's pool from where Erogov has taken loan of 15.8 million FRAX FRAX - $0.997039223905029

Source: coindesk

2023-08-01 09:53:22 GMT.

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Price & Market Data

Price: $0.997039223905029

Volume 24h: $2,135,811.54

Market Cap: $647,511,441.06

Description

Frax (FRAX) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Frax has a current supply of 1,044,853,133.2587842 with 649,434,270.5191422 in circulation. The last known price of Frax is 0.99703799 USD and is down -0.01 over the last 24 hours. It is currently trading on 705 active market(s) with $2,140,453.33 traded over the last 24 hours. More information can be found at https://frax.finance.