Frax Finance & Harmony Announce Full Stack Partnership

Harmony Protocol has announced its partnership with Frax. This is to launch a full suite of Frax products on Harmony.

Frax will be bridging an initial $1m to Harmony and create a liquidity pool for FRAX/USDC on Sushi on Harmony. As the initial usage ramps up, additional features such as governance and AMOs will be deployed.

Frax and Harmony are also partnering for the Harmony “Bridging TradFi to DeFi” hackathon (hack.harmony.one). $50,000 in prizes is available for teams building projects that integrate FRAX on Harmony.

About Harmony

Harmony is your open platform for assets, collectibles, identity, governance. They are an open and fast blockchain.

About Frax

Frax is the first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.

INFO:

https://medium.com/harmony-one/frax-finance-harmony-announce-full-stack-partnership-4b2646262796