Cryption Network Partners With Frax
Cryption Network is thrilled to announce a partnership with Frax.
This partnership will add value to both platforms and help optimize the crypto ecosystem. Additionally, to add liquidity to PolyDEX while creating dual farms for FXS and CNT.
With this partnership, they aim to:
- Create a dual farm that will farm FXS and CNT simultaneously.
- Add the “Mint FRAX” function in our Cryption app, which will allow users to mint FRAX without having to visit a different platform.
- Cryption Network will create a pool to stake FXS token and reward the staking with CNT token. This will incentivize users to lock FXS to earn CNT tokens.
- FRAX, in turn, will add liquidity to PolyDEX and promote crypto adoption.
About Frax
Frax Finance is a blockchain-powered project that features a FRAX token, an algo-stable coin that is partially collateralized. Frax attempts to become the first stablecoin with design principles such as scalability, trustless, stable, and ideologically pure on-chain money.
About Cryption Network
Cryption Network is making its name in the long line of DeFi platforms by providing a solution to the three crippling problems the DeFi industry faces. It aims to offer a smooth transition to retail investors from fiat currencies to cryptocurrencies.
🔽 FULL DETAILS:
https://blog.cryption.network/cryption-partners-up-with-frax-f845bb0385a3
