Frax Has Partners With Ola Finance
Frax has announced partnership with Ola Finance to launch lending network for the fractional-algorithmic stablecoin
The Frax Lending Network will deepen their integration with Moonbeam by providing additional functionality for users who mint FRAX tokens natively on Moonbeam.
At launch, the lending network will support lending and borrowing for FRAX, FXS, USDC, and WGLMR (wrapped GLMR — Moonbeam’s native asset).
About Moonbeam Network
Moonbeam is an Ethereum compatible smart-contract parachain for building decentralized applications in the Polkadot ecosystem. By providing cross-chain smart contract functionality, Moonbeam allows developers to shift existing workloads and logic to Moonbeam and extend the reach of their applications to new users and assets in the Polkadot ecosystem.
About Frax
Frax is the first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain — currently implemented on Ethereum and other chains. 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.
About Ola Finance
Ola Finance is a Lending-as-a-Service platform that allows anyone to create their own branded lending network at the click of a button. Each Lending Network (LeN) consists of a number of different tokens, determined by the network creator, which can be lent and borrowed.
