FRAX stablecoin by Frax Finance comes to BNB Chain
According to a statement made by the Thena (THE) protocol on social media, the FRAX stablecoin by Frax Finance becomes available on BNB Chain as Fraxferry non-custodial cross-network bridge is activated.
The new liquidity ecosystem will use Thena's marketplace to attract and concentrate the initial liquidity supply. The Thena ecosystem is set to launch on mainnet on Dec. 29.
Following its launch, Thena's program for 1,000 loyal veFXS holders will kick off. "Early birds" from corresponding pools will be eligible for an airdrop of veTHE/THE liquidity provider tokens.
As of printing time, FRAX is the second largest decentralized stablecoin surpassed only by Maker's DAI. Its circulating supply exceeds $1 billion in equivalent, which brings it into the top 5 stablecoins by trading volume.
