Curve founder Michael Egorov has established a new crvUSD/fFRAX liquidity pool for the CRV/FRAX market on FraxLend. On-chain data indicates that this move results in an annualized reward of up to 462.5% for the crvUSD/fFRAX pool on Curve, while the annualized reward for CRV/FRAX on FraxLend stands at approximately 70%.
According to Foresight News, Michael Egorov, the founder of Curve, has created a new liquidity pool named crvUSD/fFRAX on Curve for the CRV/FRAX market specifically on FraxLend. fFRAX is the receipt token for CRV/FRAX on FraxLend, and this move is designed to facilitate interactions between the two platforms.
The introduction of the crvUSD/fFRAX liquidity pool on Curve has yielded a high annualized reward rate of 462.5%. In comparison, the CRV/FRAX market on FraxLend currently offers an annualized reward rate of about 70%. This new liquidity pool presented by the Curve founder is poised to enhance the performance of the CRV/FRAX market on FraxLend.
