According to Odaily, Frax Finance has announced a partnership with NEAR Protocol to further realize a multi-chain vision through programmable currency and user-owned artificial intelligence. Over $5.5 million of FRAX has already been bridged and provided to NEAR ecosystem DeFi projects Burrow Finance and Ref Finance.
Frax's interest-bearing dollar and ETH assets, sFRAX and sfrxETH, will also power NEAR DeFi. In addition, through this collaboration, Frax will integrate NEAR DA in Fraxtal as the liquidity center for all cryptocurrencies. This partnership is a significant step towards achieving a multi-chain vision and expanding the reach of DeFi projects.
