According to ChainCatcher, Frax Finance announced a partnership with NEAR Protocol on X to further realize the multi-chain vision through programmable currency and user-owned artificial intelligence.

Currently, more than $5.5 million of FRAX has been bridged and provided to NEAR ecosystem DeFi projects Burrow Finance and Ref Finance. Frax's interest-bearing USD and ETH assets sFRAX and sfrxETH will also power NEAR DeFi.

In addition, through this partnership, Frax will integrate NEAR DA in Fraxtal as a liquidity center for all cryptocurrencies.