According to Etherscan on-chain data, 3 hours ago, the stablecoin protocol Frax Finance used 3.8 sfrxETH (US$7,200) to mint 2,000 Curve native stablecoin crvUSD.
Previously, the first 1 million crvUSD minted before redeployment was also collateralized by sfrxETH, an Ethereum liquidity staking product under Frax Finance.
