According to TechFlow, the stablecoin protocol Frax Finance tweeted announcing its cooperation with NEAR Protocol. Frax Finance has bridged and supplied more than $5.5 million of FRAX to NEAR DeFi projects Burrow Finance and Ref Finance. In addition, sFRAX and sfrxETH will also help NEAR DeFi. The two parties also plan to launch NEAR stablecoins and liquid pledge derivatives frxNEAR, and issue FRAX and sFRAX natively on NEAR. Frax Finance will also integrate NEAR DA into Fraxtal.
