Frax Finance will launch sFRAX, a pledged vault based on U.S. Treasury bonds

Odaily News Frax Finance launched sFRAX, a pledged vault based on U.S. Treasury bonds, and also launched a bond product that will be converted into FRAX’s stablecoin upon maturity. Frax founder Sam Kazemian said users will be able to deposit funds into sFRAX and earn a 10% rate of return, which will then gradually drop to approximately 5.4%, the Federal Reserve’s current IORB rate. (BlockWorks)