Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M

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Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M
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The Curve-based yield farm 4pool, backed by Frax and Terra, is live on the Fantom network and has attracted $31 million, data show. shauryamalwa reports.

The Curve-based yield farm 4pool is live on the Fantom network ahead of its eventual launch on Ethereum, data show.

Curve data show the 4pool on Fantom has already locked up $31 million in value hours after launch, with over $2.4 million in traded volume. The pool is paying out daily yields of nearly 0.5%, the4pool is already the third-largest pool on Fantom. Pools currently deployed on Curve are backed by centralized or decentralized stablecoins, wrapped tokens – such as wrapped bitcoin – or a basket of various assets.

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