Frax Finance Launches Borrowing and Lending Market Fraxlend
Frax Finance is launching Fraxlend, its native market for borrowing and lending, which allows anyone to lend or borrow assets with any token that is a part of a Chainlink data feed. Fraxlend will enable the protocol to mint new $FRAX through the borrowing and lending process. Fraxlend allows the Frax Finance protocol to directly lend $FRAX and earn interest through existing money markets. Fraxlend will create more cash flow for Frax Finance, which can be used to buy back and burn its governance token, $FXS.