Frax brings liquidity to srRoyUSDC.
@fraxfinance operates one of DeFi's most sophisticated stablecoin ecosystems. frxUSD is its primary dollar-pegged instrument, fully backed by tokenized U.S. Treasuries from leading institutions such as BlackRock and WisdomTree.
Frax has paired frxUSD with srRoyUSDC and is directing incentives to the pool. srRoyUSDC brings covered yield, while Frax’s 100% yield-forwarding system ensures value flows directly to partners.
For Dawn, this means deeper secondary market liquidity for the Senior Vault. Depositors get a more liquid path in and out of their position.
Yield, coverage, and now liquidity. Royco keeps getting stronger.