Hybrid algorithm stablecoin protocol Frax Finance announced a partnership with the first on-chain RWA lending protocol TProtocol, and launched USTP-FRAXBP liquidity mining on Curve, with mining rewards in CRV and TPS airdrops, with an APR of 50%. This is the second RWA partnership project that Frax Finance has collaborated on, and also marks FRAX's official layout in RWA. It is understood that USTP is a super-collateralized stablecoin based on TProtocol's national debt lending, and its iUSTP can generate around 5% lending income.
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FRAX has reached cooperation with TProtocol, the first RWA lending protocol on the chain, and launched Curve liquidity mining
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