Frax Finance Launches Tangent Deposit on May 18 With frxUSD as Default Stablecoin

FRAX0.32%
CRV10.82%

According to BlockBeats, Frax Finance announced on May 12 that Tangent project deposits will launch on May 18, with frxUSD set as the default stablecoin alongside USDC support. Users can participate by providing USDC or frxUSD liquidity, earning yields and TAN token allocations while locking positions. The mechanism is built on Curve Finance’s frxUSD PegKeeper liquidity pool.

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