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BaseSwap, a leading decentralized exchange (DEX) on the Base chain, is thrilled to unveil its latest collaboration with Frax Protocol, a pioneer in algorithmic stablecoins. This partnership marks a significant milestone in the DeFi space, leveraging Frax's innovative v3 technology for concentrated liquidity pools.
Bringing Frax Liquidity to BaseSwap
As one of the first platforms to introduce and cultivate Frax liquidity, BaseSwap is spearheading the adoption of advanced DeFi solutions. Through this strategic alliance, BaseSwap is launching three initial liquidity pools, all powered by Frax's v3 concentrated liquidity technology:
- SFRX-ETH / SFRAX
- SFRAX-USDC
- SFRX-ETH / ETH
These pools will offer users unprecedented opportunities to provide liquidity and earn rewards in multiple tokens, including BaseSwap's native tokens ($BSX and $xBSX) and Frax's governance token, $FXS.
Triple Rewards for Liquidity Providers
Liquidity providers (LPs) participating in these pools will benefit from triple rewards, as they contribute to the growth and stability of the BaseSwap ecosystem. By staking their assets in Frax-powered liquidity pools, LPs can earn rewards in three distinct tokens, amplifying their earning potential and incentivizing participation.
About BaseSwap
BaseSwap is a decentralized exchange built on the Base chain, offering users seamless access to a wide range of DeFi services, including trading, liquidity provision, and yield farming. With a commitment to innovation and user-centric design, BaseSwap is revolutionizing the way users interact with decentralized finance, providing a secure and efficient platform for their financial needs.
About Frax Protocol
Frax Protocol is a decentralized stablecoin platform that aims to provide stability, scalability, and decentralization to the cryptocurrency space. Frax achieves stability through algorithmic mechanisms, enabling the creation of a reliable and trustless stablecoin that can adapt to market conditions dynamically.
Contact Info:
Name: S. Madrid
Email: Send Email
Organization: BaseSwap DEX
Website: https://baseswap.fi
Release ID: 89127212
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