FRAX has partnered with TProtocol, the first on-chain RWA lending protocol, and has initiated Curve liquidity mining.

BlockBeats reported on October 21st that the hybrid algorithm stablecoin protocol, Frax Finance, announced a partnership with the first on-chain RWA lending protocol, TProtocol. They also launched liquidity mining for USTP-FRAXBP on Curve, with mining rewards in CRV and TPS airdrops, and an APR of up to 50%. This is the second RWA partnership project for Frax Finance, and also marks the official layout of FRAX in RWA. It is understood that USTP is an excess collateral stablecoin based on TProtocol national debt lending, and its iUSTP can generate around 5% of lending income.