This proposal aims at enabling an official pool of FRAX/pFRAX on O3 Interchange, our newly released cross-chain DEX.
Frax Finance would provide 20k$ as initial liquidity, which can later be withdrawn at anytime once enough liquidity is supplied.
Users of Frax Finance would be able to:
-stake their FRAX and/or FRAX/pFRAX LP tokens, in order to receive O3 Tokens as an incentive
-swap their FRAX to another chain and/or for a different asset
-earn by making arbitrage between FRAX and pFRAX, through the Peg and Barter functions
About O3 Interchange
O3 Swap’s version 2, officially named ‘O3 Interchange’, is a cross-chain DEX like no other in that it provides services
aside from bridging the same token across different chains, but rather swaps heterogeneous or different digital assets too.
In addition to aggregating DEXs on the source chain as V1 did, O3 Interchange will also aggregate DEXs on the destination chain.
That means users will have more choices for their destination asset.
We currently support ETH, BNB chain, Matic, Gnosis, Optimism, Arbitrum, OEC and FTM. We’ll add other EVM chains in the future too.
To know more about O3: https://v2.o3swap.com/