🚀 New Asset Listing: $FRAX 🌐 @Arbitrum

🤭Omni has expanded its collateral options on Arbitrum to include FRAX. This update enhances your liquidity and provides more flexibility to optimize their strategies using FRAX.

FRAX is the stablecoin of the Frax Protocol, a decentralized, fractional-algorithmic stablecoin system. Launched in 2020, the protocol aims to provide a scalable and decentralized algorithmic currency as an alternative to fixed-supply digital assets. FRAX has a market capitalization of around $495 million.