{"id":164099,"date":"2024-04-03T17:34:13","date_gmt":"2024-04-03T17:34:13","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164099"},"modified":"2024-04-03T17:34:16","modified_gmt":"2024-04-03T17:34:16","slug":"noble-and-frax-finance-to-bring-frax-and-sfrax-stablecoins-to-cosmos-ecosystem","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/noble-and-frax-finance-to-bring-frax-and-sfrax-stablecoins-to-cosmos-ecosystem\/","title":{"rendered":"Noble and Frax Finance to Bring FRAX and sFRAX Stablecoins to Cosmos Ecosystem"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">The integration of stablecoins FRAX and sFRAX into the Cosmos and IBC ecosystem <strong>will strengthen the decentralized finance (DeFi) sector. <\/strong><\/li>\n<li style=\"text-align: justify\"><strong>FRAX<\/strong>, backed by algorithms, <strong>maintains a 1:1 parity with the US dollar<\/strong>, ensuring stability and security, while <strong>sFRAX allows users to earn additional yields by locking their FRAX. <\/strong><\/li>\n<li style=\"text-align: justify\">The collaboration<strong> promotes cross-chain interoperability and offers innovative solutions for DeFi<\/strong> <strong>users<\/strong> worldwide.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>The integration of stablecoins FRAX and sFRAX into the Cosmos and IBC ecosystem will make a significant contribution to the <a href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\">decentralized finance (DeFi)<\/a> sector.<\/strong> This collaboration between Noble and Frax Finance brings new opportunities for users and developers in the Cosmos network, boosting adoption and liquidity.<!--more--><\/p>\n<p style=\"text-align: justify\">FRAX is a stablecoin pegged to the US dollar, offering stability and security to users by <strong>maintaining a 100% collateralization ratio<\/strong>. It is<strong> backed by algorithms<\/strong> and uses Algorithmic Market Operations (AMO) contracts to maintain its parity with the dollar. On the other hand, <strong>sFRAX represents a staked version of FRAX, where users can lock their FRAX to receive sFRAX and earn additional yields.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are excited to partner with <a href=\"https:\/\/twitter.com\/fraxfinance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@fraxfinance<\/a> to bring their innovative suite of decentralized stabelcoins to the <a href=\"https:\/\/twitter.com\/cosmos?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@cosmos<\/a> ecosystem.<\/p>\n<p>Noble is the UX layer for native asset issuance in the ever expanding modular ecosystem. \u2728\u2728\u2728 <a href=\"https:\/\/t.co\/rFvOt4hvfS\" target=\"_blank\">https:\/\/t.co\/rFvOt4hvfS<\/a><\/p>\n<p>&mdash; Noble (@noble_xyz) <a href=\"https:\/\/twitter.com\/noble_xyz\/status\/1775480157886914605?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The introduction of stablecoins into the Cosmos ecosystem expands the available options for users. <strong>They provide stability and liquidity while also offering investment opportunities and participation in the market.<\/strong> They will give users the opportunity to use a variety of decentralized financial applications, such as loans, exchanges, and yield strategies.<\/p>\n<h2>More Stablecoins, More backing, More stability<\/h2>\n<p style=\"text-align: justify\">Noble&#8217;s role as a digital asset issuance chain is essential for this integration. <strong>Noble facilitates the issuance and distribution of FRAX and sFRAX in <a href=\"https:\/\/crypto-economy.com\/cosmos-network\/\" target=\"_blank\" rel=\"noopener\">Cosmos<\/a> and promotes cross-chain interoperability through the IBC protocol<\/strong>. This allows all major Cosmos chains integrated with IBC to access FRAX and sFRAX natively.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-81616 size-full\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/04\/frax-post-1.jpg\" alt=\"frax stablecoin\" width=\"825\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\">These two entities will strengthen the DeFi industry by offering innovative and accessible solutions to users worldwide. Additionally, <strong>it is expected that other tokens from <a href=\"https:\/\/frax.finance\/\" target=\"_blank\" rel=\"noopener\">Frax Finance<\/a>, such as the Frax Price Index (FPI) and FraxEther (frxETH), will be available in the Cosmos ecosystem in the near future.<\/strong><\/p>\n<p style=\"text-align: justify\">Undoubtedly, the integration of FRAX and sFRAX into the Cosmos and IBC ecosystem will bring the expected and necessary change for the growth of the DeFi industry. This partnership promises to drive adoption, liquidity, and innovation, providing new opportunities for users and developers worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The integration of stablecoins FRAX and sFRAX into the Cosmos and IBC ecosystem will strengthen the decentralized finance (DeFi) sector. FRAX, backed by algorithms, maintains a 1:1 parity with the US dollar, ensuring stability and security, while sFRAX allows users to earn additional yields by locking their FRAX. The collaboration promotes cross-chain interoperability and &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Noble and Frax Finance to Bring FRAX and sFRAX Stablecoins to Cosmos Ecosystem\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/noble-and-frax-finance-to-bring-frax-and-sfrax-stablecoins-to-cosmos-ecosystem\/#more-164099\" aria-label=\"More on Noble and Frax Finance to Bring FRAX and sFRAX Stablecoins to Cosmos Ecosystem\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":164101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111,84,74],"tags":[4620,9816,4656,5287,5016],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164099"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=164099"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164099\/revisions"}],"predecessor-version":[{"id":164102,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164099\/revisions\/164102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/164101"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=164099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=164099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=164099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}