Wasn'T squid supposed to work the way they mint FRAX

Question

Wasn'T squid supposed to work the way they mint FRAX

directly via brige with their axlUSDC and vice versa? It's about month and a half since Fraxtal is live, why not onboarding Stargate or Rhino?

#cryptocurrency #english #frax

0

13.04.2024

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Ownagejuice

Sam Kazemian ¤⛓️¤
Not sure what you're referring to about minting FR...

Rhino Fi is awesome product Sam. Fast and cheap bridge for Ethereum L2s . You should totally collab and check em out. It'd be nice to see Fraxtal there

0

8 месяцев назад

Sam Kazemian ¤⛓️¤ · Accepted Answer

Not sure what you're referring to about minting FRAX through squid. Usually the liquidity-based bridges like Axelar are the fastest and best experience, but limited in liquidity so when they are tapped out, it's the limiting factor there. Stargate/L0 is integrated into Fraxtal. But those bridges are per token, not every asset. For example, USDe is issuing on Fraxtal with L0/Stargate support, but that's only for Ethena. We are working with them to get more Frax Assets available but it's a token-by-token case, not the entire chain works out of the box.

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Wasn'T squid supposed to work the way they mint FRAX

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