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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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$FXS adds more than 12% following the launching of sFRAX/ USDC market on Morpho Labs
$FXS, the ecosystem utility & governance token of Frax Finance, a stablecoins & infrastructure protocols, is up over 12% in the past 24hours, & now trades around $2.204, with inflow of $20.52M, as per Gate.io chart.
This follows the incredible News that a sFRAX/ USDC market has recently been unveiled on Morpho Labs. The new market aims to increase available liquidity for sFRAX holders as collateral to borrow USDC.