4pool, a yield farm on Curve, has launched on Fantom with up to $31 million in value locked and more than $2.4 million in trading volumes.
Data from Curve shows that the pool, developed after a governance vote on Curve, distributes about 0.5% in daily yield.
The liquidity pool features two decentralized stablecoins, UST and FRAX, and two centralized stablecoins, USDC and USDT. The platform seeks to expand the utility of Terra’s UST stablecoins via a partnership with Frax and Redacted Carte, a tool for earning yields on locked assets.
4Pool currently has $9.7 million in Frax, $8.4 million in USDC, $4.9 million in Terra’s UST stablecoin, and $7.9 million in Tether token.
Curve is ranked as the largest decentralized finance protocol on Ethereum, with more than $21 billion TVL. The developers have announced that 4pool will be tested first in the Fantom and Arbitrum networks before launching on Ethereum.
Source: Coindesk
