Feather has launched BRZ and frxUSD Morpho vaults on Polygon, creating what is described as the first onchain funding rate for the Brazilian real, with FX infrastructure from DFB DeFi. Users can borrow BRZ using sfrxUSD and Etherfuse's TESOURO token, while frxUSD can be borrowed against tGBP, BRZ, sPOL and sfrxUSD. According to the post, the initiative aims to reduce FX conversion costs and operational overhead, involving Morpho, Frax, Transfero Group and other partners.

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Thread · 1 event
  1. First reportFeather launches BRZ and frxUSD lending vaults on Morpho on Polygon8 acc.
  2. Leviathan published this article

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Cited posts

  • @Featherlend Feather.zoneFirst reportOn X ↗

    Feather has launched 🇧🇷 BRZ and 🇺🇸 frxUSD Morpho vaults on Polygon. - Borrow BRZ using sfrxUSD and 🇧🇷 TESOURO - Borrow frxUSD using 🇬🇧 tGBP, BRZ, sPOL, sfrxUSD Powered by @Morpho @0xPolygon @fraxfinance @transferogroup @etherfuse @tokenGBP Reducing FX conversion costs and…

  • @FraxForce Frax ForceOn X ↗

    Another win for $frxUSD on @0xPolygon.@Featherlend just went live on @Morpho with two vaults: ¤ BRZ vault : deposit ethereum:0x01d33fd36ec67c6ada32cf36b31e88ee190b1839 to lend (exposure: base:0x7cee47e7b7cd04cf984e8dd86c42595b5771a9b2,… https://t.co/JFlmhYX27v

  • @0xPolygon PolygonOn X ↗

    NEW: @Featherlend is bringing Brazilian rates entirely onchain, on Polygon. Two BRZ markets, backed by TESOURO and sfrxUSD, are now live on @Morpho Vaults.

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  • @BSCNews BSCNOn X ↗

    Polygon Unlocks Onchain Brazilian Interest Rates@Featherlend launches the first institutional-grade lending vaults for the Brazilian Real on @0xPolygon. The protocol uses @Morpho's isolated market design to incorporate Brazil's 13.75% Selic interest rate standard directly…

  • @Nxtlvl NXTLVL👑️.eth | Polygon LabsOn X ↗

    Two BRZ lending markets just went live on Morpho, on @0xPolygon BRZ is Transfero's stablecoin, pegged 1:1 to the Brazilian real borrowers post TESOURO, tokenized Brazilian treasury notes, or sfrxUSD, a yield-bearing dollar stablecoin lenders earn whatever borrowers pay… https://t.co/e7L6EI7w7F

  • @fraxfinance Frax Finance ¤⛓️¤On X ↗

    1/ Frax is helping bring Brazil’s rate onchain.@Featherlend launched @transferogroup BRZ @Morpho markets on @0xPolygon, with FX infra from @DFB_DeFi. sfrxUSD and @etherfuse TESOURO can be used to borrow BRZ. For the first time, the Real gets an onchain funding rate. https://t.co/dUgw074ST1

2 more accounts posted about this · 1 Telegram channel (no public link)

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