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Analyzing if Frax Finance can compete with MakerDAO

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Frax Finance's sFRAX and MakerDAO's sDAI, along with the broader DeFi ecosystem, are introducing new features. Will they be enough?

sFRAX could help the protocol gain a standing in the yield-bearing stablecoin sector as well. A recent feature it introduced might help sFRAX holders participate in the short-end of the U.S treasury market, with its yield determined by the Interest Rate on Reserve Balances .

However, despite the rising competition in the sector, MakerDAO continued to make new updates to sDAI. Recently, MakerDAO launched e-mode through the Spark protocol, permitting sDAI holders to borrow USDC and USDT or explore leveraged DeFi trading strategies.For sDAI users, this means you can borrow USDC and USDT for your leveraged DeFi strategies.As these developments unfold, the performance of both Frax Finance and MakerDAO improved. In fact, data indicated a noteworthy 209.

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 /  🏆 22. in PT
 

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