FR
Fraxlend lets anyone create an isolated lending market between any pair of ERC-20 tokens. Each market has its own risk parameters, oracle, and rate model — similar in spirit to Morpho Blue’s permissionless market creation.
Fraxlend is part of the broader Frax stack and is integrated tightly with FRAX/frxUSD as a core stablecoin asset. FXS is the governance token.