Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M

Frax is working on supporting Fantom projects interested in joining the yield pool, its founder confirmed.

AccessTimeIconApr 21, 2022 at 6:48 a.m. UTC
Updated May 11, 2023 at 5:29 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

The Curve-based yield farm 4pool is live on the Fantom network ahead of its eventual launch on Ethereum, data shows.

  • 4pool is composed of two decentralized stablecoins, UST and Frax’s FRAX, and two centralized stablecoins, USDC and USDT. It aims to increase the utility of Terra’s UST stablecoins through a partnership with Frax and Redacted Cartel, a tool for earning yields on locked tokens.
  • Curve data show the 4pool on Fantom has already locked up $31 million in value hours after launch, with over $2.4 million in traded volume. The pool is paying out daily yields of nearly 0.5%, the data shows. The pool was created after a governance vote on Curve.
4pool is already the third-largest pool on Fantom. (Curve)
4pool is already the third-largest pool on Fantom. (Curve)
  • Data shows the pool holds $9.7 million in FRAX, $8.4 million in USDC, $4.9 million in Terra’s UST stablecoin, and $7.9 million in tether (USDT).
How the 4pool reserves are made up. (Curve)
How the 4pool reserves are made up. (Curve)
  • 4pool will initially be tested on the Fantom and Arbitrum networks, and later on Ethereum, according to its developers, with its creators aiming to make it one of the most liquid trading pools on Curve. Curve remains the biggest decentralized finance platform on Ethereum with over $21 billion in value locked.
  • Pools currently deployed on Curve are backed by centralized or decentralized stablecoins, wrapped tokens – such as wrapped bitcoin – or a basket of various assets.
  • 4pool, however, will bring together UST and FRAX, the two largest decentralized stablecoins, with a cumulative backing of over $19.6 billion, and USDT and USDC, the two largest centralized stablecoins, with a cumulative backing of $133 billion. This would make it one of the most liquid decentralized pools within the crypto ecosystem.
  • Meanwhile, Frax Finance founder Sam Kazemian said in a message to CoinDesk that projects interested in the 4pool would receive operational support from the protocol.
  • “FRAX and Terra look forward to supporting all the projects that use 4Pool for their stablecoin yield & liquidity needs,” Kazemian said.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about