What is NoFrame

A non-custodial and decentralized stablecoin backed by fixed-yield derivatives.

NoFrame is a new DeFi primitive aiming to reach more utility for fixed yield assets which will allow more sophisticated and risk-diverse strategies . NoFrame enables users to mint a stablecoin, fixUSD, that is fully collateralized by fixed yield assets. The stablecoin will be incentivized on exchanges to maintain stablecoin liquidity and let user receive exchange trading fees, exchange incentives and NoFrame incentives on top of their fixed yield return from collateral. The NoRame codebase is completely immutable, based on Prisma Finance and Liquity. The NoFrame DAO will change protocol parameters, decide on emeission schedule, protocol fees and new collaterals.

NoFrame users

Fixed yield holders (like Pendle PT) can make their assets more productive, by using them as collateral to mint a stablecoin (fixUSD) to use it across DeFi.

Fixed yield token issuers (like Pendle) can attract additional liquidity as NoFrame allows making a significant leverage on fixed yield. These issuers can additionally incentivize certain actions on NoFrame when their tokens are used (e.g. provided as collateral to borrow stablecoin).

Links

https://noframe.io https://github.com/noframe-core/noframe-core