BAMM BAMM BAMM; THE REVOLUTIONARY PRIMITIVE DECENTRALIZING THE DEFI TRINITY

Summary from the TLDR Crypto newsletter

The Frax Core Team is developing a trustless leveraging primitive called BAMM, a Borrow AMM. The system allows users to leverage any token, without requiring oracles. The tool enables borrowing from an LP pool securely and caters to multiple parts of The DeFi Trinity. It works by maintaining its solvency and not accruing bad debt. BAMM is launching exclusively on Fraxchain in early 2024.