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FRAX

Frax is the first fractional-algorithmic stablecoin system, implemented on Ethereum and designed to provide a scalable, decentralized, algorithmic money alternative. It's a unique stablecoin with parts of its supply backed by collateral and parts algorithmic. The ratio between these depends on FRAX's market price, adjusting the collateral ratio to maintain stability around $1/coin. Frax emphasizes a decentralized, governance-minimized approach, using on-chain oracles like Uniswap and Chainlink for price information. The system includes two tokens: FRAX, the stablecoin, and Frax Shares (FXS), the governance token that accrues fees and revenue. Unlike previous stablecoins that were fiat collateralized, overcollateralized with cryptocurrency, or purely algorithmic, Frax introduces a novel fractional-algorithmic category, making it a distinctive and innovative player in the stablecoin market.

frax

Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend

Algorithmic stablecoin protocol Frax Finance has launched its own lending marketplace Fraxlend, allowing users to lend and borrow tokens belonging to the Chainlink data feed without permission.

by Annie Li
Sep 07, 2022

FRAX

Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend

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