FRAX

Fractional-Algorithmic Stablecoin Protocol

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Overview

The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has a pool contract which holds USDC collateral. Although there's no predetermined timeframes for how quickly the amount of collateralization changes, we believe that as FRAX adoption increases, users will be more comfortable with a higher percentage of FRAX supply being stabilized algorithmically rather than with collateral.
Tags: De-Fi, Stablecoin
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The Frax Share token (FXS) is the non-stable, utility token in the protocol. It is meant to be volatile and hold rights to governance and all utility of the system.
Current Price:$4.34
Market Cap:$343,342,703 (#218)
Volume (24h):$15,889,048
Circulating Supply:79,139,486
Total Supply:99,681,496
All-Time High:$42.80 (1/12/2022)
Last Update:May 04, 2024 05:21:22
More Info:CoinGecko
FRAX stablecoins can be minted by placing the appropriate amount of its constituent parts into the system. At genesis, FRAX is 100% collateralized, meaning that minting FRAX only requires placing collateral into the minting contract.
Current Price:$0.99859
Market Cap:$648,631,902 (#136)
Volume (24h):$19,303,927
Circulating Supply:649,434,271
Total Supply:649,434,271
All-Time High:$1.14 (2/7/2021)
Last Update:May 04, 2024 05:21:22
More Info:CoinGecko

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Project Rating

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Blog

Explore the most recent news and updates on our blog. Find out about recent partnerships, updated roadmaps, staking and liquidity mining opportunities, upgrades, new team members and more. Also, be sure to check out Frax's full Medium page.

Feeds To Follow

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Project Videos

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News & Updates

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Influencer/Misc Videos

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Blockchain Friends

Below are some of the larger blockchain-related friends of the Frax project. This can include partners, forks, collaborations, and otherwise related projects.

Uniswap Project
Uniswap
Swap, earn, and build on the leading decentralized crypto trading protocol
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Ethereum Project
Ethereum
Home to digital money, global payments, and applications
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