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Frax

Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.

What is Frax?

Frax is a decentralized stablecoin protocol that issues the FRAX stablecoin, which is pegged to the U.S. dollar. It utilizes a fractional-algorithmic stability mechanism, combining collateralization with algorithmic adjustments to maintain its peg. The protocol aims to provide a scalable, trustless, and on-chain form of money.

How Does Frax Work?

Frax operates a two-token system: FRAX, the stablecoin, and Frax Shares (FXS), the governance token. The protocol dynamically adjusts the collateralization ratio of FRAX based on market demand, using a combination of collateral (like USDC) and algorithmic mechanisms to stabilize its value at $1.00.

What Makes Frax Unique?

Frax's unique fractional-algorithmic design allows it to adjust its collateralization ratio in response to market conditions, providing a balance between stability and capital efficiency. Additionally, Frax has developed subprotocols like Fraxlend, Fraxswap, and Fraxferry to enhance its ecosystem.

Who Are the Founders of Frax?

Frax was founded by Sam Kazemian, an Iranian-American software programmer. Prior to Frax, Kazemian co-founded Everipedia, a for-profit, wiki-based online encyclopedia.

Latest News

What Key Events Have There Been for Frax?

Recent developments include the introduction of native re-staking functionality and Distributed Secure Services (DSS) by Karak Network for the Frax ecosystem on Fraxtal, and the collaboration with Theo Network to integrate FRAX as viable collateral in Theo smart accounts.

Project Announcements

Frax Finance has been actively expanding its ecosystem with integrations such as the FRAX/sFRAX stable pool on Ref Finance and the addition of FRAX, wfrxETH, and FXS on Ionic for Fraxtal.

Upcoming Events

Sin datos

Projects Announcements

Where to Buy Frax?

FRAX can be traded on various exchanges, including decentralized platforms like Fraxswap and centralized exchanges that list the token. Users should check the specific exchanges for available trading pairs.

Frax Price

Daily Trading Volume

As of the latest data, the daily trading volume for FRAX is approximately $3,950,123.

All-Time High

The all-time high for FRAX was $1.00, maintaining its peg to the U.S. dollar.

All-Time Low

The all-time low for FRAX was $0.9935, reflecting minor deviations from its peg.

Market Cap and Valuation

Market Cap

FRAX has a market capitalization of approximately $493,914,587, ranking it among the top stablecoins by market cap.

Fully Diluted Valuation

The fully diluted valuation of FRAX aligns with its market cap, given its stablecoin nature and pegged supply.

Frax Price Prediction

As a stablecoin, FRAX is designed to maintain a 1:1 peg with the U.S. dollar. Therefore, price predictions are not applicable as the token's value is intended to remain stable.

FAQ

What is the Purpose of Frax?

How Can I Participate in Frax's Ecosystem?

What Sets Frax Apart from Competitors?

Is Frax Secure?

What are the Risks Associated with Frax?

Community Sentiment

5.35K Votes

50% 50%

FXS

2.976

-1.01%

Trading Volume (24h)

4353.891873067509 12698.007805397127

Circulating MCAP

$296.68M

Fully Diluted Valuation

$296.68M

Circulating Supply

99681495.47375165

Total Supply

99681495.59113361

Max Supply

99681495.59113361

Contract Address

0x3432...64d0

Go to Trade

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.