Frax

Stablecoin Protocol

Frax

@Frax Finance ¤⛓️¤

Followers103,123

Following354

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Related News

Frax is developing a tech stack for AI agents on blockchain

The Block 2024-12-12

Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

Coindesk 2024-02-26

Frax Launches Modular Layer 2 Blockchain

The Defiant2024-02-09

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About Frax

Founded2019

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.

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