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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 multiple stablecoins, including FRAX, a USD-pegged asset; FPI, the Frax Price Index stablecoin pegged to a basket of consumer goods; and frxETH, a liquid staking derivative token pegged to ETH. The protocol aims to provide scalable and decentralized stablecoins by utilizing a combination of algorithmic mechanisms and collateralization.

How Does Frax Work?

Frax employs Algorithmic Market Operations (AMOs) to dynamically adjust the supply and collateralization of its stablecoins. These AMOs interact with various DeFi protocols to manage collateral and maintain the stability of the stablecoins. For instance, the Curve AMO manages liquidity in Curve Finance pools to stabilize the FRAX peg.

What Makes Frax Unique?

Frax's unique approach combines algorithmic mechanisms with collateralization to maintain stablecoin pegs. The protocol's use of AMOs allows for efficient and automated market operations, and its issuance of multiple stablecoins, such as FPI, which is pegged to a basket of consumer goods, sets it apart from other stablecoin projects.

Who Are the Founders of Frax?

Frax was founded by Sam Kazemian, an entrepreneur with a background in software development and cryptocurrency. He co-founded Everipedia, a blockchain-based encyclopedia, before launching Frax Finance.

Latest News

What Key Events Have There Been for Frax?

Frax has achieved significant milestones, including the launch of Frax v3, which introduced full exogenous collateralization and the Frax Price Index (FPI) stablecoin. The protocol has also expanded its ecosystem with products like Fraxswap, Fraxlend, and Frax Bonds (FXB).

Project Announcements

Recent updates include the introduction of Fraxtal, a modular Layer 2 chain using frxETH as the gas token, and the development of Frax Bonds (FXB) to help stabilize the FRAX peg.

Upcoming Events

暂无数据

Projects Announcements

Where to Buy Frax?

FRAX can be traded on various decentralized exchanges, including Curve Finance and Uniswap. It is also available on centralized exchanges such as Binance and Coinbase.

Frax Price

Daily Trading Volume

The daily trading volume of FRAX varies, with significant activity observed on major exchanges.

All-Time High

FRAX has maintained a stable peg to the USD, with minimal deviation from its $1.00 target.

All-Time Low

FRAX has maintained a stable peg to the USD, with minimal deviation from its $1.00 target.

Market Cap and Valuation

Market Cap

As of the latest data, FRAX's market capitalization is substantial, reflecting its adoption and trust within the DeFi community.

Fully Diluted Valuation

The fully diluted valuation considers the total supply of FRAX and its current price, providing insight into the protocol's overall valuation.

Frax Price Prediction

While specific price predictions are speculative, FRAX's design aims to maintain a stable $1.00 peg. Factors influencing its stability include the effectiveness of AMOs, market demand, and the protocol's ability to manage collateral efficiently.

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

1.586

-7.55%

Trading Volume (24h)

22259.68440149177 35141.31628003

Circulating MCAP

$158.04M

Fully Diluted Valuation

$158.04M

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.