Frax Finance – FRAX is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms.
The FRAX stablecoin is a fractional-algorithmic stablecoin that is pegged to the US dollar. It is partially collateralized by USDC and other stablecoins, and the rest ...
Tags:BNBChain-BNB BNBChain-DAPP BNBChain-DEFI Crypto Market Decentralized exchanges DEX ETH DAPP ETH DEFI Ethereum-ETH MATIC -PolygonDAPP defi DEX Exchanges Farming RWA swap token Tool wallet WEB3What is Frax Finance?
Frax Finance is a decentralized finance (DeFi) protocol that offers a variety of products and services, including a stablecoin, a liquid staking solution, and a lending platform.
FRAX Stablecoin
The FRAX stablecoin is a fractional-algorithmic stablecoin that is pegged to the US dollar. It is partially collateralized by USDC and other stablecoins, and the rest of its value is maintained by an algorithm that adjusts the supply of FRAX tokens. This algorithm uses a feedback mechanism to ensure that the price of FRAX remains close to $1.
frxETH
frxETH is a liquid staking solution that allows users to earn interest on their ETH holdings without having to lock them up in a staking contract. frxETH is a tokenized representation of staked ETH, and it can be traded on decentralized exchanges.
Fraxlend
Fraxlend is a trustless, permissionless, and non-custodial lending platform that provides lending markets between any two ERC20 tokens. Each pair is an isolated market which allows anyone to participate in lending and borrowing activities.
FRAX Governance (FXS)
FRAX Shares (FXS) is the governance token of the Frax Finance protocol. FXS holders have the ability to vote on proposals that affect the future of the protocol. They also earn fees, seigniorage revenue, and excess collateral value.
Overall, Frax Finance is a versatile DeFi protocol that offers a variety of innovative products and services. It is still a relatively new protocol, but it has already gained a significant following in the DeFi community.
Here are some of the links that you may find helpful:
- Frax Finance website: https://frax.finance/
- Frax whitepaper: https://github.com/FraxFinance/frax-solidity/blob/master/frax_whitepaper_v1.pdf
- FRAX stablecoin on CoinMarketCap: https://coinmarketcap.com/currencies/frax/
- frxETH on CoinMarketCap: https://coinmarketcap.com/currencies/frax-finance-frax-ether/
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