Frax Finance

Description

FRAX 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. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered.

GitHub

https://github.com/FraxFinance

Telegram

https://t.me/fraxfinance

Total balance (24h)

102,691

Total balance (30d)

102,691

Total balance (7d)

102,691

Total volume (30d)

8.49

Transaction count (30d)

8

Unique active wallets (30d)

13

Unique active wallets (7d)

1

X

https://twitter.com/fraxfinance