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