Frax is a fractional-algorithmic stablecoin, partially secured by collateral, partially algorithmically stabilized. Stablecoin is fully managed by the community.

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Frax

The Frax protocol is the first stablecoin system with a fractional algorithmic system. It has an open-source code that does not require permission and is linked to a chain. Implemented on Ethereum.

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Frax Share

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Dear community, 
The fixed versions of the Fraxswap FRAX/IQ and FRAX/pitchFXS gauge farms have been deployed. They are marked as V3. Please migrate your LP to these new farms and revote for the V3 versions only. We will stop rewards next gauge period for the old pools.

We also deployed the FRAX/SYN gauge.

Dear community,. The fixed versions of the Fraxswap FRAX/IQ and FRAX/pitchFXS gauge farms have been deployed.