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,
We have enabled FXS Fraxferries for Arbitrum, Avalanche, BSC, Fantom, Moonbeam, Optimism, and Polygon. Most of the 3rd party bridge tokens are now deprecated for these chains. If you hold any of those unofficial bridge tokens, you will have to bridge them back to Eth Mainnet and then Ferry back across to your desired chain.
Thank you

Dear Community,. We have enabled FXS Fraxferries for Arbitrum, Avalanche, BSC, Fantom, Moonbeam, Optimism, and Polygon.