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

Solidity implementation of the Frax Protocol. Contribute to FraxFinance/frax-solidity development by creating an account on GitHub.

frax-solidity/FraxUnifiedFarm_ERC20.sol at e76d176404e76c18d70de771536da4b4665aca4e · FraxFinance/frax-solidity

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Dear Frax Farmers,
A weight-related math issue was discovered in the recently deployed FRAX/IQ and FRAX/pitchFXS farms (and limited to these only). There is a corner case situation where a user with no veFXS and no time lock recieves virtually no base APY. We have a presumptive fix in place for future farms (https://github.com/FraxFinance/frax-solidity/blob/e76d176404e76c18d70de771536da4b4665aca4e/src/hardhat/contracts/Staking/FraxUnifiedFarm_ERC20.sol#L298)

To this end, we will be unlocking the FRAX/IQ and FRAX/pitchFXS farms. Rewards will end for those pools next week. We hope to have their replacements up shortly.

No funds are at risk nor is there any security related issue so no immediate action is required. This only affects certain reward rates.

-Travis

Dear Frax Farmers,.