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

Frax’s LSD on the cusp of breaking 70k staked ETH 👀 

https://t.co/GYJlnz6Ule https://t.co/PXAUeJfE9K

Frax's LSD on the cusp of breaking 70k staked ETH.