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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Hey guys,
The FRAX team has deployed a new gauge controller contract, located here 0x3669C421b77340B2979d1A00a792CC2ee0FcE737. It contains some math optimitizations as well as improved Vyper-related gas savings, but is otherwise very similar to the previous code. All users will have to re-establish their votes after the contract is linked to the rewards distributor (we will notify the community beforehand)

Hey guys,. The FRAX team has deployed a new gauge controller contract, located here 0x3669C421b77340B2979d1A00a792CC2ee0FcE737.