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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Frax Finance - Frax Ether

Frax Price Index Share (FPIS) news

Frax Price Index Share

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Frax Price Index

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Frax Staked Ether

The $FXS asset from @fraxfinance has just joined the Aave fam!

This successful onboarding potentially paves the way for the sfrxETH onboarding.

Aave DAO 🤝 Frax.

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Most probably hasn't realized the significance of this. 
Recall how a big part of stETH growth at one point was actually through looping/leverage on AAVE.