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 is a fractional-algorithmic stablecoin, partially secured by collateral, partially algorithmically stabilized. Stablecoin is fully managed by the community.

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Frax

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Frax Finance - Frax Ether

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Frax Staked Ether

Frax Price Index Share (FPIS) news

Frax Price Index Share

Frax Price Index (FPI) news

Frax Price Index

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PayPal's dollar-backed stablecoin PYUSD use in DeFi seems to be gathering traction. The total value locked in Curve's FRAXPYUSD has increased to $135 million, making it the third-largest liquidity pool on the exchange.

@godbole17 reports

https://t.co/SYXtAAfZgD

PayPal's dollar-backed stablecoin PYUSD use in DeFi seems to be gathering traction.