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

0xChaos

Frax Finance (¤, ¤) 🦇🔊

RT @0xCha0s: Congrats @fraxfinance on hitting 60k $frxEth ... 

Seems like only last week we were just celebrating 50k milestone 🤝

$fxs ri…

Congrats @fraxfinance on hitting 60k $frxEth ... 

Seems like only last week we were just celebrating 50k milestone 🤝

$fxs ripping as market realizes no one will be able to compete with Frax's staked $eth yields &amp; are trying to be the $eth basepool on Curve -- $cvx $crv 🎡 https://t.co/3bDO1l38Bh https://t.co/y8ZRCSRr6i

$eth staking yields on @fraxfinance just hits different.

Market is taking notice. Fastest growing LSD. Crossed 50k just a few days ago, and already up another 16% this week total.

All possible because of $cvx $crv $fxs flywheel 🤝 https://t.co/4sdtGIzlGy https://t.co/rZpBfws8Bz

RT @0xCha0s: Congrats @fraxfinance on hitting 60k $frxEth . Seems like only last week we were just celebrating 50k milestone.