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

Frax news today, FRAX crypto latest news of token ticker

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.

FXS news today, Frax Share crypto latest news of token ticker

Frax Share

0xChaos

Frax Finance (¤, ¤) 🦇🔊

RT @0xCha0s: Near unanimous vote to move $frax to 100% CR over time. 

Seems like @fraxfinance serious about making it clear it’s a stable…

Near unanimous vote to move $frax to 100% CR over time. 

Seems like @fraxfinance serious about making it clear it’s a stable worth holding with no incentive and completely backed with exogenous collateral.

Will be interesting to see it scale

$fxs https://t.co/fSQXpmsge3

Frax Finance's community FIP-188 proposal voted through, and Frax will remove the protocol's algorithmic support for stablecoins and become a fully collateralized stablecoin. Read more https://t.co/U1RHIhrufJ