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

IQ.wiki

Frax Finance (¤, ¤) 🦇🔊

RT @IQWIKI: Happy 2nd birthday to @fraxfinance, the inventors of the world's first fractional algorithmic stablecoin $FRAX and first crypto…

Happy 2nd birthday to @fraxfinance, the inventors of the world's first fractional algorithmic stablecoin $FRAX and first crypto native CPI $FPI.

This isn't just a fun milestone, total $FXS emissions also halved today as per the yearly halvening schedule.

https://t.co/V4qapYdbI9 https://t.co/oCZQZS9Cut