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 Finance - Frax Ether

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Frax Price Index

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Napgener halving FUN.LTC

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Frax Finance (¤, ¤) 🦇🔊

RT @napgener: @CryptoGrills @CurveCap @fraxfinance frax has 25m in vecrv power  

yearn has 63m vecrv and is working on yLSD yETH  these tw…

@CryptoGrills @CurveCap @fraxfinance frax has 25m in vecrv power  

yearn has 63m vecrv and is working on yLSD yETH  these two will be the champions

yETH is made up of steth, frxeth, among others - based on gov control..

can you imagine frxeth with 25m vecrv power, and 70% share of yETHs 63m crv  (+44m more?) kek

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RT @napgener: @CryptoGrills @CurveCap @fraxfinance frax has 25m in vecrv power.