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

Hal Press

RT @NorthRockLP: I'm slightly late to this one but I've been digging into FXS and I like it. Seems like there is genuinely an underapprecia…

I'm slightly late to this one but I've been digging into FXS and I like it. Seems like there is genuinely an underappreciated fundamental story here and ETH withdrawals are the perfect catalyst to bring this to light. Will have more detailed thoughts later.