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

Wu Blockchain

RT @WuBlockchain: Frax Finance's community FIP-188 proposal voted through, and Frax will remove the protocol's algorithmic support for stab…

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