About frax

Frax (FRAX) is a stablecoin with a fractional-algorithmic stability mechanism. The open-source Frax protocol offers scalability, decentralization, and on-chain transactions. It addresses issues in existing stablecoin protocols by combining collateralization and algorithmic design. Frax stablecoin (FRAX) is the liquidity pool token, redeemable for traditional currency, while Frax Shares (FXS) serves as the governance token. The protocol accepts various collateral types and promotes stability. Sam Kazemian, with support from Stephen Moore, founded Frax in 2019.

Market Cap

$648.2M

frax Price

$1.00

FDV

$650.1M

Vol24h

$27.9M

Circulating Supply

649.4M frax

Total Supply

-

Aditional Info

  • Website

    Website Whitepaper

  • Community

  • Algorithm

    N/A

  • Proof Type

    N/A

  • Block Reward

    0

  • All Time High

    $1.14

  • ATL Date

    02/07/2021

Frax Frax frax

$1.00

0.58% (1d)

frax News

At this time, there are no updates to share. We will keep you informed as soon as there is any news