- ← Home /
- Frax
Frax Price Chart
||
Description
Frax is the first stablecoin with an end goal of fully algorithmic mechanism that seeks to achieve this goal by beginning fully collateralized and slowly removing the collateral through on-chain smart contracts as long as the price remains stable at $1.
The protocol tests the price stability of the FRAX stablecoin by changing the collateralization to see the market’s confidence. This allows changing the collateral ratio periodically to see how much of FRAX can be algorithmically stabilized and how much of it needs collateral backing. The Frax Protocol is the first ever stablecoin to change collateralization ratios dynamically to achieve an algorithmic stablecoin.
Token Contract
Tweets by Frax
Recommendation
ZooDao
A cross-community NFT gaming experience powered by DeFi yields.
SubQuery
Transform and Query the world’s data for a Web3 future
Prime Protocol
We're building the first natively cross chain prime brokerage.
Subsquid
Powerful APIs for Web3 builders
Rango Exchange
Rango is the first multi-chain/cross-chain DEXs/bridges aggregator.
DAM Finance
The Global Liquidity Layer