Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • Zengo Wallet Reviews & Ratings
    413 Ratings
    Company Website
  • Nexo Reviews & Ratings
    15,878 Ratings
    Company Website
  • YouHodler Reviews & Ratings
    27 Ratings
  • Blockdaemon Reviews & Ratings
    2 Ratings
    Company Website
  • Coupa Supply Chain Design & Planning Reviews & Ratings
    1,223 Ratings
    Company Website
  • GAINS Reviews & Ratings
    107 Ratings
    Company Website
  • Da Vinci Supply Chain Business Suite Reviews & Ratings
    21 Ratings
    Company Website
  • Jesta Vision Suite Reviews & Ratings
    23 Ratings
    Company Website
  • o9 Solutions Reviews & Ratings
    140 Ratings
    Company Website
  • P3Source Reviews & Ratings
    16 Ratings
    Company Website

What is Frax?

Frax functions as a decentralized and open-source protocol that is seamlessly integrated on-chain, operating on Ethereum as well as various other blockchain platforms. The core aim of the Frax protocol is to create a scalable and decentralized algorithmic currency that can serve as an alternative to fixed-supply digital currencies like Bitcoin. This groundbreaking methodology signifies a notable transformation in the construction of stablecoins. Unlike many existing stablecoin systems that strictly adhere to being either completely collateralized or fully algorithmic without any support, Frax presents a hybrid approach. Conventional collateralized stablecoins typically encounter custodial risks or require significant overcollateralization on-chain. In a distinctive move, Frax merges both backed and algorithmic elements in its supply, making it the first stablecoin to incorporate a segment of its supply as floating or unbacked. This innovative structure not only improves the currency's stability but also facilitates the emergence of a more versatile and responsive financial ecosystem, ultimately promoting broader adoption and usability across diverse applications.

What is Babylon?

For the first time ever, holders of assets can earn yields from their idle cryptocurrencies securely, without relying on third-party trust or transferring to different chains. Bitcoin owners can now lock their coins using a self-custodial method, enabling them to validate Proof of Stake (PoS) chains while enjoying the rewards generated as yields. Thanks to the innovative fast unbinding and scalable restaking features of the protocol, stakers benefit from improved liquidity and higher returns. This solution effectively mitigates the risks linked to bridging, wrapping, or pegging cryptocurrencies, providing comprehensive protection against vulnerabilities associated with PoS systems. It is an exemplary enhancement for any PoS chain. The Babylon project is dedicated to creating security protocols that amplify Bitcoin's contribution to maintaining a decentralized ecosystem. To realize this vision, Babylon leverages three fundamental elements of Bitcoin: its intrinsic asset value, the PoW-secured timestamping server, and the most robust blockspace globally against censorship. By pioneering advanced protocols, Babylon aspires to forge a more secure, Bitcoin-centric decentralized future, nurturing an ecosystem that emphasizes security and operational efficiency. This commitment to innovation and security positions Babylon as a leader in the evolution of cryptocurrency ecosystems.

Media

Media

Integrations Supported

Binance
Polygon (Matic)
Avalanche
BitCanna
Carbon
CoinEx
Comdex
Connecting Steps
Cosmostation
Curve Finance
EverStake
Gate.io
Gem
Go
HitBTC
Prysm
Risk Harbor
Router Protocol
The Archway Platform
Uniswap

Integrations Supported

Binance
Polygon (Matic)
Avalanche
BitCanna
Carbon
CoinEx
Comdex
Connecting Steps
Cosmostation
Curve Finance
EverStake
Gate.io
Gem
Go
HitBTC
Prysm
Risk Harbor
Router Protocol
The Archway Platform
Uniswap

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Frax

Date Founded

2019

Company Location

Cayman Islands

Company Website

frax.finance/

Company Facts

Organization Name

Babylon

Company Location

United States

Company Website

babylonchain.io

Categories and Features

Popular Alternatives

Popular Alternatives

Cream Reviews & Ratings

Cream

C.R.E.A.M. Finance