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.

Integrations

Screenshots and Video

Frax Screenshot 1

Company Facts

Company Name:
Frax
Date Founded:
2019
Company Location:
Cayman Islands
Company Website:
frax.finance/

Product Details

Deployment
SaaS
Training Options
Documentation Hub
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Frax Categories and Features