BTC $92,352.00 1.25% $92,352.00 ETH $1,792.94 7.63% $1,792.94 BNB $604.45 -1.24% $604.45 SOL $149.77 3.19% $149.77 XRP $2.21 1.51% $2.21 DOGE $0.18 2.58% $0.18 TRX $0.24 -1.00% $0.24 ADA $0.70 6.08% $0.70 TON $3.11 5.00% $3.11 SHIB $0.00 3.15% $0.00 AVAX $22.36 5.12% $22.36 BCH $359.46 5.84% $359.46 LINK $14.72 5.22% $14.72 LEO $9.09 1.49% $9.09 SUI $2.92 20.02% $2.92 DOT $7.76 1.42% $7.76 LTC $102.89 -11.81% $102.89 NEAR $3.75 1.55% $3.75 APT $8.30 -0.02% $8.30 UNI $7.05 1.65% $7.05 PEPE $0.00 2.04% $0.00 ICP $7.16 -1.35% $7.16 DAI $1.00 -0.16% $1.00 TAO $431.30 -0.26% $431.30 FET $1.18 2.73% $1.18 BTC $92,352.00 1.25% $92,352.00 ETH $1,792.94 7.63% $1,792.94 BNB $604.45 -1.24% $604.45 SOL $149.77 3.19% $149.77 XRP $2.21 1.51% $2.21 DOGE $0.18 2.58% $0.18 TRX $0.24 -1.00% $0.24 ADA $0.70 6.08% $0.70 TON $3.11 5.00% $3.11 SHIB $0.00 3.15% $0.00 AVAX $22.36 5.12% $22.36 BCH $359.46 5.84% $359.46 LINK $14.72 5.22% $14.72 LEO $9.09 1.49% $9.09 SUI $2.92 20.02% $2.92 DOT $7.76 1.42% $7.76 LTC $102.89 -11.81% $102.89 NEAR $3.75 1.55% $3.75 APT $8.30 -0.02% $8.30 UNI $7.05 1.65% $7.05 PEPE $0.00 2.04% $0.00 ICP $7.16 -1.35% $7.16 DAI $1.00 -0.16% $1.00 TAO $431.30 -0.26% $431.30 FET $1.18 2.73% $1.18
Frax
Frax is a dynamic stablecoin, central to the Frax ecosystem, that maintains dollar parity using DeFi.
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About Frax
FRAX is a stablecoin pegged to the dollar that utilizes Advanced Market Operations (AMOs) and permissionless, non-custodial subprotocols for stability.
It is the heart of the Frax Finance ecosystem, which includes products like Fraxlend, a decentralized lending marketplace, Fraxswap, a specialized automated market maker (AMM), and Fraxtal, a modular L2 built by Frax.
Additionally, FRAX employs external subprotocols like Curve for enhanced stability. Governance processes enable the integration of new subprotocols and AMOs, allowing FRAX to adapt and incorporate emerging stability solutions seamlessly.
