Frax Finance is a decentralized finance (DeFi) protocol that issues a stablecoin, Frax (FRAX), which is pegged to the US dollar. The protocol combines collateralized and algorithmic mechanisms to maintain the peg, with FRAX being partially backed by a basket of assets and partially stabilized through a system of minting and burning tokens.

Frax Finance

The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.

FINANCE:FRAX

Frax Finance

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