$
4.54
2.06%- Trading Volume(24h) -27.93% $ 11,329,896.237
- Circulating Market Cap $ 359,288,820.463 #176
- Fully Diluted Valuation $ 453,003,507.44
- Circulating Supply 79,059,977.207 FXS
- Total Supply 99,681,495.591 FXS
- Contract Address
- Supported Exchanges +28
- Launched Dec, 2020
Details
Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.
Fundraising
Investments
- 1
$
4.54
2.06%- Trading Volume(24h) -27.93% $ 11,329,896.237
- Circulating Market Cap $ 359,288,820.463 #176
- Fully Diluted Valuation $ 453,003,507.44
- Circulating Supply 79,059,977.207 FXS
- Total Supply 99,681,495.591 FXS
- Contract Address
- Supported Exchanges +28
- Launched Dec, 2020
Significant Events
2021-07-16
Frax completed a strategic financing
2020-12-21
Frax was live on mainnet
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