¥ 354.33
2 years ago
(-0.16%)
Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and 12 other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The Frax ecosystem has 2 stablecoins: FRAX (pegged to the US dollar) & FPI (pegged to the Consumer Price Index).
Try our free Frax Price Index Share (FPIS) portfolio tracker if you want to efficiently keep track of your FPIS and other coin/token investments.