¥ 152.14
1 min ago
(-0.51%)
Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance.
Try our free Frax (FRAX) portfolio tracker if you want to efficiently keep track of your FRAX and other coin/token investments.