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Funding RoundsFrax Funding Rounds
Frax FRAX
Rank: 48
163 Watchlists
Stablecoin
Contracts/Blockchains:

Frax Price

$ 0.999
0.03

0.0000368

Low
High

$ 1.00

$ 0.997

About Frax

Frax Protocol is the first fractional-algorithmic stablecoin system.
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Frax Funding Rounds

About Frax

Frax is a fractional-algorithmic stablecoin, it is the first cryptocurrency to be partially backed by asset collateral and partially stabilized by cryptographic algorithms. Algorithmic stablecoins reach a stable value and balance their circulating supply by being based on a different reserve asset. 

The Frax protocol makes use of two different assets. These are the Frax (FRAX) stablecoin, which is pegged 1:1 to the US dollar, and the Frax Shares (FXS) token, which is used as a governance and utility token.