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The Frax protocol is a system with two tokens, the Frax stablecoin (FRAX) and the Frax management token (FRAX). FRAX is a stablecoin with a fractional algorithm, partially secured by collateral and partially stabilized by algorithms. Two FRAX tokens are stablecoin focused on a fixed price policy. Frax (FRAX) is a governance token for which commissions, seigniorage income and excess collateral value are accrued.The Frax protocol is a project of American software developer Sam Kazemian, who first came up with the idea of a stablecoin with a fractional algorithm in 2019. The Frax development team includes Travis Moore and Jason Huang.The market price of the FRAX stablecoin determines the ratio of collateral and algorithmic processing. If FRAX trades at a price above $1, the protocol reduces the collateral ratio. If FRAX trades at a price of less than $1, the protocol increases the collateral ratio.<h3>How Frax works</h3>FRAX is an ERC-20 FRAX management token with the following use cases:<ul><li>Management: provides holders with management rights to add/adjust collateral pools, set commissions for minting/repayment and change the frequency of updating the collateral ratio.</li><li>Bets: Place bets in various pools to earn interest from your preferred APY.</li><li>Chasing &amp; Redeeming: FRAX will be burned when FRAX is minted and minted when FRAX is redeemed.</li><li>Rewards: FRAX rewards will be claimed by users who deposit Uniswap LP tokens into stimulated pairs.</li></ul>At the time of creation, FRAX is 100% secured by collateral, which means that for the production of FRAX, only a deposit is required in the mining contract. During the fractional phase, FRAX coinage requires the placement of an appropriate collateral ratio and the burning of the FRAX ratio.<h3>Frax mining</h3>FRAX stablecoins can be mined by placing an appropriate number of its constituent parts in the system. When it is created, FRAX is 100% secured by collateral, which means that for the production of FRAX, just a deposit is required in the mining contract. During the fractional phase, FRAX mining requires the placement of an appropriate collateral ratio and the burning of the Frax ratio (FRAX). Although the protocol is designed to accept any type of cryptocurrency as collateral, this implementation of the Frax protocol will generally accept stablecoins. This is in order to even out the volatility of the collateral so that FRAX can smoothly transition to more algorithmic coefficients. As the speed of the system increases, it becomes easier and safer to include volatile cryptocurrencies such as ETH and wrapped BTC in future managed pools.<h3>How to buy Frax</h3>FRAX, a stablecoin, is available on many major exchanges and DeFi platforms, such as Uniswap and DEX. Frax (FRAX) tokens are also available and are as liquid as stablecoins. Investors who want to acquire the growth potential and the rights to manage the world's first stablecoin with a fractional algorithm should buy Frax (FRAX). Users who want stability by using the world's only stable coin with a fractional algorithm should purchase FRAX.FRAX has been registered on a number of cryptocurrency exchanges. Frax Share can be purchased on decentralized exchanges only for another cryptocurrency. To buy Free Share, you first need to purchase Ethereum (ETH), Bitcoin (BTC) and BUSD FXS Coin, where FRAX is traded and then use them to buy Frax. This will require a so-called self-storage wallet. Often such operations are carried out through Binance — the world's largest cryptocurrency trading platform. Often such transactions are conducted through Binance, the world's largest cryptocurrency trading platform.

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Frax

FRAX is a DeFi stablecoin infrastructure on Ethereum Virtual Machine.

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