Name: Frax
SKU: FRAX
Price: 1.010177214571 USD

<p>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.&nbsp;</p><p>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.</p><h3><strong>What are Frax’s key features and how does it work?</strong></h3><p>As an algorithmic stablecoin, Frax stablizes its price by deploying smart contracts that mint new tokens if the price increases, or buys them in the case that the price falls. Unlike many other stablecoins FRAX is partially collateralized to USDC.</p><p>Frax minting and redeeming is a core part of maintaining the cryptocurrency’s stable peg to USDC. FRAX can be minted by any individual who provides two tokens, these are USDC and FXS. FXS is the protocol’s “share token”, which is used to support the platform’s various functions.&nbsp;</p><p>The percentage proportions of each token are given by the Frax collateral ratio (CR). For example, if the collateral ratio is 50%, this means that 1 US dollar worth of FRAX can be minted by providing $0.50 worth of USDC and $0.50 worth of FXS. In a similar fashion, the mechanism works in reverse when redeeming FRAX for USDC and FXS provided at the start.</p><h3><strong>What is noteworthy about Frax Finance?</strong></h3><p>Frax Finance differs to other stablecoins. Firstly, users can provide liquidity to several Uniswap pools, by doing so, a user can earn rewards in the form of the platform’s FXS token.</p><p>Secondly, the platform facilitates long-term time-locked staking. This means that liquidity providers are able to lup up their LP tokens into the protocol for up to 3 years. A user earns rewards on the liquidity provided based upon the amount of time the asset is locked for and the collateral ratio.&nbsp;</p><h3><strong>What can Frax Finance be used for?</strong></h3><p>Frax Finance is planning to launch features to increase the usability of FRAX. These include FRAX bonds, a vAMM, and new collateral types. At the moment, it remains a stablecoin that due to its dual-backed mechanism remains more “stable” than other alternatives.</p><h3><strong>Where can you buy FRAX?</strong></h3><p>FRAX can be bought from the major DEXs:</p><ul><li>Uniswap;</li><li>Sushiswap;</li><li>Pangolin.</li></ul>

<p>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.&nbsp;</p><p>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.</p>

Frax

Frax Protocol is the first fractional-algorithmic stablecoin system.

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Exchange	Pair	Last Price	Change (24H)	High (24H)	Low (24H)	Spread	Volume (24H)

Ref Finance	FRAX/wNEAR	WNEAR 0.178 $ 1.02	N/A	wNEAR $ 0.00	wNEAR $ 0.00	N/A	$ 2.18M FRAX 2.14M
Trader Joe	FRAX/WAVAX	WAVAX 0.0347 $ 1.00	-0.05% -WAVAX 0.0000174	WAVAX $ 0.00	WAVAX $ 0.00	N/A	$ 748.45K FRAX 748.22K
Uniswap V3 (Ethereum)	FRAX/USDC	USDC 0.997 $ 0.997	N/A	USDC $ 0.00	USDC $ 0.00	N/A	$ 457.97K FRAX 459.38K
Fraxswap (Ethereum)	FXS/FRAX	FXS 0.437 $ 1.01	+6.27% FRAX 0.135	FRAX $ 0.00	FRAX $ 0.00	N/A	$ 384.27K FXS 166.26K
Thena	FRAX/USDT	USDT 0.999 $ 0.999	+0.10% USDT 0.000998	USDT $ 0.00	USDT $ 0.00	N/A	$ 154.72K FRAX 154.90K
Fraxswap (Ethereum)	IQ/FRAX	IQ 156.08 $ 1.01	+5.69% FRAX 0.000345	FRAX $ 0.00	FRAX $ 0.00	N/A	$ 111.22K IQ 17.20M
Ramses v2	FRAX/USDC	USDC 0.998 $ 0.998	-0.02% -USDC 0.0002	USDC $ 0.00	USDC $ 0.00	N/A	$ 90.57K FRAX 90.79K
Fraxswap (Ethereum)	FRAX/WETH	WETH 0.000304 $ 0.996	-0.23% -WETH 0.00...070	WETH $ 0.00	WETH $ 0.00	N/A	$ 87.50K FRAX 87.82K
Uniswap V3 (Ethereum)	FRAX/USDT	USDT 0.997 $ 0.997	N/A	USDT $ 0.00	USDT $ 0.00	N/A	$ 83.25K FRAX 83.48K
Uniswap V3 (Arbitrum)	FRAX/USDC	USDC 0.998 $ 0.998	N/A	USDC $ 0.00	USDC $ 0.00	N/A	$ 51.87K FRAX 51.98K

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