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Frax Finance
At Frax, we're building the world's most scalable stablecoin infrastructure for the next generation of finance.
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Employees: 10
Fraxchain
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Description
Frax is a protocol with its own stablecoin as a gas token, with gasless transactions proportional to each account's holdings of its stablecoins.Chains:
Frax
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Description
The Frax Finance Stablecoin Protocol, also known as Frax, is a stablecoin protocol that issues decentralized stablecoins and contains subprotocols to support them. Frax currently issues 3 stablecoins. FRAX, a USD pegged asset. The Frax Price Index (FPI) stablecoin, the first stablecoin pegged to a basket of consumer goods creating its own unit of account separate from any nation state denominated money. FraxEther (frxETH), pegged to ETH for use as a replacement for WETH in smart contracts. The Frax Protocol also has 3 subprotocols within it that integrate its stablecoins: Fraxlend, Fraxswap, and Fraxferry.TVL: $4.3M
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FPI
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Description
Frax Price Index (FPI) is the first stablecoin pegged to a basket of consumer goods (CPI) creating its own unit of account separate from any nation state denominated money. FPI is fully backed and crypto collateralized.FrxETH
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Description
Frax Ether (frxETH & sfrxETH) is an ETH pegged stablecoin and LST system used as a replacement for WETH in smart contracts. Designed to leverage the Frax ecosystem and fully crypto collateralized.TVL: $443M
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Fraxswap
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Description
Fraxswap is the first constant product automated market maker with an embedded time-weighted average market maker (TWAMM) designed by Frax Finance. Fraxswap is mainly used for conducting large trades over long periods of time trustlessly. On June 2022, the Frax Finance team announced the launch of Fraxswap.TVL: $31M
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Fraxlend
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Description
Fraxlend is a trustless, permissionless, and non-custodial lending platform that provides lending markets between any two ERC20 tokens. Each pair is an isolated market which allows anyone to participate in lending and borrowing activities.TVL: $105M
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Fraxferry
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Description
Fraxferry is a permissionless, non-custodial, and secure method to transfer natively issued Frax Protocol tokens across many blockchains without requiring bridges or third-party applications.Chains:
Frax FPI
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Description
Frax Finance is a decentralized finance (DeFi) platform that provides a range of financial products and services, including stablecoins, lending, staking, and governance tools. It aims to create a scalable and decentralized algorithmic currency system.Category: Algo-Stables
TVL: $606K
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