Frax
FXS
Stablecoin Protocol
$
1.86
-13.18% - Trading Volume(24h) 156.48% $ 68,186,320.437
- Circulating Market Cap $ 162,894,470.229 #264
- Fully Diluted Valuation $ 185,407,581.8
- Circulating Supply 87,487,599.366 FXS
- Total Supply 99,681,495.591 FXS
- Contract Address
0x3432...64d0 - Supported Exchanges
+32 - Launched Dec, 2020
Details
Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.
Fundraising
Subsidiary Organizations
$
1.86
-13.18% 
- Trading Volume(24h) 156.48% $ 68,186,320.437
- Circulating Market Cap $ 162,894,470.229 #264
- Fully Diluted Valuation $ 185,407,581.8
- Circulating Supply 87,487,599.366 FXS
- Total Supply 99,681,495.591 FXS
- Contract Address 0x3432...64d0
- Supported Exchanges +32
- Launched Dec, 2020
How do you feel about $FXS today?
Total Votes 4013
Significant Events
Jul, 2021
Frax completed a strategic financing
Dec 21, 2020
Frax was live on mainnet
Dec, 2020
$FXS was live for trading
Similar Projects
Gravita Protocol
An $ETH-centric Borrowing Protocol for LSTs
Mori Finance
Native stable protocol based on LSD assets
Aave
Decentralized lending-borrowing protocol
Ether.Fi
Decentralized staking protocol
Parrot Protocol
DeFi network built on Solana
Abracadabra
Cross-chain stablecoin lending protocol
Solv Protocol
Decentralized Bitcoin Staking Protocol
Angle Protocol
Novel stablecoin framework