Frax Finance

stablecoin protocol

defi

algorithmic stablecoin

$0

0.00%

more

Frax Finance is the first fractional-algorithmic stablecoin protocol. It is open-source, permissionless, and entirely on-chain, currently implemented on Ethereum and 12 other chains. The goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money instead of fixed-supply digital assets such as BTC. The Frax ecosystem has two stablecoins: FRAX, pegged to the US dollar, and FPI, pegged to the Consumer Price Index.