Frax (FXS)
Total Value Locked$4,857,199
  .csv| Ethereum | $4.86m |
|---|
| Include in TVL (optional) | |
|---|---|
| $122.62m | |
| $285.7k |
Information
Protocol Information
FRAX 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. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered
Category: Algo-Stables
Methodology
Counts liquidty as the Collateral USDC on all AMOs, USDC POOLs, FRAX3CRV and FEI3CRVs through their Contracts
Competitors
Raises
- Total raised: 0m
- 10/22/2019 : Seed
TVL Charts
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