Frax is a fractional-algorithmic stablecoin, partially secured by collateral, partially algorithmically stabilized. Stablecoin is fully managed by the community.

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Frax

The Frax protocol is the first stablecoin system with a fractional algorithmic system. It has an open-source code that does not require permission and is linked to a chain. Implemented on Ethereum.

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Fraxlend Overview

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Hi everyone,
Fraxlend is finally here for Ethereum! New pairs, features, and chains will be added over the coming days, as well as the ability to deploy user-created pairs. For the initial launch, the following pairs are available:

Ethereum
WBTC/FRAX - Variable Rate - Borrow FRAX with WBTC collateral
WETH/FRAX - Variable Rate - Borrow FRAX with WETH collateral

We've elected to start with the top blue chip assets, WETH+WBTC as inaugural markets. We're already working on rolling out other pairs and opening up factory deployments over the coming days/weeks. New pairs, Curve LP collateral, different rate models, and different oracle implementations will be added in an iterative process over time.  As well as permissionless factories to deploy all of the above permissionlessly.

You might have also noticed a governance proposal to lend FRAX. While anyone can lend FRAX to a Fraxlend pair just like using Compound/Aave, the protocol will be conducting its predominant lending activity in Fraxlend pairs through governance approved AMOs. Happy lending and borrowing! 🥳 

Documentation
https://docs.frax.finance/fraxlend/fraxlend-overview

Code
https://github.com/FraxFinance/fraxlend

Governance Proposal
https://gov.frax.finance/t/fip-109-create-fraxlend-amo/1805

Hi everyone,. Fraxlend is finally here for Ethereum.