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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Frax Share

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Frax Finance - Frax Ether

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Frax Price Index Share

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Frax Price Index

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Frax Staked Ether

I'm sorry but jacking interest rates to 200% via governance is a rug.  Changing the fundamental terms of a loan (10x interest rate) in a single transaction is very bad and we should call it out.

Very sympathetic to protecting protocol integrity but rugging is not the way twitter.com/NorthRockLP/st…

Twitter

I feel like its worth mentioning that the CRV Fraxlend pair is IMMUTABLE.  So to everyone saying that its impossible to build permissionless, trustless lending markets you are just wrong.

At @fraxfinance we have always believed this.