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

0xChaos

Frax Finance (¤, ¤) 🦇🔊

RT @0xCha0s: New $frxEth KPI milestones weekly it seems for @fraxfinance 

Congrats on crossing 73k and taking the #3 slot

$swise at 4 -&gt;…

New $frxEth KPI milestones weekly it seems for @fraxfinance 

Congrats on crossing 73k and taking the #3 slot

$swise at 4 -&gt; 72k
$fxs at 3 -&gt; 73k
$rpl at 2 -&gt; with 366k (5x)
$ldo at 1 -&gt; with 4.7m (64x)

Plenty of room to grow for $fxs 🔥 still early https://t.co/xTD9BeNK51 https://t.co/Bih5oIRHVU

Congrats @fraxfinance on hitting 60k $frxEth ... 

Seems like only last week we were just celebrating 50k milestone 🤝

$fxs ripping as market realizes no one will be able to compete with Frax's staked $eth yields &amp; are trying to be the $eth basepool on Curve -- $cvx $crv 🎡 https://t.co/3bDO1l38Bh https://t.co/y8ZRCSRr6i

RT @0xCha0s: New $frxEth KPI milestones weekly it seems for @fraxfinance. Congrats on crossing 73k and taking the #3 slot.