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

DeFi Cheetah🐆 ¤🫐🦇🔊🌿

Frax Finance (¤, ¤) 🦇🔊

Curve Finance

Maker

RT @DeFi_Cheetah: 🧵[$FRAX &gt;&gt;&gt; $DAI]🧵
Why are stablecoins of @fraxfinance &amp; @CurveFinance regulatory-resistant than @MakerDAO? In fact, @Mak…

🧵[$FRAX &gt;&gt;&gt; $DAI]🧵
Why are stablecoins of @fraxfinance &amp; @CurveFinance regulatory-resistant than @MakerDAO? In fact, @MakerDAO is at a much higher risk!!

Short answer: Algorithmic Market Operations (AMO) + token fungibility + principle of protection of property rights

👇👇👇

RT @DeFi_Cheetah: [$FRAX >>> $DAI]. Why are stablecoins of @fraxfinance & @CurveFinance regulatory-resistant than @MakerDAO.