Frax pioneered fractional-algorithmic stablecoins combining collateral and algorithmic mechanisms. frxUSD maintains tight peg through minting/redeeming mechanics and seigniorage revenue capture. FXS governance token benefits from protocol adoption through buybacks and distribution. Ecosystem includes FraxSwap DEX, Fraxlend protocol, and Frax Ether (frxETH) liquid staking with veFXS locking up to 4X boost.
Joined onTue Feb 03 2026Validated onWed Feb 04 2026Likes15000Favorited3000