Frax Finance

Frax Finance is a decentralized stablecoin protocol that pioneered the fractional-algorithmic stablecoin model. Its flagship product, FRAX, uses a hybrid mechanism combining collateral backing with algorithmic stability. The ecosystem has expanded to include frxETH for liquid Ethereum staking, Fraxlend for lending and borrowing, Fraxswap for automated market making, and FPI as an inflation-pegged stablecoin. Frax operates across multiple chains including Ethereum, Arbitrum, Optimism, and othe...

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