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Stablecoin information
Frax attempts to be the first stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money.
Category:algorithmic
Minting and Redemption
Using the Frax Finance app, FRAX can be minted by locking USDC and burning FXS in a proportion determined by the protocol's collateral ratio.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +2.19% | -0.23% | -2.13% | 129.35m | ||
| 100% | -30.38% | -36.33% | -20.65% | 9.39m | ||
| Multichain Bridge | 100% | >-0.0001% | >-0.0001% | >-0.0001% | 1.89m | |
| Multichain Bridge | 100% | >-0.0001% | >-0.0001% | >-0.0001% | 724,233.64 | |
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 621,136.14 | |
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 580,081.47 | |
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 533,977.11 | |
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 488,478.4 | |
| 100% | +0.42% | -3.43% | -4.18% | 229,698.46 | ||
| Multichain Bridge | 100% | -0.00% | -0.00% | -0.00% | 70,996.56 | |
| Multichain Bridge | 100% | +0.00% | +0.00% | +0.00% | 48,630.43 | |
| 100% | +0.00% | +0.00% | +0.00% | 19,296.17 | ||
| 100% | -0.00% | -0.00% | -1.46% | 5,866.79 | ||
| Multichain Bridge | 100% | -0.01% | -0.01% | -0.01% | 2,906.73 | |
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