Frax (FXS)
Total Value Locked$4.3m
| Ethereum | $4.3m |
|---|
| Include in TVL (optional) | |
|---|---|
| $66.72m | |
| $223,589 |
| Staked | $66.72m |
|---|---|
| $2.24m | |
| $2.24m | |
Protocol Information
FRAX is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered
Category:Algo-Stables
Development Activity
(updated at 09/10/24)
Weekly commits:
Monthly commits:
Weekly developers:
Monthly developers:
Last commit: a few seconds ago (2024-10-09)
Methodology
TVL: Counts liquidty as the Collateral USDC on all AMOs, USDC POOLs, FRAX3CRV and FEI3CRVs through their Contracts