Information
TVL
Stablecoin Info
Yields
Fees and Revenue
Forks
Frax (FXS)
Total Value Locked$5.6m
| Ethereum | $5.6m |
|---|
| Include in TVL (optional) | |
|---|---|
| $221.29m | |
| $631,299 |
| Staked | $221.29m |
|---|---|
| $26.08m | |
| $4.92m | |
| $7.43m | |
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
Audits
Methodology
TVL: Counts liquidty as the Collateral USDC on all AMOs, USDC POOLs, FRAX3CRV and FEI3CRVs through their Contracts