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:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.34% | +2.97% | -3.11% | 137.5m | ||
| 100% | +0.51% | +17.58% | +55.17% | 14.48m | ||
| Multichain Bridge | 100% | >-0.0001% | >-0.0001% | >-0.0001% | 2.39m | |
| 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% | 562,141.16 | |
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 533,977.11 | |
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 488,478.4 | |
| 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% | -0.01% | -0.01% | -2.48% | 5,674.63 | ||
| Multichain Bridge | 100% | -0.01% | -0.01% | -0.01% | 2,906.73 | |
| 0 | -100.00% | -100.00% | 0 | |||
| 0 | -100.00% | 0 | ||||
| 0 | 0 | |||||
| 0 | 0 | |||||
| 0 | 0 | |||||
| 0 | -100.00% | -100.00% | -100.00% | 0 | ||
| Octus Bridge | 0 |