Frax(FRAX)
Market Cap$178.79m
Price$0.99
Total Circulating180.54m
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 | -1.13% | -2.00% | -10.54% | 156.76m | ||
| Multichain Bridge | 100% | < 0.0001% | < 0.0001% | < 0.0001% | 8.14m | |
| 100% | -5.30% | +2.30% | -23.93% | 7.56m | ||
| 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% | 724,234 | |
| Multichain Bridge | 100% | < 0.0001% | < 0.0001% | < 0.0001% | 621,136 | |
| Multichain Bridge | 100% | < 0.0001% | < 0.0001% | < 0.0001% | 580,081 | |
| Multichain Bridge | 100% | < 0.0001% | < 0.0001% | < 0.0001% | 562,141 | |
| Multichain Bridge | 100% | < 0.0001% | < 0.0001% | < 0.0001% | 533,977 | |
| Multichain Bridge | 100% | < 0.0001% | < 0.0001% | < 0.0001% | 488,478 | |
| 100% | < 0.0001% | +3.35% | -78.05% | 155,612 | ||
| Multichain Bridge | 100% | 0% | 0% | 0% | 70,997 | |
| Multichain Bridge | 100% | 0% | 0% | 0% | 48,630 | |
| 100% | 0% | -0.70% | -0.53% | 5,874 | ||
| Multichain Bridge | 100% | -0.01% | -0.01% | -0.01% | 2,907 | |
| Multichain Bridge | 100% | +0.08% | +0.08% | +0.08% | 548.43 | |
| 0 | -100.00% | -100.00% | -100.00% | 0 | ||
| 0 | -100.00% | -100.00% | -100.00% | 0 | ||
| 0 | -100.00% | -100.00% | -100.00% | 0 | ||
| 0 | -100.00% | -100.00% | -100.00% | 0 | ||
| Octus Bridge | -100.00% | -100.00% | -100.00% | 0 |