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 | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.06% | -0.35% | +1.72% | 133.72m | ||
| 100% | -0.02% | -1.10% | +9.03% | 13.13m | ||
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 8.14m | |
| 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% | +2.44% | +20.41% | +12.68% | 169,513.81 | ||
| 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% | -0.01% | 5,674.54 | ||
| Multichain Bridge | 100% | -0.01% | -0.01% | -0.01% | 2,906.73 | |
| -100.00% | 0 | |||||
| -100.00% | 0 | |||||
| 0 | ||||||
| 0 | ||||||
| 0 | ||||||
| -100.00% | 0 | |||||
| Octus Bridge | 0 |