Frax
Issuers
Stabilizing DeFi's Future: Multi-Pegged Stablecoins with Revolutionary Infrastructure
Founders
Sam Kazemian (Co-Founder)
Travis Moore (Co-founder & CTO)
Jason Huan (Co-founder)
Launch Date
Key Investors
Crypto.com Capital
Electric Capital
Dragonfly
Robot Ventures
Stani Kulechov
and more
About
Frax is a pioneering DeFi protocol offering three innovative stablecoins: FRAX (USD-pegged), FPI (consumer goods basket-pegged), and frxETH (ETH-pegged). The ecosystem features a comprehensive infrastructure with Fraxswap (AMM with TWAMM), Fraxlend (permissionless lending platform), and Fraxferry (cross-chain transfer solution). Governed by two utility tokens (FXS and FPIS), Frax revolutionized cryptocurrency with its partially collateralized, partially algorithmic stabilization mechanism, creating a self-sufficient DeFi economy.
3
issued stablecoins by Frax
1st
TWAMM for large trades
Use Cases
- Lending/Borrowing - Lend or borrow ERC20 tokens in isolated markets using Fraxlend.
- Cross-Chain Transfers - Transfer Frax Protocol tokens across different blockchains with Fraxferry.
- Stablecoin Swapping - Conduct trustless stablecoin swaps using Fraxswap.
- Governance Participation - Participate in governance decisions by staking FXS or FPIS.
Frax Stablecoin Ecosystem
- Issues three stablecoins: FRAX, FPI, and frxETH
- FRAX is a crypto-collateralized stablecoin pegged to the US dollar
- FPI is pegged to a basket of consumer goods (CPI)
- frxETH is an ETH-pegged stablecoin and LST system
- The Frax ecosystem is a self-sufficient DeFi economy utilizing stablecoins as currency
Frax Infrastructure Protocols
- Fraxswap is an AMM with an embedded TWAMM for large trades
- Fraxlend is a lending platform for ERC20 tokens
- Fraxferry facilitates the transfer of Frax Protocol tokens across blockchains
- Frax Share (FXS) is the utility token for governing the ecosystem's stablecoins and infrastructure protocols
- Frax Price Index Share (FPIS) is a utility token that governs the FPI stablecoin's CPI peg
Trusted by
