Equity Overview
Price & Market Data
Price: $0.464
Daily Change: -$0.0₄785 / 0.02%
Range: $0.464 - $0.464
Market Cap: $146,133,819
Volume: 0
Details
Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance.