Equity Overview
Price & Market Data
Price: $0.895
Daily Change: +$0.0₄393 / 0.00%
Daily Range: $0.895 - $0.896
Market Cap: $265,890,179
Daily 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.