The project intends its token to function as “scalable, trustless, stable, and on-chain money.” The Frax crypto protocol utilizes two different assets: the Frax (FRAX) stablecoin (which is built to maintain a peg to $1 USD), and the Frax Shares (FXS) governance and utility token (which is used to support the platform’s …
Is FRAX a stable coin?
The stablecoin, called FRAX, maintains its dollar value by being partially collateralized by USDC, along with an algorithm that buys and sells FRAX with another token called Frax Shares (FXS).7 Apr 2022
What is a FRAX token?
Ex: AnySwap bridged FRAX from ETH to AVAX is known as anyFRAX on AVAX while it is simply canonical FRAX on ETH. The colors and logo of the bridge protocol are prominently display on the FRAX/FXS token to clearly distinguish which bridge they originated from within the current network.
FRAX Overview – Explainer
How does FRAX make money?
FRAX is minted when collateral and FXS are deposited into the Frax protocol contract. The amount of collateral needed to be deposited to mint 1 FRAX is determined by the collateralization ratio. The Frax collateralization ratio determines the ratio between collateral and algorithm that makes up the $1 FRAX value.8 Feb 2022
How do I make mint FRAX?
At all times in order to mint new FRAX a user must place $1 worth of value into the system. The difference is simply what proportion of collateral and FXS makes up that $1 of value. When FRAX is in the 100% collateral phase, 100% of the value that is put into the system to mint FRAX is collateral.
Can you stake FRAX?
Description. Frax users are able to stake in select Uniswap liquidity pool tokens in exchange for FXS rewards. Future pools and incentives can be added by governance.
Frax Finance: Still the best Stablecoin yields!
Is FRAX decentralized?
Frax is the first algorithmically-driven global currency that is fully decentralized and backed by fractional reserves.22 Oct 2019
How do you swap FRAX?
Use your ETH to buy Frax in the trade tab
Then tap on the “Trade” tab, where you can swap ETH for any token that runs on the Ethereum standard (called “ERC-20 tokens”). Tap “choose coin” and select Frax. Input the amount of ETH you’d like to exchange for Frax.4 May 2022
What is FRAX FXS?
Frax Shares (FXS) FXS is the value accrual and governance token of the entire Frax ecosystem. All utility is concentrated into FXS. The Frax Share token (FXS) is the non-stable, utility token in the protocol. It is meant to be volatile and hold rights to governance and all utility of the system.
Frax Finance (FXS) – What is it? How does it work? What’s it worth? IS IT A GOOD INVESTMENT??
What chain is FRAX on?
Is FRAX an erc20 token?
Frax Share (FXS) – Frax Finance ¤ Modified ERC-20 Contract representing the FXS token, which is used for staking and governance actions surrounding the FRAX stablecoin.
How do you read a FRAX score?
- greater than -1: normal.
- -1 to -2.5: low bone mass (called osteopenia, a potential precursor condition to osteoporosis)
- less than -2.5: typically indicates osteoporosis.
Frax Finance: A new algorithmic stablecoin
What does FRAX 10-year probability mean?
A FRAX score estimates the probability of a fracture within the next 10 years. The output is a percentage, and higher values indicate a greater risk of fracture.12 Mar 2020