Frax

About Frax

Frax (FRAX) is a decentralized stablecoin protocol built on Ethereum and designed to maintain a peg to the US dollar. It pioneered the fractional-algorithmic stablecoin model, meaning its supply is partially backed by collateral and partially stabilized through algorithmic mechanisms. This hybrid approach distinguished it from purely collateralized or purely algorithmic stablecoins. Frax operates within a broader ecosystem that includes lending, liquidity, and decentralized finance infrastructure, integrating with major DeFi protocols across multiple blockchains to serve as a reliable, scalable stable asset.