= 0.000035613527 BTC
(-1.17%) | =
0.000558840839 ETH
(-1.63%)
Low: $0.998679High: $1.0000
24H
24H Low / High
7D Low / High
30D Low / High
90D Low / High
Market Cap$1,043,823,129
Fully Diluted Valuation$1,043,823,129
24H Spot Volume$3,970,688
24H Volume / Market Cap< 0.01
(-100.00%)
Circulating Supply1,044,853,133
(100.00%)
Total Supply1,044,853,133
Max Supply1,044,853,133
Project Start Date2020 Nov
1H-0.00%
24H-0.05%
7D-0.06%
30D-0.07%
90D-0.09%
180D-0.10%
1 Y+0.21%
YTD-0.03%
What is Frax (FRAX)
Frax is a fractional-algorithmic stablecoin protocol based on Ethereum. $FRAX is the stablecoin of Frax Protocol, with parts of its supply backed by collateral and parts of the supply algorithmic.By TokenInsight Research
Launch of the Frax Price Index, a new protocol within the Frax ecosystem that would serve as an algostable peg for decentralized applications to reference.
2022 Oct
Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch
The official launch is expected soon.
The launch will allow users to stake ether (ETH) and receive a liquid derivative token called Frax Ether (frxETH). To receive the yield, users will have to exchange the first derivative token (frxETH) for Staked Frax Ether (sfrxETH), a second token that will accrue staking yield from Frax’s Ethereum validators. It is reported that Frax has finished a security audit of its liquid staking token ahead of a final release on the Ethereum mainnet.
Fraxlend is Frax's native market for borrowing and lending, which allows anyone to lend or borrow assets with any token that is a part of a Chainlink data feed. Fraxlend will enable the protocol to mint new $FRAX through the borrowing and lending process. Fraxlend allows the Frax Finance protocol to directly lend $FRAX and earn interest through existing money markets. Fraxlend will create more cash flow for Frax Finance, which can be used to buy back and burn its governance token, $FXS.
2022 Jun
Proposal of Using 20M $FRAX to Buy Back $FXS Passed by Community
Stablecoin protocol Frax Finance's community has voted to pass a proposal that proposed using 20m $FRAX to buy back $FXS. The proposal was raised by Frax's co-founders Sam Kazemian and Travis Moore. The $FXS bought back can be burned entirely, placed in veFXS yield, or retained in the treasury until future governance allocates uses.
2022 Apr
Frax v3 Launch
Empowerment of veFXS holders to control the algorithmic market operations through the expansion and contraction of $FRAX supply.
Frax Finance has approved two proposals through a community vote to make a $500,000 and $250,000 seed round investment in decentralized credit protection protocol Anzen and NEAR-based NFT project Renaissance Labs respectively.
Frax Finance updated its liquidity incentive program today. The $VSTA liquidity incentive for the $VST/$FRAX pool on Curve will cease at 23:00 UTC on February 25th. Users can then stake Curve LP Token for mining on Frax Finance to earn $FXS and $VSTA rewards.