Frax

Frax is a partially algorithmic stablecoin protocol designed to maintain price stability.

What Is Frax (FRAX)? Frax is a hybrid stablecoin protocol that combines collateralized and algorithmic mechanisms to maintain price stability.

A hybrid stablecoin protocol combining collateral backing with algorithmic stabilization mechanisms to maintain its U.S. dollar peg.

Hybrid Stablecoin Governance: Used to govern and stabilize the Frax protocol, which uses both collateral and algorithmic mechanisms to maintain its U.S. dollar peg.

Algorithmic Stability: A hybrid stablecoin model, partially collateralized (e.g., with USDC) and partially stabilized by its governance token (FXS), aiming for a more scalable alternative to fully fiat-backed stablecoins.