Frax

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

Frax is a stablecoin protocol that combines collateralized and algorithmic mechanisms to maintain price stability in decentralized finance.

A "fractional-algorithmic" stablecoin. It is backed by two things: traditional collateral (like other stablecoins) and an algorithmic mechanism that uses its native FXS token to maintain its $1.00 peg.

Hybrid Stablecoin Governance: Used to govern and stabilize the Frax protocol, which utilizes both collateral and algorithms to maintain its US Dollar peg.

Algorithmic Stability: A hybrid stablecoin that is partially collateralized by USDC and partially by its own token (FXS). It is used to provide a highly scalable, decentralized alternative to fiat-backed stablecoins.