Frax Review

Frax Finance, launched in December 2020, brought a new twist to stablecoins with its unique fractional-algorithmic model. Created by Sam Kazemian, Frax combines collateral backing with algorithmic adjustments to keep its stablecoin, FRAX, pegged at $1. Early on, the project attracted backing from notable investors like Crypto.com Capital, Framework Ventures, and Dragonfly Capital. Frax's system dynamically adjusts its collateral ratio to maintain stability, a feature that’s helped it remain robust during market shifts. This approach has made Frax a recognized name in the stablecoin landscape, offering an adaptable and innovative option in decentralized finance.

$5 540 567

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Frax offers

FRAX

FPI

0.55%

Status

Available

Flexible

$149 961

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Coin

Action

FRAX

FPI

0.55%

Flexible

$149 961

N/A

Crypto earn alerts on Frax

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Frax, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Frax.

Earning crypto on Frax

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Frax. Check the table above for all the details.

Current TVL of the Frax protocol

The Frax protocol's Total Value Locked (TVL) is currently $5 540 567. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Frax is holding.

Frax protocol type

Frax is an Algo-Stable protocol, designed to keep its stablecoin’s value steady using smart algorithms instead of collateral. Unlike traditional stablecoins backed by fiat, Algo-Stables like Frax rely on automated adjustments to the coin's supply. When market conditions change, the protocol smoothly increases or decreases the number of tokens to keep the value aligned with a target, often a fiat currency. This approach helps make stable assets available in a way that’s both decentralized and reliable.

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