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Frax
Frax

Frax

Algo-Stables

Frax is an algorithmic stablecoin protocol focused on supplying assets, borrowing, and collateral-based credit, token swaps and liquidity pools and stablecoin-oriented exchange liquidity. Its deployments include Ethereum.

TVL
$47 144 105
Blockchain
N/A
Promo bonus
No bonus for now
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Frax offers

SFRXUSD
FRXUSD
Est. APY
3.85%
Status
Available
Term
Flexible
TVL$34 461 249
Blockchain
Ethereum
Ethereum
FRXUSD
WFRAX
Est. APY
4.42%
Status
Available
Term
Flexible
TVL$1 795 636
Blockchain
Ethereum
Ethereum
FRAX
Est. APY
1.25%
Status
Available
Term
Flexible
TVL$65 112 992
Blockchain
Ethereum
Ethereum

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 $47 144 105. 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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