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Frax Finance Swap
Frax Finance Swap is the first fractional stablecoin protocol. Frax is open source, license-free, and fully on-chain - currently implemented on Ether and 12 other chains. The ultimate goal of the Frax protocol is to provide highly scalable, decentralized...
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Frax Finance Swap
Frax Finance Swap is the first fractional stablecoin protocol. Frax is open source, license-free, and fully on-chain - currently implemented on Ether and 12 other chains. The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized algorithmic currency to replace fixed supply digital assets such as BTC.
Frax Finance Swap
Official Document Introduction
The Frax ecosystem has 2 stablecoins: FRAX (pegged to the US dollar) and FPI (pegged to the US Consumer Price Index). The Frax Finance economy consists of two main stablecoins, a local AMM (Fraxswap) and a lending instrument (Fraxlend).
The core concepts for understanding the unified Frax Finance ecosystem include.
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Score --Frax is the first and only stablecoin that is partially backed by collateral and partially stabilized by an algorithm. Stablecoin (FRAX) is named after this hybrid fractional reserve system.
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Fraxswap, native AMM --Fraxswap is the first AMM with time-weighted average market maker orders, which the Frax protocol uses to rebalance collateral, mint/redemption, expand/shrink FRAX supply, and deploy protocol-owned on-chain liquidity.
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Fraxlend, a license-free lending marketplace --Fraxlend is a lending vehicle for FRAX and FPI stablecoins that allows debt origination, customized non-custodial loans and the introduction of collateralized assets into the Frax Finance economy.
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Crypto Native CPI Stable Coin - Frax The ultimate vision is to create the world's most important decentralized stablecoin. The Frax Price Index (FPI) stablecoin is the first stablecoin to be pegged to a basket of consumer goods, creating its own unit of account, separate from any nation-state denominated currency.
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Four types of tokens - FRAX is a stablecoin that targets a narrow band around $1/token. Frax Share (FXS) is the governance token for the entire Frax smart contract ecosystem, which generates fees, mint tax revenue, and excess collateral value. FPI is an inflation-proof, CPI-linked stablecoin. FPIS is the governance token for the Frax Price Index and separates its value capture from FXS holders.
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Measurement Reward System -- The community can propose new metering rewards for strategies that integrate the FRAX stablecoin. FXS emissions are fixed, halved each year, and flow to a different meter entirely based on the vote of the veFXS pledger.
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