Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
TheBlock 2022-02-25 16:52:44

Frax: a fractional-algorithmic stablecoin

Quick TakeFRAX is a stablecoin that is partially collateralized and partially algorithmic with the use of Frax Shares (FXS) as the seigniorage token.Protocol-owned collateral is deployed into various DeFi protocols, and a portion of the profit flows to FXS stakers.Frax copied Curve’s playbook in implementing a vote locking mechanism that aligns the protocol’s interest with its loyal community members by incentivizing long-term FXS staking.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.