What Is Frax (FRAX)?
Before the development of Frax, stablecoins were generally divided into three different categories: fiat collateralized, cryptocurrency-overcollateralized, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category. The Frax Protocol is the first fractional-algorithmic stablecoin system. It is an open-source, […]