Frax 101: The Decentralized Stablecoins Protocol & Infrastructure

Frax 101: The Decentralized Stablecoins Protocol & Infrastructure

What Is Frax? Frax has developed a stablecoin protocol that combines asset collateralization and cryptography to create a stablecoin pegged to the US dollar. The decentralized stablecoin is designed to maintain a peg to the US dollar through asset backing and a mint/burn mechanism. Frax’s stablecoin protocol also includes the Frax Shares (FXS) governance and…