Frax (FXS)
Total Value Locked$4,704,102Â Â .csv
Ethereum | $4,704,102 |
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Include in TVL (optional) | |
---|---|
$134.68m | |
$499,900 |
Staked | $134.68m |
---|---|
$26.08m | |
$5,819,632 | |
$5,819,632 | |
$0m |
Protocol Information
FRAX is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered
Category:Algo-Stables
Audits
Methodology
TVL: Counts liquidty as the Collateral USDC on all AMOs, USDC POOLs, FRAX3CRV and FEI3CRVs through their Contracts