Frax (FXS)
Total Value Locked$3.11m
| ||||||
|
| Staked | $53.63m |
|---|---|
| $3.25m | |
| $7.75m | |
| $7.75m | |
| $3.28m | |
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
Development Activity
(updated at 04/04/25)
Weekly commits: 11
Monthly commits: 6
Weekly developers: 3
Monthly developers: 3
Last commit: 3 days ago (2025-04-04)
Methodology
TVL: Counts liquidty as the Collateral USDC on all AMOs, USDC POOLs, FRAX3CRV and FEI3CRVs through their Contracts