Institutions
FRAX is only available to store
This asset is currently unavailable to trade on Gemini. You can store FRAX and transfer it with a compatible external wallet.
$0.995634
-$0.001922 (-0.19%)
Past year
Volume (24H)
--
Circulating Supply
649.4M
Market Cap
$646.5M
About Frax (FRAX)
Frax Finance is a decentralized lending platform which issues the FRAX stablecoin. Frax Finance algorithmically sustains the value of FRAX through the use of fractional collateral reserves. The collateral used on Frax Finance is split between an accepted collateral (e.g. ether) and Frax Finance’s governance token, FXS. The collateralization ratio for FRAX changes based on its price.
Refer friends and get crypto
You can get $15 in the crypto of your choice and earn up to 25% of your friends' trading fees for a year.
Frax links and resources
Frax Finance whitepaper
Frax Finance website
