Frax Finance | Notion

Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross-chain implementations in the future).
The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.
Fractional-Algorithmic – Frax stablecoin is with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the $FRAX. If $FRAX is trading at above $1, the protocol decreases the collateral ratio. If $FRAX is trading at under $1, the protocol increases the collateral ratio.
Decentralized & Governance-minimized – Community governed and emphasizing an autonomous, algorithmic approach with no active management.
Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.
Swap-based Monetary Policy – Frax uses principles from automated market makers like Uniswap to create swap-based price discovery and real-time stabilization incentives through arbitrage. </aside>

GROWTH METRICS

Social Media Volume → Santiment

Developer Activity → Github Stars

Network Growth → Santiment

Token → $FRAX, $FXS, $FPI, $FPIS

FRAX is the stablecoin targeting a tight band around $1/coin.
Frax Shares (FXS) is the governance token that accrues fees, seigniorage revenue, and excess collateral value.

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