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Frax

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About Frax

Frax, an open-source and permissionless protocol, is entirely on-chain and currently operates on Ethereum and other blockchains. Its ultimate objective is to offer a decentralized and highly scalable algorithmic currency, serving as an alternative to fixed-supply digital assets like BTC. Frax represents a new era in stablecoin design, diverging from the traditional approach of either complete collateralization or solely algorithmic backing. Unlike other stablecoins, Frax combines collateralized and algorithmic components in its supply. Consequently, FRAX becomes the pioneering stablecoin with a portion of its supply supported by collateral, while other segments remain algorithmic and unbacked. To explore the best crypto tools, seek advice from crypto trading experts, access top-notch crypto trading tools and analysis tools, and discover the finest charting, research, investigation, and monitoring tools for cryptocurrencies.

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Cross Chain Bridges
Crypto Lending (DeFi)
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Yield Farms
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