Kryptopriser -Legacy Frax Dollar
frax
Legacy Frax Dollar
NOK 9.16
24t: -0.22%7d: -0.25%30d: -0.44%1y: -1.07%
NOK 9.16
Frax Share (FXS) is the governance token of the Frax Protocol, a decentralized, fractional-algorithmic stablecoin system. The protocol aims to provide a highly scalable, decentralized, and algorithmic stablecoin that maintains a stable peg to the US dollar.
The Frax stablecoin (FRAX) is unique in its "fractional-algorithmic" approach. This means it is partially collateralized by other cryptocurrencies and partially stabilized algorithmically. The ratio between collateral and algorithmic backing can change dynamically based on market conditions.
The Frax Protocol seeks to create a censorship-resistant and permissionless stablecoin that combines the best features of fully collateralized and purely algorithmic stablecoins, aiming for both stability and capital efficiency within the decentralized finance (DeFi) ecosystem.