What is Frax?The Frax Protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH.
Frax Finance ecosystem include:1. Three Stablecoins – The Frax Protocol currently issues 3 stablecoins. FRAX, a USD pegged asset. The Frax Price Index (FPI) stablecoin.
Frax SwapFraxswap is the first AMM with time weighted average market maker orders used by the Frax Protocol for rebalancing collateral, mints/redemptions, expanding/contracting stablecoin supply, and deploying protocol owned liquidity onchain
FraxlendFraxlend is the lending facility for Frax-based stablecoins allowing debt origination, customized non-custodial loans, and onboarding collateral assets to the Frax Finance economy.
BrandingVisuals, Identities, Positioning, USP, Value Proposition, Digital Presence.
Good Web3 branding leads to confidence and trust. The best projects have realized this. The rest are missing out.
Frax Share (FXS)Frax Share (FXS) is the governance token of the entire Frax ecosystem of smart contracts which accrues fees, revenue, and excess collateral value. FPIS is the governance token of FPI only and splits its value capture with FXS holders.
Gauge RewardsThe community can propose new gauge rewards for strategies that integrate Frax-based stablecoins. FXS emissions are fixed, halve each year, and entirely flow to different gauges based on the votes of veFXS stakers.