Frax (prev...

frax

Frax (prev. FXS) is a pioneering decentralized finance (DeFi) ecosystem focused on innovative stablecoins and robust infrastructure. At its core, Frax aims to create a self-sufficient DeFi economy driven by its diverse stablecoin suite, including FRAX (USD-pegged), FPI (CPI-pegged), and frxETH (ETH-pegged liquid staking token). A key differentiator is Fraxswap, the first Automated Market Maker (AMM) featuring an embedded Time-Weighted Average Market Maker (TWAMM) for executing large, long-term trades efficiently. This unique frax-powered DEX technology, built on Uniswap V2, ensures trustless, permissionless operations. The Frax ecosystem also includes Fraxlend, a flexible lending platform, and Fraxferry for seamless cross-chain token transfers across multiple blockchain networks like Ethereum and BNB Chain. Governance is facilitated by the Frax Share (FXS) token, which accrues value and allows veFXS stakers to govern the protocol and direct FXS emissions. Frax continues to expand its footprint in the broader crypto landscape, championing stablecoin innovation and DeFi.

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