Legacy Fra...

frax

Legacy Frax Dollar (FRAX) is a pioneering decentralized stablecoin at the heart of the Frax ecosystem, an innovative DeFi infrastructure. As a crypto-collateralized USD stablecoin, frax aims to be highly scalable, trustless, and ideologically pure on-chain money. The Frax Protocol issues not only FRAX, but also FPI (pegged to a consumer goods index) and frxETH (an ETH-pegged liquid staking token). The ecosystem features Fraxswap, the first AMM with an embedded Time-weighted Average Market Maker (TWAMM) for efficient, large-scale, long-term trades, and Fraxlend, a permissionless lending platform. Fraxferry facilitates native token transfers across multiple blockchain networks, including Ethereum, BNB Chain, Polygon, Avalanche, and Arbitrum. The FXS governance token oversees this self-sufficient DeFi economy.

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