Frax Finance
Inventors of the fractional stablecoin
Status
Not set
Live
Live
Live on
Ethereum
Category
DeFi
Category
Channel Partner
Partner Type
No items found.
Integrations
Data Feeds
Any API
Product Type
Data Feeds
Any API
Industry
No items found.
DeFi
Year
2021
Collaboration
Social
Integrations
Channel Partnership Details
August 20, 2021
FRAX Stablecoin Upgrades to Chainlink Price Feeds to Secure Minting and Redeeming Functions
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Data Feeds
January 6, 2022
Frax Finance Using Chainlink to Bring U.S. CPI Data On-Chain in Support of the Frax Price Index
Read more
Any API
About
Frax Finance

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Frax is the first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain. The vision for the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. FRAX is the only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

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Data Feeds
Any API
DeFi