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Finrespbc
Frax is a decentralized finance protocol that issues a fractional-algorithmic stablecoin, FRAX, pegged to the US dollar. The protocol utilizes a dual mechanism combining collateralization with algorithmic stability to maintain its peg. This structure offers users a capital-efficient and decentralized alternative to traditional fiat-backed stablecoins.
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Updated 5 months ago
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- Frax is a decentralized finance protocol that issues a fractional-algorithmic stablecoin, FRAX, pegged to the US dollar. The protocol utilizes a dual mechanism combining collateralization with algorithmic stability to maintain its peg. This structure offers users a capital-efficient and decentralized alternative to traditional fiat-backed stablecoins.