FraxFXS
Stablecoin Protocol$2.19
+5.53%
Frax Finance ¤⛓️¤
@Frax Finance ¤⛓️¤Followers99.77 K
Following322
Influence Index1.11 K
Details
24h High$2.19
24h Trading Volume$91.42K
All-Time High (ATH)$42.80
All-Time Low (ATL)$1.26
Market Cap / Fully Diluted Valuation
+89.83%Fully Diluted Valuation (FDV)
$196.20M24h Low$2.06
Market Cap
$218.40MCirculating Supply
$89.55MTotal Supply
99.68M FXSMax Supply
99.68M FXSMarket SentimentPositive
Supported Exchanges
+33
+33Related News
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Novel stablecoin frameworkAbout Frax
Founded
2019
Community
Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.
Team Members
Sam KazemianFounder
Travis MooreCo-Founder & Chief Technology Officer
Nader Ghazvini Head of Governance & Core Team Member
Investors
Dragonfly
Electric Capital
Robot Ventures
Crypto.com Capital
Balaji Srinivasan
Stani KulechovFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Strategic | -- | -- | 2021-07-15 |  Dragonfly* Electric Capital+ 4 |
