Frax Protocol celebrates its fifth anniversary today—half a decade of pushing DeFi boundaries.

Launched five years ago, the protocol has consistently introduced innovations that shaped how the ecosystem thinks about stablecoins and asset-backed mechanisms. From experimental tokenomics to novel financial primitives, Frax's journey reflects the rapid maturation of decentralized finance itself.

To mark this milestone, the team is rolling out the Fraxiversary Collection—a limited-edition NFT series backed by real assets on its blockchain network. It's more than a commemorative piece; these NFTs represent the protocol's ethos of tangible, asset-grounded innovation.

For those interested in participating, minting is live. The collection serves as both a collector's item and a snapshot of the protocol's evolution. Whether you've been here since day one or discovered Frax more recently, this anniversary drop reflects the community's ongoing commitment to reimagining what DeFi can achieve.

Five years in, and the experimentation continues.