FraxFXS
Stablecoin Protocol$3.37
+0.2%
Frax Finance ¤⛓️¤
@Frax Finance ¤⛓️¤Followers100.14 K
Following327
Influence Index1.23 K
Details
24h High$3.61
24h Trading Volume$1.40M
All-Time High(ATH)$42.80
All-Time Low (ATL)$1.26
Market Cap / Fully Diluted Valuation
+91.01%Fully Diluted Valuation (FDV)
$305.93M24h Low$3.31
Market Cap
$336.12MCirculating Supply
$90.72MTotal Supply
99.68M FXSMax Supply
99.68M FXSMarket SentimentNegative
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
Vince DowdleVP of Strategic Initiatives & Alliances
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 |
