Frax (FRAX)
Total Value Locked$70.09m
| Ethereum | $70.09m |
|---|
| Include in TVL (optional) | |
|---|---|
| $7.61m | |
| $137,756 |
| Staked | $7.61m |
|---|---|
| $1.74m | |
| $347,590 | |
| $29,853 | |
Protocol Information
FRAX 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. Additional subprotocols and AMOs can be added with governance allowing FRAX to incorporate future stability mechanisms seamlessly as they are discovered
Category:Algo-Stables
Methodology
TVL: Counts liquidty as the Collateral USDC on all AMOs, USDC POOLs, FRAX3CRV and FEI3CRVs through their Contracts
Fees: Total interest paid to users by borrowing FRAX.
Revenue: Amount of interest collected by Frax Finance.