Frax token
Overview
Frax operates as a decentralized stablecoin protocol with a fractional-algorithmic design, aiming to hold a peg to the US dollar. The system relies on two tokens: FRAX, which serves as the stable asset, and FXS, which functions as a governance and seigniorage token. Within decentralized finance (DeFi) ecosystems, FRAX is employed mainly as a medium of exchange and a store of value.
Within The Counterparty graph, Frax connects to 33 tracked entities, most strongly to Ethereum, Solana, Arbitrum.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 33 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Polygon | 95% |
deployed_on | Avalanche | 95% |
deployed_on | NEAR | 95% |
deployed_on | BSC | 95% |
deployed_on | zkSync Era | 95% |
deployed_on | Fantom | 95% |
deployed_on | OP Mainnet | 95% |
Frequently asked questions
What is Frax?
Frax is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 33 other tracked entities, most strongly to Ethereum, Solana, Arbitrum.
What type of entity is Frax?
Frax is classified as a stablecoin (token) in The Counterparty knowledge graph.
What is Frax connected to?
In The Counterparty knowledge graph, Frax is linked to 33 other tracked entities, most strongly to Ethereum, Solana, Arbitrum.