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Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. | Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. | ||
== History == | |||
Sam Kazemian created Frax in 2019 with former Federal Reserve Board nominee Stephen Moore. <ref>https://www.countere.com/home/sam-kazemian-frax-interview</ref> | |||
== Overview == | == Overview == | ||